Transforming Urban Landscapes
Victus Advisors spearheads economic analysis for Tampa Bay Rays ballpark and Gas Plant District redevelopment, shaping the future of St. Petersburg, Fla.
Client
Pinellas County (Fla.)
Sector
Economic Development & Urban Planning
Project
Economic & Fiscal Impact Study for a New Tampa Bay Rays Ballpark & Gas Plant District Redevelopment
Year
2021
Client Challenge
Pinellas County sought to evaluate the potential economic and social ramifications of constructing a new Tampa Bay Rays ballpark and revitalizing the Historic Gas Plant District in St. Petersburg, Florida.
Approach
Victus Advisors conducted a comprehensive economic analysis, assessing the potential impacts of the proposed redevelopment on the local economy and community. Our team evaluated factors such as job creation, tax revenue generation, tourism influx and overall economic growth resulting from the project.
Benefits to Client
Our study provided valuable insights into the potential economic benefits of the ballpark and Gas Plant District redevelopment, including job creation, increased tax revenue and enhanced community vitality. By informing decision-makers with data-driven analysis, we empowered Pinellas County to make informed choices that align with its economic development goals.