{"id":271918,"date":"2026-05-15T06:59:21","date_gmt":"2026-05-15T06:59:21","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/271918\/"},"modified":"2026-05-15T06:59:21","modified_gmt":"2026-05-15T06:59:21","slug":"35-million-for-ybor-harbor-approved-by-tampa-officials","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/271918\/","title":{"rendered":"$35 million for Ybor Harbor approved by Tampa officials"},"content":{"rendered":"<p class=\"mb-4 text-lg md:leading-8 break-words\">In a swift vote, the Tampa City Council on Thursday approved $35 million for Ybor Harbor, an effort by developer Darryl Shaw to redevelop the stretch between Ybor City and the Channel District.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">The money will go toward infrastructure on the waterfront site, including a marine seawall and underground utilities.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">\u201cThis is a transformational project,\u201d said Tampa City Council member Alan Clendenin. \u201cIt\u2019s one of those projects we\u2019re going to look back on and say, \u2018This was a pivotal moment in Tampa\u2019s history, to be able to reclaim property that has been left in disrepair.\u2019\u201d<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">The more than $200 million project is part of a larger push from Shaw to <a href=\"https:\/\/www.tampabay.com\/news\/real-estate\/2025\/12\/15\/darryl-shaw-files-plans-new-ybor-city-project-what-will-it-look-like\/\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"elm:link;elmt:article_link;slk:reinvent Ybor City;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;reinvent Ybor City&quot;}\" class=\"link \">reinvent Ybor City<\/a> and better connect it to the surrounding neighborhoods. The council approved the public support by a unanimous vote while meeting at the Community Redevelopment Agency on Thursday.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">It will add thousands of feet of public waterfront access, with boardwalks, parks and a nature trail. There will also be housing and space for retail and restaurants, according to a presentation from the developer. At least 10% of the rental residences will be rent-restricted and affordable, Shaw said.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">A slice of the project falls within the Channel District Community Redevelopment Area, created to address blight. Money from the redevelopment area relies on tax increment financing, which leverages future tax value increases to pay for current projects.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">The site currently generates around $400,000 a year in property tax revenue, said Avi Friedman Shaw, vice president of development at Darryl Shaw\u2019s firm. It\u2019s a low-lying industrial zone, marked by environmental contamination and home to a ship repair business.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">\u201cThat\u2019s not very much for 32 acres in Tampa\u2019s urban core,\u201d Shaw said. Once fully built, he said, the project is expected to generate more than $47 million per year in tax increment money.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">\u201cWe believe this site plan will actively integrate Ybor Harbor with Ybor City and the Channel District, and bring all of those together at the waterfront,\u201d Shaw said.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">The project will unfold in three phases, with infrastructure work in the Channel District slated to begin in 2027.<\/p>\n","protected":false},"excerpt":{"rendered":"In a swift vote, the Tampa City Council on Thursday approved $35 million for Ybor Harbor, an effort&hellip;\n","protected":false},"author":2,"featured_media":271919,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[116379,14709,12583,135,610,137,136,116378,10364],"class_list":["post-271918","post","type-post","status-publish","format-standard","has-post-thumbnail","category-tampa","tag-avi-friedman-shaw","tag-channel-district","tag-darryl-shaw","tag-tampa","tag-tampa-city-council","tag-tampa-headlines","tag-tampa-news","tag-ybor-harbor","tag-ybor-city"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/271918","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=271918"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/271918\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/271919"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=271918"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=271918"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=271918"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}