(Carl Cronan is editor of RealEstateFlorida.)
TAMPA, FL-The new owners of the Tampa Bay Lightning have plentyof ideas about developing land surrounding the St. Pete TimesForum. They just aren't ready to proceed with them yet, despiteefforts by local tourism officials to advance a planned hoteladjacent to the arena.
Lightning Investment Holdings LP, which took control of theNational Hockey League franchise three weeks ago, bought the rightsto develop two parcels totaling 5.5 acres in Downtown Tampa as partof its $200-million acquisition of the team and leasehold rights tothe publicly owned arena. However, the eight-member ownership grouphas been focused lately on personnel matters, such as signingplayers to lucrative long-term contracts, rather than realestate.
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