Jeff Vinik’s Channelside Bid Accepted

Lightning owner Jeff Vinik’s investment group, CBP Development, was the only group to make a presentation to the Tampa Port Authority. The board approved the bid unanimously.

According to WTSP, Vinik’s winning bid was for $7.1 million and it was presented at an auction Wednesday for control of Channelside Bay Plaza in downtown Tampa.

Vinik wants to turn the plaza into an entertainment complex called “Channelside Live.”

Port Tampa Bay issued this statement:

“Port Tampa Bay is pleased that the future appears bright for Channelside Bay Plaza. The port authority is looking forward to continuing to work closely with the IBRC (Irish Bank Resolution Corporation Limited), the U.S. Bankruptcy Court, and CBP Development, LLC in finding a resolution to make the complex into the first-class attraction that the people of Tampa Bay deserve and assuring that it becomes the gem of downtown Tampa.”

For more on this story visit: WTSP