St. Pete Mayor Ken Welch will hold a press conference at 9 a.m. on Thursday, July 2, to announce the proposal for the Historic Gas Plant District redevelopment project.WATCH LIVE:The future of the 86-acre property has been in li mbo since the stadium deal with the Tampa Bay Rays fell through last year.In the months since, the city has accepted proposals from developers to figure out what to do with the site.Leaders shortlisted 4 proposals from ARK Ellision Horus, Foundation Vision Partners, Pinellas County Housing Authority, and The Burg Bid (Blake Investment Partners).The city held a public meeting back in April with the developers and had 30 days of public input. .Many people in the community have called for affordable housing to be a main focus in redeveloping the historic African American district.Once Welch makes a selection, the Community Benefits Advisory Council Committee and City Council will formally vet it, then the CBAC will host two meetings in July.Following those meetings, Welch and his staff are expected to begin to negotiate a term sheet for City Council to vote on.Mayor Welch will hold the press conference at Campbell Park in St. Pete.The press conference will be livestreamed on Tampa Bay 28's website and Facebook.This is a developing story. Tampa Bay 28 will provide more details as they become available. ...read more read less