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Three bids on Trop

18

March

The city has posted all the proposals here.

UPDATE (11 a.m.)  -- Kitty just asked if Tropicana Field will be demolished or sold before a potential November referendum on the Rays' stadium plan. The answer is no. The city has made it clear to developers that the sale of the land will NOT happen, unless the Rays' stadium proposal is approved by voters in November. If anyone else has questions, I'll be happy to try to answer them.

UPDATE (10:55 a.m.) -- It will be a few hours, the city says, before we know more about the three bids. City officials are just now beginning to sort through the 1/2-inch thick documents. The city says it hopes to make summaries of each bid available this afternoon, and the whole document available by the end of the day.

Here's what we know about the three developers:

Hines --- The group the Tampa Bay Rays have been working with, Hines' bid was all but assured months ago. They're calling their proposal WestEnd St. Pete. The publicly known concept includes 1-million square feet of retail space (the size approx. of International Plaza) and about 900 homes.

Archstone-Madison -- A partnership between Archstone Smith and Madison Marquetee, two D.C.-area companies. We told you on Sunday they may be a likely bidder. Their project is called EcoVerde.

Williams Quater -- The company we know the least about. In fact, we couldn't find them in a quick Google search. But they are partnering with DeBartolo Holdings, a Tampa company known for retail developments.

City officials say all of the bids were received this morning. Both city and Rays officials sounded pleased with the response from the development community. We'll update this post later when we know more about the bids.

UPDATE (10:18 a.m.) -- Three bids: Williams Quarter (teaming with DeBartolo Holdings and other developers); Archstone-Madison; Hines.

UPDATE (10:16 a.m.) -- City economic development director Dave Goodwin just walked in. He's carrying three packets of information. Looks like three bids.

UPDATE (10:12 a.m.) --- Rays officials Michael Kalt, Melanie Lenz and Robbie Artz just walked in. We're still waiting on the city.

ST. PETERSBURG -- We're here on the eighth floor of the city's downtown Municipal Services Building, waiting for city officials to unveil the bids for the possible redevelopment of Tropicana Field. It's mainly an affair for the media, though former City Council member Kathleen Ford is seated in the back row. (Ford, you might remember, argued earlier this month that the bidding process should be stopped because she believed the developer the Tampa Bay Rays are working with, Hines, had an unfair advantage.)

It's hard to know what to expect. Quietly, city officials are hoping for three bids to redevelop the 86-acre site. To put that in some perspective, a 110-acre Washington D.C. site drew seven initial bids last fall.

What'll be more interesting is the price that developers are offering. The money generated by the possible redevelopment is critical to the Rays' $450-million stadium proposal. We should have some information within the half hour. Details of the proposal, however, may not be available until this afternoon, city officials say.

Complete coverage: Ballpark by the bay

-- Aaron Sharockman, Times Staff Writer

[Last modified: Monday, December 21, 2009 12:34am]

    

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