In this week's Tampa Bay Business Journal segment, editor Alexis Muellner discusses the future of Tampa's buy A La Carte Pavilion. the price increase for Buccaneers season tickets, and the local public company who added a woman to its board of directors.
This week the Business Journal broke the story this week that developer David Weekley Homes is under contract to purchase the A La Carte Event Pavilion property.
Al La Carte, located on Dana Shores Drive, is owned by the Egypt Shriners. Alexis says the property was listed for $15 million dollars, but it is unclear if that is the agreed upon purchase price.
David Weekley Homes plans to redevelopment the property into an upscale, waterfront residential community.
The sale would have a direct impact on local companies that hold meetings at Al La Carte.
"This creates an interesting thing because in the business community that's been one of the places to hold events," said Muellner. "It's going to be interesting to see how the business community adjusts to Al La Carte not being available."
The Tampa Bay Buccaneers are raising some season ticket prices for the first time in eight years.
Fans will have to pay on average 20% more in 2016 for non-Club seats. The least expensive seats will cost $400, up from $300.
Alexis notes Buccaneers season ticket prices were the second lowest in the NFL. The new prices will have the team rank as having the 22nd most expensive tickets in the league.
The Bucs believe the increase will allow them to give fans a lot more value for their dollar. Part of making the fan experience better includes the planned $100 million renovation of Raymond James Stadium.
North Venice window and door manufacturer PGT Industries recently added Sheree Bargabos to its board of directors. According to the advocacy group 2020 Women on Boards, the company was among the handful of Tampa Bay companies with no women on their boards.
Bargabos is a former Fortune 500 executive. She spent a decade as President of Owen Corning's Roofing and Asphalt division and then two years as Owen Corning's Vice President of Customer Experience for Roofing.
Alexis says addition of Bargabos to PGT may not seem important, but it is indicative of a change corporate culture where diversity in upper management in not only appreciated, but wanted.
"What we are finding in studies is, and there has been a lot of people looking at this is, the more diversity you can have, the more perspective on the board, it is a direct correlation to their improvement on their bottom line," said Muellner.