The fight for Channelside Bay Plaza is officially over.
Now begins a new challenge: remaking downtown Tampa's Channel District.
Tampa Bay Lightning owner Jeff Vinik is Channelside's new owner, thanks to the last-second settlement that ended the yearlong court fight over downtown's outdoor mall. The deal was hammered out Sunday night and approved Monday by a bankruptcy judge....
TAMPA — Here's a good indicator of the strength of Tampa International Airport's Latin American travel market: Copa Airlines will fly daily over the holidays.
Copa started flying four times a week between Tampa and Panama City in December. But the airport announced Monday that the airline will increase its Tampa flights to seven times a week from Nov. 17 to Jan. 2.
When the Copa route started in December, airport CEO Joe Lopano said TIA's long-term goal was to eventually see its Latin American route go daily....
The long-running Channelside Bay Plaza saga is on the verge of a stunning and quick resolution.
The warring parties in the troubled Channelside auction reached a surprise settlement on Sunday night, just hours before a bankruptcy judge was set to accept or reject Tampa Bay Lightning owner Jeff Vinik's bid for the downtown Tampa mall.
In federal court, attorneys filed a proposed "global settlement of pending litigation" late Sunday night that would hand control of Channelside to Vinik....
Tampa Bay residents have long been generous in offering helpful advice, be it to football coaches, fellow motorists or visiting tourists.
So it's no surprise that after a state study revealed that the local cruise ship industry is endangered because mega ships will not fit under the Sunshine Skyway bridge, suggestions from local residents poured in.
Tampa Bay Times readers offered solutions they believe might be more feasible (cheaper) than the two expensive solutions offered in the state study. The Times did not vet these ideas but is simply passing them along to keep the dialogue going....
Judgment day for Channelside Bay Plaza's latest would-be savior is Monday.
That's when U.S. Bankruptcy Judge Christopher Sontchi will decide whether to approve Tampa Bay Lightning owner Jeff Vinik's $7.1 million bid for Channelside.
Based on the judge's comments after Thursday's hearing, however, Vinik's bid could be in trouble. The judge didn't have any issues with Vinik or his offer, but he said he was troubled by the July 2 auction itself....
The latest courtroom battle for Channelside Bay Plaza kicked off Tuesday in a federal bankruptcy court in Delaware. The core issue this time around is Tampa Bay Lighting owner Jeff Vinik's winning bid of $7.1 million for the failing downtown Tampa mall.
The results of the July 2 auction need the approval of U.S. Bankruptcy Judge Christopher Sontchi. But the outcome is being challenged by a group of local real estate investors, Liberty Channelside LLC, who have spent the past year fighting in court for control of the complex....
TAMPA — This week in court, Liberty Channelside LLC accused the Tampa Port Authority and bank liquidators of rigging the Channelside Bay Plaza auction in favor of the eventual winner: Tampa Bay Lightning owner Jeff Vinik.
Now the Tampa Port Authority has fired back with an allegation of its own: It was Liberty that sabotaged the auction by failing to bid.
Had Liberty bid against its competitors — the port and the Vinik group — then the auction would have been more competitive, the motion said....
To save the local cruise ship industry, Tampa Bay has to choose between two of the biggest and most expensive public infrastructure projects in its history.
One proposal is to spend $2 billion to replace or raise the Sunshine Skyway bridge so that it would be tall enough to allow new mega-sized cruise ships to pass underneath it. Those ships are the future of the cruise industry, but they cannot sail under the current bridge....
TAMPA — Liberty Channelside LLC continued its court battle for Channelside Bay Plaza on Tuesday, accusing the top players in last week's auction of colluding to hand the plaza over to the winning bidder, Tampa Bay Lightning owner Jeff Vinik.
Liberty is trying to scuttle Vinik's winning bid while also proposing a new deal to the judge overseeing the Channelside auction: Liberty offered $10 million for the fading downtown Tampa mall....
TAMPA — The cruise ships that sail up and down Tampa Bay generate more than $380 million in annual economic activity for the area and help support up to 2,000 jobs.
But saving that industry from extinction could cost hundreds of millions — and maybe even a billion or two — in local, state and federal tax dollars, a state study estimates.
The question Tampa Bay leaders must ask themselves in the coming years: Are cruise ships worth it?...
Tampa Bay Lightning owner Jeff Vinik was the winning bidder in Wednesday's auction for Channelside Bay Plaza.
He was also the only real bidder.
According to court records, the winning bid of $7.1 million was made by CBP Development LLC, the new venture Vinik formed to acquire, revive and run Channelside.
Vinik bid on the Channelside building, while the Tampa Port Authority bid $3.5 million for the mortgage on the building. Bidders had the choice of bidding on either asset, or both....
TAMPA — It will take more than a big, fat check to win Channelside Bay Plaza in today's auction.
The winning bidder will also have to prove it has the best shot of succeeding as Channelside's new owner.
In bankruptcy law, the concept is called "adequate assurance of future performance." It will play a key role in determining who will control Channelside.
The auction will start at 10 a.m. at a New York law firm. Three parties will bid against one another: Tampa Bay Lightning owner Jeff Vinik's group CBP Development LLC, which unveiled its grand plans for Channelside on Monday; Liberty Channelside LLC investors Santosh Govindaraju and Punit Shah, who tried to buy it last year and have since been in litigation; and the Tampa Port Authority, which wants to choose the complex's savior....
TAMPA — Tampa Bay Lightning owner Jeff Vinik just jumped back into the race to control Channelside Bay Plaza.
The owner of the Lightning controls CBP Development LLC, which according to court records has the highest starting bid for Channelside in the auction coming on Wednesday.
CBP bid $7.1 million, records show. That is now the highest offer on record for downtown Tampa's dilapidated outdoor mall....
TAMPA — The highest bidder might not be the winner in Wednesday's auction for Channelside Bay Plaza.
The "best bid" will win the day, according to the auction rules.
The "best" bidder must also prove they have the money and means to rehabilitate the long-suffering outdoor mall. And it would help to have the blessing of the Tampa Port Authority, which has a say over who can buy it....
TAMPA — Sam Rashid, one of the most active and influential Republican activists in Hillsborough County, received an appointment to the Hillsborough County Aviation board from Gov. Rick Scott on Thursday.
The board oversees Tampa International Airport. But Rashid says he will focus on upholding the legacy of the former chairman of the board, Steve Burton, who died at 52 in April 2013....