Treasure Island to buy office building for new city hall

The city will spend $8 million as opposed to the $21 million a new complex would cost
Treasure Island is buying the former Allied Insurance building for a new city hall. [SHEILA MULLANE ESTRADA | Special to the Times]
Treasure Island is buying the former Allied Insurance building for a new city hall. [SHEILA MULLANE ESTRADA | Special to the Times]
Published May 23
Updated May 23

TREASURE ISLAND — Residents praised the city Tuesday for their $8-million decision to buy a building to serve as a new city hall.

A year ago, the city was considering building a new municipal center in the middle of Community Center Park, a proposal that angered many residents who did not want to lose their park.

PREVIOUS COVERAGE: Treasure Island plans a new City Hall solution

Instead, the commission unanimously took the first in a series of votes Tuesday to buy the Allied Insurance building at the corner of Gulf Boulevard and 104th Avenue.

Serendipitously, the five-story building backs up onto the endangered park, a city-owned parking lot, and the city’s community center.

The $8 million is expected to cover the costs for both the purchase and renovations needed to convert it to city hall use. Additional space will be available to rent and generate future revenue.

The cost is far below the $21 million that was originally estimated cost of building a new complex — and the city will retain its waterfront site where the existing city hall is located on 108th Avenue.

A second vote and public hearing on the bond issue financing for the purchase will be held on June 4.

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