Quantifying the Impact of a New Tampa Bay Rays Ballpark

Victus Advisors conducted economic and fiscal analysis for a proposed MLB ballpark and Gas Plant District redevelopment for Pinellas County, Fla.

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Client
Pinellas County (Fla.)

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Sector
Public Sector, Pro Sports

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Project
Economic & Fiscal Impact Study for a New Tampa Bay Rays Ballpark & Gas Plant District Redevelopment

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Year
2021

Client Challenge

Pinellas County was working to evaluate the potential economic and social impacts of constructing a new Tampa Bay Rays ballpark and revitalizing the historic Gas Plant District in St. Petersburg, Florida. The analysis was needed to inform public decision-making on a project linking professional sports infrastructure to broader urban redevelopment.

Approach

Victus Advisors conducted an economic and fiscal impact analysis assessing the potential effects of the proposed redevelopment on the local economy and community. The work covered job creation, tax revenue generation, tourism influx and overall economic growth tied to both the ballpark and the surrounding district.

Benefits to Client

The study delivered an independent view of the project's potential economic benefits, including job creation, increased tax revenue and enhanced community vitality tied to both the ballpark and the Gas Plant District redevelopment. The findings equipped Pinellas County leadership to make data-informed choices on a project at the intersection of MLB infrastructure investment and one of St. Petersburg's most significant urban redevelopment opportunities.