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Disappointing Study finds racial disparity in St Petersburg business contracts
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With coronavirus surging, St Petersburg considers mandating vaccines for employees
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St. Petersburg to require developers who get city money to provide community benefits
The plan requires developers who get significant city funding to reinvest in the community.
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Updated Earlier today
ST. PETERSBURG â The City Council on Thursday approved a âcommunity benefit agreementâ that would require developers who get significant city funding to reinvest in the community.
Depending on the amount of funding received, the requirements can include building new affordable or workforce housing or paying into a fund for those projects, paying into a fund to improve local schools and renovate historic buildings, and providing job training. Developers would also have to hold public meetings to get input on their projects.
St Pete is poised to declare racism a public health crisis
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St. Petersburg City Council moves ahead on community benefit agreement
Council members also heard a report on building inspections and lowered the cost threshold for contracts to be subject to their approval.
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Published Yesterday
ST. PETERSBURG â City Council members on Thursday moved forward on a measure that would require developers who get significant city funding to reinvest in the community.
Council voted unanimously to hold a July 22 public hearing on a proposed âcommunity benefit agreementâ for development and redevelopment projects that cost $2 million or more and receive city money equal to 20% or more of their cost, or $10 million regardless of cost. Projects that get more funding would come with higher requirements for developers.