The Community Benefit Agreement program, created to ensure projects in St. Petersburg have a positive impact, has been untwined and reworked multiple times, and will continue to visit the drawing board until the language satisfies stakeholders.
The CBA applies to projects with a minimum city participation value of at least $500,000. In exchange for the city's contribution in a project, the developer must meet requirements that can mitigate certain impacts and create positive benefits for the surrounding neighborhood; however, the required equity measurements and alternative options are drawing concerns from councilmembers.
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