Tampa Bay Business Journal: December 20, 2013

TAMPA - In this week's Tampa Bay Business Journal segment, editor Alexis Muellner discusses what the City of Tampa will do with $100,000,000; the troubling low number of female CEOs in the Bay Area; and if the Belleview Biltmore Hotel should be torn down.

The City of Tampa expects to have $100 million available to spend in the 2015 Fiscal Year.

That is the anticipated amount collected annually by the Downtown Community Redevelopment Agency through a bond issue. Currently most of the $100 million pays for the Tampa Convention Center.

The question is what to do when the final payment on the bonds occurs in 2015. Ideas range from supporting a baseball stadium for the Tampa Bay Rays, to road improvements and other transit projects, to aesthetic greenscaping of the downtown area.

Tampa City Councilwoman Yvonne Yolie Capin plans to hold public discussion on what to do with the money in January.

There is a problem in most Tampa Bay area business boardrooms: the lack of female executive officers.

None of the Fortune 500 companies where women hold at least a quarter of the executive positions are headquartered in Tampa Bay. One example is Jabil Circuit that is among 133 companies listed in the 2013 Catalyst Census as having no no female executive officers.

While women currently make up more than half of college graduates, it seems HSN's Mindy Grossman and Bloomin' Brands' Liz Smith are the exception rather then the rule when it comes to breaking the glass ceiling locally.

Is it time for the Belleview Biltmore Hotel to be torn down? The beloved structure was built in 1897 along Old Clearwater Bay.

Unfortunately, the structure is in poor shape ever since the 2004 hurricane season. The roof is sagging, shingles are missing, and there are holes in walls and ceilings. Any developer who would like to save the hotel would need to spend millions of dollars.

The question, would it be worth it to spend that amount of money. Tampa Bay Business Journal editor Alexis Mueller discusses in a column in this week's paper why it is time for a reality check for those who want to save the Belleview Biltmore.

For more information on these stories, click on the video player on the left, go to www.youtube.com/watch?v=YbwGwmbpKNw or pick up this week's Tampa Bay Business Journal available on newsstands.

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