This proposal includes more than 3,600 units of affordable and workforce housing, new public infrastructure, a large park dedicated to showcasing museums and other cultural landmarks, and a workforce training and small business success center.
“As we enter the next chapter for the Historic Gas Plant District, I want to thank every development team for submitting intentional and thoughtful proposals. The quality of competition made this a better process and allowed us to re-envision the potential opportunities for this land,” Welch said.
The city will now begin negotiations, develop a term sheet and bring agreements to the city council for approval. A final agreement must be approved by the city council before ground can be broken.
The Burg Bid proposal will also go through the city’s Community Benefits Agreement Program, including selection of a Community Benefits Advisory Council Project Committee and public engagement on proposed community benefits and impacts.
The Pinellas County Housing Authority proposal will not move through that process because the project is 100 percent affordable and workforce housing, though its final agreement also requires city council approval.