Pier grows in scope, price
Nine years ago, the city of
St. Petersburg chose to tear down the old inverted pyramid on the bayfront and build at new pier for $50 million. As the new pier has risen, so has its cost. Work on the project is expected to largely wrap up by the end of the year.
St. Petersburg ’s plans for a $50 million pier have grown, along with the project’s price tag.
ST. PETERSBURG — The year was 2010, when the City Council voted to demolish St. Petersburg’s old inverted pyramid Pier that was costing taxpayers about $1.4 million in annual subsidies.
A new pier would be built and the budget was to be $50 million.
Nine years later, the “world class” pier of current Mayor Rick Kriseman’s dreams is under construction, rising in a downtown strumming with a youthful vibe.
The budget is now $80 million and the once 5½-acre pier will now be a 26-acre destination boasting a $1 million children’s playground and internationally renowned art paid for in part with at least $1.2 million in private funding that will supplement an estimated $1.3 million in public money to create its elaborate infrastructure.
Though not part of the official pier budget, millions more are being spent for an attraction that a market study estimates will have an annual $80
Construction work continues this month on what will become part of a sloping lawn at St. Petersburg’s new pier.