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City approves 178-acre seagrass mitigation bank, expects federal credits and phased planting

St. Petersburg City Council · March 27, 2025
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Summary

City Council unanimously approved creation of a 178-acre seagrass mitigation bank using dredged material from Port Manatee, expecting about 13.4 federal credits and an estimated $1.1 million planting budget over 2026–27 with staged credit releases to help offset future development impacts.

St. Petersburg City Council unanimously approved a plan to construct a 178-acre seagrass mitigation bank intended to restore and protect meadows in Tampa Bay and create compensatory credits for future projects. The project, presented by city staff, uses dredge material supplied by Port Manatee to fill a 32-acre dredge pool and restore roughly 147 acres of seagrass meadow.

Project leads told council the work is designed to produce approximately 13.4 federal mitigation credits, which can be sold in stages to offset unavoidable seagrass impacts from other projects. Staff described a multi-step construction approach: install turbidity barriers while accepting dredged material, cap the filled area with clean sand, allow settling, then plant seagrass in 2026 and 2027 as conditions permit.

City staff said the arrangement with Port Manatee will supply the needed clean fill and yield significant cost savings compared with creating the material in-house. The city plans a dedicated, interest-bearing maintenance fund to support long-term stewardship; staff described an initial deposit sized to generate annual maintenance revenue and cover contingencies.

Officials discussed estimated costs and revenue. Staff mentioned a conservative planting estimate of about $1,100,000 spread across 2026–27, and noted an older estimate of roughly $750,000 in credit value that will be revisited as market conditions evolve. The city will release credits incrementally, with a final credit release anticipated by fiscal year 2032 under the monitoring schedule described.

Council members emphasized community engagement, signage and educational outreach, and permitting constraints including Army Corps review and manatee protections. Project staff said they will install up to 15 signs initially at known cut-through locations and will monitor impacts; additional signs would be added if needed. The project team also committed to targeted outreach for the boating community, nearby neighborhoods and stakeholders.

The motion to approve the funding for the projectand authorize next steps, including pursuing the Army Corps MBI permit, passed unanimously.