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Welch Unveils $600 Million Infrastructure Bond, Signals Renewed Push on Gas Plant Redevelopment

Voters will be asked to authorize the plan during a campaign season defined by council delays and state scrutiny.

Overview

  • In his State of the City address, Mayor Ken Welch said St. Petersburg will seek voter approval for a roughly $600 million general obligation bond to accelerate sewer, stormwater and neighborhood upgrades tied to the SPAR program and the federal Sunrise St. Pete partnership.
  • Welch framed the bond as a way to speed resilience work highlighted by recent hurricanes without leaning solely on water and sewer rate hikes.
  • On the 86-acre Historic Gas Plant District, Welch noted development rights have returned to the city and said staff are working to incorporate a recent City Council call for added planning without pausing proposal reviews.
  • Welch said he hopes a developer selection for the Gas Plant could occur by fall, though the timeline has been slowed slightly to account for the Council’s resolution.
  • Addressing the Rays, Welch reiterated the city will not add funding to the abandoned stadium framework as the team explores Hillsborough options, and he launched his re-election bid the same day while acknowledging a missing-campaign-funds case referred to law enforcement and pushing back on state budget critiques.