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St.Petersburg takes grant applications for redevelopment area

ST. PETERSBURG — Tuesday marked an opening day of sorts for the South St. Petersburg Community Redevelopment Area, which covers neighborhoods in Midtown and Childs Park.

The city began taking applications for grants drawing from the area's tax increment financing revenue, estimated to be about $470,000.

About 40 applications have come in, said Rick Smith, the city's redevelopment coordinator. That's about 10 more than he expected for the first day.

Soon, the city will convene a selection committee made up of administrators to rank the applications. Urban affairs director Nikki Capeheart cautioned that no single application is likely to get fully funded.

The committee should meet before the end of June, Smith said.

No deadline has been set for applications, which so far have been mostly for commercial improvements, Smith said.

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