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Council approves Azalea Gateway subsidy despite environmental and affordability concerns, 6‑1
Summary
The council approved financial support for phase 1 of the Azalea Gateway redevelopment on the former Raytheon site (phase 1: 340 units; 102 affordable/workforce units) by a 6‑1 vote. Council discussion focused on environmental remediation, the project's affordability mix and a roughly $6 million city subsidy request (per council discussion).
The St. Petersburg City Council on Thursday approved financial assistance for the Azalea Gateway redevelopment on the former Raytheon site, advancing a project the city says will add housing in a long‑stalled industrial parcel but which drew one councilmember's dissent over affordability and public subsidy.
Mark Van Lew presented the plan for Phase 1: 340 dwelling units with 102 units designated as affordable or workforce housing split between 80% and 120% area median income (AMI). He told council the per‑unit project cost is about $323,024 and that the per‑unit subsidy request averaged $17,647 across all 340 units (equivalently about $58,824 per affordable/workforce unit); the negotiated affordability term is 50…
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