{"id":245082,"date":"2026-04-24T17:57:07","date_gmt":"2026-04-24T17:57:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/245082\/"},"modified":"2026-04-24T17:57:07","modified_gmt":"2026-04-24T17:57:07","slug":"165-million-redevelopment-of-downtown-st-pete-marina-moves-ahead-with-city-in-charge","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/245082\/","title":{"rendered":"$165 million redevelopment of downtown St. Pete marina moves ahead with city in charge"},"content":{"rendered":"<p class=\"\" style=\"white-space:pre-wrap;\">The total cost to redevelop the marina is now estimated at $165.45 million, up from an earlier $148 million construction budget.<\/p>\n<p class=\"\" style=\"white-space:pre-wrap;\">A significant portion of the funding, about $84.83 million, will go toward utility upgrades and replacing docks and facilities in the south and central basins. <\/p>\n<p class=\"\" style=\"white-space:pre-wrap;\">Another $54.22 million is earmarked for additional improvements, including the installation of living or hybrid seawalls designed to enhance coastal resilience. <\/p>\n<p class=\"\" style=\"white-space:pre-wrap;\">The first phase, which includes site studies and seawall work, is expected to be funded by $65 million in Tax Increment Financing (TIF) funds. <\/p>\n<p class=\"\" style=\"white-space:pre-wrap;\">\u201cWhat\u2019s going to happen in 2032 when the TIF money is exhausted?\u201d committee member Brandi Gabbard asked during the meeting. <\/p>\n<p class=\"\" style=\"white-space:pre-wrap;\">In response, Prayman said the marina will remain operational throughout construction. The marina, which is typically fully occupied, is expected to generate enough revenue to support the remaining $100 million debt tied to the project. <\/p>\n<p class=\"\" style=\"white-space:pre-wrap;\">The final agreement with Skanska and Cummins Cederberg is expected to go before City Council in June. <\/p>\n<p class=\"\" style=\"white-space:pre-wrap;\">If approved, the project will move forward in multiple phases, each requiring separate approvals.<\/p>\n","protected":false},"excerpt":{"rendered":"The total cost to redevelop the marina is now estimated at $165.45 million, up from an earlier $148&hellip;\n","protected":false},"author":2,"featured_media":245083,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[202,204,203,199,201,200],"class_list":{"0":"post-245082","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-st-petersburg","8":"tag-st-pete","9":"tag-st-pete-headlines","10":"tag-st-pete-news","11":"tag-st-petersburg","12":"tag-st-petersburg-headlines","13":"tag-st-petersburg-news"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/245082","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=245082"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/245082\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/245083"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=245082"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=245082"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=245082"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}