USF to Break Ground on Nearly $500 Million Fletcher District
The 30-acre first phase will add housing, dining, a hotel and research space near USF’s stadium.
The 30-acre first phase will add housing, dining, a hotel and research space near USF’s stadium.
The deal solves a financing problem that derailed Tampa’s 2018 bid and ties the ballpark to a larger development plan.
Tampa’s $80 million depends on development around the ballpark generating new taxable value.
The proposed plan extends community benefits beyond the stadium district.
New terms raise the Rays’ share to about 60% and cut the direct public contribution by $100 million.
The 53-acre mall could add 1,765 homes, a hotel and a new 14-block street network.
The proposal still needs four council votes as key repayment terms remain unresolved.
Seven public parcels could become a 178-unit mixed-use affordable housing development downtown.
The proposal would add homes, jobs and industry to one of Pasco County’s largest undeveloped sites.
The team’s new images make the case for a ballpark built to work well beyond baseball.