Tampa Bay Business Journal - July 20, 2012

TAMPA - In this week's Tampa Bay Business Journal report, editor Alexis Muellner talks about Tampa Bay Host Committee's effort to raise $55 million, the queen of retail helping Baywalk's rebirth, and how upheaval in the media industry upheaval is creating real estate opportunities.

2012 Tampa Bay Host Committee President and CEO Ken Jones is convinced the effort to raise $55 million will not fail.

Jones says the non-partisan organization is hitting all its milestones and will meet its stated goal with the help of donor "heroes" emerging such as Tampa Bay Lightning Owner Jeff Vinik and Mortgage Investors Corp.'s Bill Edwards.

Baywalk is seeking a second life. The failed downtown St. Petersburg shopping center is getting advice from the "Queen of Retail."

Faith Hope Consolo, chairman of the retail leasing and sales division at Prudential Douglas Elliman Real Estate in New York, is working with Baywalk owner Bill Edwards on how to best achieve success when the complex re-opens under a new name.

The Tampa Bay Times and Tampa Tribune have tens of thousands of square feet of office space that is available for sale or lease, or could be in the near future.

By selling off real estate, media companies are "looking for one-time revenues from perks that they can't afford anymore," said Wayne Garcia, University of South Florida a journalism professor.

For more information on these stories, click on the video player on the left to watch this week's report.

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