Tech investor, developer propose $6.8B St. Pete redevelopment, including Tropicana field

A team led by Cathie Wood, founder and CEO of ARK Investment Management, and Casey Ellison, founder and CEO of Ellison Cos., wants to redevelop the Historic Gas Plant District.

By Louis Llovio
| 3:10 p.m. October 3, 2025
| 0 Free Articles Remaining!

A local group has proposed a $6.5 billion redevelopment of downtown St. Petersburg.

Tampa Bay-Lakeland

St. Petersburg Mayor Kenneth Welch has received an unsolicited offer from a development team proposing a $6.8 billion redevelopment of nearly 100 acres downtown, including the property where Tropicana Field now sits.

The proposal aims to transform the Historic Gas Plant District in the city and fills a gap left after the Tampa Bay Rays backed out of a deal earlier this year that would have brought a new ballpark and the redevelopment of 86 acres.