Community Redevelopment Areas
Investing In Community
The St. Petersburg Community Redevelopment Agency has established three community redevelopment areas (CRAs), adopted redevelopment plans, and approved redevelopment trust funds. South St. Petersburg, Intown, and Intown West have all been designated as CRAs.
South St. Petersburg
The South St. Petersburg Community Redevelopment Area (CRA) was established to promote reinvestment in housing and neighborhoods, commercial corridors, business development, and education and workforce development within the South St. Petersburg CRA. The 4,777-acre CRA is the largest in St. Petersburg and one of the largest in Florida. The CRA encompasses Greater Childs Park, more than twenty neighborhood and business associations, and two Florida Main Street Districts.
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Legal Name of District and Date Established
The Tax Increment Financing District and Redevelopment Trust Fund for the “South St. Petersburg Community Redevelopment Area” (South St. Petersburg CRA Dependent Special District) was approved by St. Petersburg City Council on June 11, 2015, by Ordinance No. 175 H, and the Pinellas County Board of County Commissioners on June 23, 2015, by Ordinance No. 15-27.
Boundaries
The South St. Petersburg CRA Dependent Special District is generally bounded by 2nd Avenue North, Interstate 275, Interstate 175 and Booker Creek on the north; 4th Street South on the east; 30th Avenue South on the south; and 49th Street on the west.
Public Purpose, Redevelopment Plan, and Services Provided
The South St. Petersburg CRA Dependent Special District was established to remedy blighting conditions within the South St. Petersburg Community Redevelopment Area, pursuant to the authority provided by the Florida Community Redevelopment Act of 1969.
The South St. Petersburg Community Redevelopment Plan was approved on May 21, 2015, by ordinance 169-H. The South St. Petersburg Community Redevelopment Plan is a multifaceted revitalization effort that embraces both traditional “placed-based” economic development strategies customary to redevelopment plans as well as “people-based” strategies that seek to improve the education, workforce training, and workforce readiness opportunities for the residents of South St. Petersburg.
The strategic approach to the South St. Petersburg CRA includes three focus areas – Housing and Neighborhood Revitalization, Education and Workforce Development, and Business and Commercial Development. A major strategy of the South St. Petersburg Plan is to direct revenues generated from the South St. Petersburg tax increment financing district to provide direct assistance for private investment in residential and non-residential redevelopment in the form of grants, loans, property tax abatements, or other vehicles to help leverage capital from diverse sources.
Revenue Information
The original base year 2015 assessed real property value within the district was $530.06 million and the most recent tax year received, 2021, was $1,291.12 million. The City contribution to the fund is 95% and the County contributes 85%.
FY 2022 Revenue
|
City of St. Petersburg TIF Contribution |
$4,804,616 |
|
Pinellas County TIF Contribution |
$3,369,835 |
|
Total |
$8,174,451 |
Statutory Authority for Levy
Section 163.387 of Florida Statutes, Community Redevelopment Act of 1969
Budget
- Fiscal Year Period: October 1st thru September 30th
- Tentative Budget: Not applicable
- Final Adopted Budget:
- Budget Amendments:
Community Redevelopment Agency & Citizens Advisory Committee
St. Petersburg City Council is solely delegated the authority to serve as the Agency by the Pinellas County Board of County Commissioners, pursuant to Sec. 163.357 and Sec. 163.410, FS. St. Petersburg Community Redevelopment Agency agendas can be found on the City Council Agendas page.
The Citizen Advisory Committee (CAC), created by an interlocal agreement between St. Petersburg City Council and the Pinellas County Board of County Commissioners, is the City’s first redevelopment advisory committee. The CAC advises the St. Petersburg Community Redevelopment Agency on the South St. Petersburg Community Redevelopment Plan and any amendments thereto as well as other issues and policies pertaining to the CRA. More information, including meeting agendas, can be found on the Citizens Advisory Committee page.
The City’s Meeting Calendar and Recorded Meetings can be found here.
Intown Redevelopment Area
The City’s second largest CRA measures nearly 643 acres (both land and water) and encompasses Downtown from the Renaissance Vinoy Hotel in the northeast to Tropicana Field in the southwest. It also includes the University Park neighborhood, the City’s waterfront park system, and the commercial core of Downtown along Central Avenue.
Legal Name of District and Date Established
The Tax Increment Financing District and Redevelopment Trust Fund for the “Intown Community Redevelopment Area” (Intown CRA Dependent Special District) was approved by St. Petersburg City Council on April 15, 1982, and the Pinellas County Board of County Commissioners on August 3, 1982, by Ordinance #82-24.
*A summary of legal documents, including creation ordinances and amendments, is in Appendix A of the Intown Redevelopment Plan.
Boundaries
The Intown CRA Dependent Special District ranges throughout Downtown St. Petersburg from the Renaissance Vinoy Hotel in the northeast, Tropicana Field in the southwest, and borders Albert Whitted Airport on the southeast. It also includes the University Park neighborhood, the City’s waterfront park system, the commercial core of Downtown along Central Avenue, and the Historic Gas Plant District, including the current Tropicana Field Site.
Public Purpose, Redevelopment Plan, and Services Provided
The Intown CRA Dependent Special District was established to remedy blighting conditions within the Intown Community Redevelopment Area, pursuant to the authority provided by the Florida Community Redevelopment Act of 1969.
The Intown CRA Dependent Special District provides a sustainable and durable source of financing for public improvement projects designed to catalyze private development in Downtown St. Petersburg. Some of the projects funded in the Special District TIF revenues since its inception include the construction of the new Municipal Pier and enhancements to the Pier Approach and Pier District, the development of two public parking garages, renovations to the Mahaffey Theater, partial funding to construct Tropicana Field in the late 1980s and later renovations to accommodate Major League Baseball, and acquisition of property throughout Downtown to consolidate development sites. Redevelopment of Tropicana Field is expected to begin in the next several years with a funding source from TIF designed to prepare the site.
Revenue Information
The original base year assessed real property value within the district was $107.88 million and the recent 2021 assessed real property value within the district was $2.48 billion. The success of the District in generating significant TIF revenue growth since the recession has allowed the City and County to begin reducing their contributions to the district. In 2015, City Council approved reducing Pinellas County contribution level to the district from 95 percent to 85 percent (Res. 2015-398). Amendments to the IRP in 2018 reduced both City and County contributions. In FY2019, Pinellas County’s contribution to the district was reduced from 85 percent to 75 percent, while the City’s was reduced from 95 percent to 75 percent. Beginning in FY2023, the City and County contribution will be reduced from 75 percent to 50 percent (Ord. 333-H).
FY 2022 Revenue
|
City of St. Petersburg TIF Contribution |
$11,862,164 |
|
Pinellas County TIF Contribution |
$9,285,928 |
|
Total |
$21,148,093 |
Statutory Authority for Levy
Section 163.387 of Florida Statutes, Community Redevelopment Act of 1969.
Intown West Redevelopment Area
This 193-acre CRA lies north and west of Tropicana Field and is bounded by I-175, I-275, Burlington Avenue North, and Dr. Martin Luther King Jr. Street.
Legal Name of District and Date Established
The Tax Increment Financing District and Redevelopment Trust Fund for the “Intown West Community Redevelopment Area” (Intown West CRA Dependent Special District) was approved by St. Petersburg City Council on November 15, 1990, and the Pinellas County Board of County Commissioners on January 29, 1991.
The Intown West CRA was originally set to expire on November 15, 2020. On August 16, 2019, City Council adopted a resolution requesting Pinellas County approval to extend the Intown West CRA until April 7, 2032, which is commensurate with the date the Intown Redevelopment Area will expire. Pinellas County Board of County Commissioners approved the request on October 8, 2019. As part of the approval, Pinellas County contributions to the Intown West Trust Fund expired on November 15, 2020. After that date, only the City of St. Petersburg will contribute to the redevelopment trust fund at 50 percent of the increment value.
Boundaries
The Intown West CRA Dependent Special District lies north and west of Tropicana Field and is bounded by I-175, I-275, Burlington Avenue North and Dr. Martin Luther King, Jr. Street. City Council approved the Intown West Redevelopment Plan (IWRP) and established the redevelopment trust fund in November 1990.
Public Purpose, Redevelopment Plan, and Services Provided
The Intown West CRA Dependent Special District was established to remedy blighting conditions within the Intown West Community Redevelopment Area, pursuant to the authority provided by the Florida Community Redevelopment Act of 1969.
The Intown West CRA Dependent Special District was created to capitalize on the development of Tropicana Field and the eventual award of a Major League Baseball franchise. The Plan recognized the neighborhood would become in the future a “key gateway area and a high activity node related to stadium activities.” Specific issues the IWRP attempts to address include little or no development focus, physical deterioration of structures and properties, poor visual identity, and lack of a unified architectural theme or development pattern.
Revenue Information
FY 2022 Revenue*
|
City of St. Petersburg TIF Contribution |
$1,304,901 |
|
Pinellas County TIF Contribution |
$0 |
|
Total |
$1,304,901 |
Statutory Authority for Levy
Section 163.387 of Florida Statutes, Community Redevelopment Act of 1969
Budget
- Fiscal Year Period: October 1 thru September 30
- Final Adopted Budget:
- Tentative Budget and Budget Amendments can be found on the City's Budget and Finance page.
Reporting Information
FY 2022 Annual Reports and Financial Information
FY 2022 Reports
- FY 2022 St. Petersburg CRA Annual Report
- FY 2022 CRA Audit Report
- FY 2022 City's Annual Comprehensive Financial Report*
*Note: The Intown District is referred to as the “Downtown Redevelopment District”.
Additional Information
Audits and Annual Financial Reports for past Fiscal Years can be found on the City’s Budget and Finance webpage.
Click here for access to the Florida Department of Financial Services – Local Government Financial Reporting Page State Website.
Millage Rates
FY 2022 Millage Rates
| City of St. Petersburg | 6.6550 |
| Pinellas County | 5.2092 |
Contact Information
The contact information below is for all three Community Redevelopment Areas (South St. Petersburg; Intown; and Intown West.)
Registered Agent: Brian Caper, Economic & Workforce Development Director
City of St. Petersburg
Economic and Workforce Development Department
One 4th St. N.
St. Petersburg, FL 33701
727-893-7100
brian.caper@stpete.org
Governing Body: St. Petersburg Community Redevelopment Agency*
St. Petersburg City Hall
175 5th St. N.
St. Petersburg, FL 33701
727-893-7117
council@stpete.org
*Staggered Four-year Term Lengths: St. Petersburg City Council is solely delegated the authority to serve as the Agency by the Pinellas County Board of County Commissioners, pursuant to Sec. 163.357 and Sec. 163.410, FS.
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