ST. PETERSBURG, Fla. — Right now, no one really knows what the Historic Gas Plant District is going to become. But what many developers do know is that it’s a gold mine.
Over the weekend, the city of St. Pete opened the 30-day window for developers to make their pitch to redevelop the 86-acre Tropicana Field site. The process was triggered by an unsolicited $6.8 billion proposal submitted Oct. 3 by Ark Investment Management, Ellison Development and Horus Construction. Florida law requires the city to give other developers an opportunity to send in their own proposals.
Early proposals from prominent developers have ranged from green spaces to entertainment venues to affordable housing…