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flag Rally Development seeks to redevelop a Florida site into a mixed-use complex, possibly including a Rays stadium, with a $58.25M loan.

flag Rally Development is pursuing a major redevelopment of the 131.5-acre Derby Lane site in St. Petersburg, Florida, formerly home to a century-old greyhound track. flag The company, which acquired the property in April via a merger, secured a $58.25 million loan and hired Berkadia to market the land for a project estimated to cost hundreds of millions to billions of dollars. flag While no final plans are set, a new stadium for the Tampa Bay Rays is under consideration, though no agreement has been made. flag The project aims to create a mixed-use complex with residential, commercial, and entertainment components, targeting economic revitalization and job creation, but specific designs and timelines remain pending.

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