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Roundup 5-10-2024

May 9, 2024

Contents

Airport

— Amstel Flight

— CEO search

Transportation

— Of Transportation Boards

— Brightline

Ybor City/Channel District – Gasworx

USF/North Tampa

— The Claw

— MOSI land

South Tampa – Westshore Yacht Club

Economy

— Rent

— Tourism

— Hospitals

Economy/Environment/East Tampa-ish – Solar

St. Pete –  Zoning

Rays

_______________

Airport

Amstel Flight

You may have noticed that we have been mentioning our desire for this to return every chance we get and, happily, it has happened:

Tampa International Airport and Delta Air Lines are proud to welcome nonstop seasonal service to Amsterdam back to Tampa Bay starting this fall.

The route is scheduled to start October 26 and run through March 29, 2025, giving Tampa Bay travelers access to a major European hub. Amsterdam’s Schiphol Airport is home to KLM Royal Dutch Airlines, Delta’s trans-Atlantic partner and a member of the SkyTeam alliance.

* * *

Delta will fly the route aboard a 282-seat Airbus A330-300, featuring 34 lie-flat seats in its premium Delta One seating, 21 Delta Premium Select seats with wider cushions and more legroom, and 2-4-2 seating in the Comfort+ and Economy sections. Inbound flights are scheduled to arrive in Tampa during the afternoons and depart for Amsterdam three hours later for a morning arrival in the Netherlands.

From Tampa International Airport -click on picture for article

It is great to get this flight back and connect to a SkyTeam European hub. (We also like the plane choice).  The only alliance we are still do not connect to a major European hub for is One World (yes, we have British Airways, but that goes to Gatwick not Heathrow.  We would love to get Madrid, which is a One World hub as well, with Iberia even with just an A321XLR)

And while we would like to see it be year round, but, as one airline/travel website, whose writer is from here, noted:

Delta is bringing back flights between Tampa and Amsterdam as of late 2024, though the service will only operate in winter. Delta will use an Airbus A330 for the route, and it will represent Tampa’s fifth transatlantic service. I’m happy to see this route finally resume, though I wish it weren’t simply a seasonal service. But hey, something is better than nothing.

It definitely is something, and it is a way to develop more service. Good for the airport.

— CEO search

The Airport CEO search continues.

Tampa International Airport on Thursday issued an $80,000 work order tasking an international headhunting firm with guiding the board through an internal search for its next CEO. 

The Hillsborough County Aviation Authority finance committee retained Korn Ferry, a Los Angeles-based executive search firm with offices worldwide. The committee is in the process of replacing CEO Joe Lopano, who announced his forthcoming retirement earlier this year. Board members repeatedly chose to begin the search with four internal candidates.

The new CEO is scheduled to assume the role in early 2025.

Michael Bell, senior client partner in aviation and aerospace at Korn Ferry, will help TPA get to that point. Bell recruited Lopano over 13 years ago when he worked for a different firm.

“He’s the best in the business,” Lopano said. “Everyone in the business knows him.”

Among other services, Bell will provide guides to board members before they conduct one-on-one interviews with the four internal candidates this fall. One-on-one interviews aren’t subject to Florida’s Sunshine Law, unlike gatherings of more than one board member. When Bell speaks to one airport board member, he can’t relay information from another.

Honestly, as we have noted before, this is a bit bizarre.  The Board is going to pay someone to give the Board questions to ask the four people who work at the Airport and whom the Board presumably already knows and has seen working up close. But anyway,

According to the timeline presented by Bell, the CEO selection committee will recommend a candidate at its September meeting before a full board vote in October. A transition plan would then be generated from November through January before the new CEO takes over in February 2025. All dates are subject to change.

Hopefully, they can make the right choice.

Transportation

— Of Transportation Boards

There was news about the possible make-up of the often discussed board of local transportation boards:

The Hillsborough County Transportation Planning Organization has recommended that transit agencies hold non-voting roles on Tampa Bay’s future regional transportation board.

Apportionment discussions regarding the planned three-county organization are in the early stages, but Hillsborough leaders wanted to make a recommendation ahead of a discussion next month with Pinellas and Pasco leaders. The only dissenting vote on Tuesday was Tampa City Councilmember Lynn Hurtak, who said the move would signify that transit isn’t a priority.

The three transit agencies serving Hillsborough, Pinellas and Pasco counties have voting representation on their counties’ metropolitan planning organization boards. Merging the MPOs, which will take years, is seen by some as a way to secure more funding for important projects — but that isn’t guaranteed.

A merged planning organization, which can have no more than 25 voting members, could still include Port Tampa Bay and Tampa International Airport. Hillsborough leaders have signaled they want to see them retain their spots but not be counted as Hillsborough-specific representatives due to their regional importance.

We are not sure how we feel about that.

The regional model will take some fine-tuning. Hillsborough TPO Executive Director Johnny Wong and some staff members recently met with MetroPlan Orlando, a regional planning organization that covers Orange, Osceola and Seminole counties.

“I thought that was a very productive conversation. … You will definitely see some changes to our public engagement because what they’re doing is quite innovative,” Wong said. “They’re a staff smaller than ours, and yet they cover three counties. They really rely on digital engagement.”

Well, the first lesson they should learn is that Orlando officials are not a shall we say sensitive about their territory as our local officials. Another is that, if you just look at the members listed on the MetroPlan Orlando website, you notice that their transit officials appear to be voting members.  Of course, they don’t need three seats for that because they share a transit system. Those wacky Orlando folks.

Honestly, we are more concerned with voting representation being weighted by population to provide at least the possibility proper representation. And even more importantly, as our history has shown numerous times, you can rearrange the chairs all you want, but nothing will change until our local politics – which created and/or sustain the persistent issues – change.

— Brightline

The Times ran an article on Brightline.

On a Wednesday morning last month, a group of senior city staff and business leaders huddled with Mayor Jane Castor to discuss the status of connecting Tampa and Orlando with high-speed rail.

The meeting came about six weeks after Florida lawmakers decided not to include a requested $50 million to spur rail expansion process along Interstate 4. Florida Gov. Ron DeSantis later said at a news conference that taxpayers wouldn’t be “on the hook” to pay for construction by private operator Brightline.

Castor wanted an update on what’s next.

“I’m excited by the progress that’s being made to bring Brightline to Tampa,” she later said in a statement to the Tampa Bay Times. “The stakeholders involved are committed to making this route a reality and to overcoming any challenges presented by an infrastructure project of this scale.”

Among the attendees of the mid-April meeting, a familiar face: Bob Buckhorn, the two-term former Tampa mayor and Castor’s predecessor

* * *

Buckhorn, who left office in 2019, is now a vice president at public affairs group Shumaker Advisors Florida and accompanied Brightline leadership to the meeting.

Brightline is Shumaker’s client, Buckhorn said. The firm handles public affairs and communications for the train operator, he said.

So, the Mayor and the former Mayor, now essentially lobbyist, met.  Other than that Brightline is raising prices for their multi-ticket packages, did we learn anything?

Station locations in both Tampa and Orlando have yet to be announced.

* * *

Meeting attendees have otherwise been mum on discussion details.

Setting aside form that the rhetorical confusion of what transit is continues (and note: it already has a stop at Orlando airport and there are no plans to go to Orlando proper.  The missing “Orlando” station location is probably the theme park location.), not much.

Ybor City/Channel District – Gasworx

Another building in Gasworx seems to be moving forward:

The developers of Gasworx have landed a construction loan for the district’s next apartment building.

A corporate entity linked to Washington, D.C.-based Kettler and Ybor City developer Darryl Shaw secured a $70.76 million construction loan from CIBC U.S., according to a mortgage filed May 3 in Hillsborough County. Kettler and Shaw are joint venture partners in Gasworx, which is between the Channel district and Ybor City. At completion, Gasworx will span 5.9 million square feet across 34 acres — generally north of Adamo Drive, west of North 15th Street, south of East Fifth Avenue and east of East Scott Street.

The loan will be used for a 390-unit apartment building with 8,000 square feet of street-level retail space. It is scheduled for completion in early 2026. It will rise south of La Union, the first apartment development in Gasworx, which broke ground in early 2023. La Union has 317 apartments and 2,500 square feet of retail space.

 

From the Business Journal – click on picture for article

From Gasworx – click on picture for website

This building is along the Nuccio Parkway south of the buildings being built (those buildings are on the right side of the full Gasworx rendering) with the retail mostly on a side road, which is not optimal in our view, but may work out OK. We will have to see how the whole thing comes together with the other elements of the development.

USF/North Tampa

— The Claw

A while ago we discussed the former golf course at USF, known as the Claw, and how USF should save the land for future use rather than develop it.  There is enough land in private hands around USF for entertainment districts and what have you.  Well,

The University of South Florida is seeking proposals from real estate developers to transform The Claw, the shuttered golf course on its Tampa campus, into a mixed-use district more than twice the size of Water Street Tampa.

USF on Friday issued a two-phase invitation to negotiate for the 120-acre property — one that does not include a university-owned forest preserve. In 2021, USF issued a request for information for 769 acres that included The Claw and a university-owned forest preserve. The RFI process ended in 2022, and USF closed The Claw in September 2023. The university said The Claw was losing as much as $200,000 annually when it closed in 2023.

Developers must submit qualifications for the project in the first round of the ITN. Responses are due July 24; USF will post its short list of developers Sept. 4; and the second phase will begin at a date to be determined. Late 2025 is the earliest construction might begin, university officials said. The project requires Tampa City Council’s approval of a land-use amendment, and a hearing on the matter will be held later this summer.

Eric Eisenberg, senior vice president for university-community partnerships, told the Tampa Bay Business Journal that USF considers The Claw property “a north gateway to the campus.”

“Whereas in the past we’ve thought of Fletcher Avenue as a boundary to the university, in fact, Fletcher Avenue runs through our campus,” Eisenberg said. “And so our idea is to extend the campus into that area and to create a mixed-use, walkable environment with entertainment and dining.”

That is not really extending campus.  And looking at the map, it is clear the Claw is not really a gateway.  It is a boxed in piece of land that is much more north-south than contacting the university and with no major access to roads except Fletcher (unless you are Tom Sawyer).

From the Business Journal – click on picture for article

The mixed-use, vibrant development USF officials envision on The Claw is exactly the type of project business and civic officials have been trying to encourage along Fowler Avenue — the main gateway to USF — for the better part of a decade. Some parts of Fowler Avenue span as wide as eight lanes, and the area developed in a suburban nature with no regard for pedestrian safety. Revitalization efforts have been slow going.

The Claw’s redevelopment plans are one way for USF to give its students the type of walkable, cohesive college experience that’s missing from the Tampa campus. But officials said they don’t view it as giving up on Fowler or competing with the plans underway there, like the ongoing redevelopment of the former University Mall.

That’s all well and good, but the location is not. College towns are not made by isolated destination entertainment centers.  They are made by having a town around a campus.

And using public land for an entertainment complex is questionable.  And, if you look at the map, it is really not that accessible from most of campus.  If the school wants a improve the campus, it should eat up some of the surface parking lots all over the main campus and redevelop them.  Or maybe the “research park”. This is all especially true given the obvious competition that will come from the University Mall redevelopment and the next item.

— MOSI land

There are two proposals for the MOSI land:

Two teams have submitted mixed-use development proposals for the 67 acres surrounding the Museum of Science and Industry in Tampa’s Uptown district.

Hillsborough County released a request for proposals for the property in late 2023. Submissions were due in February. An initial evaluation of the proposals was held April 26, the county’s procurement services department said through a spokesperson, and oral interviews with both teams are scheduled for May 6.

The RFP specified that MOSI would remain on its 7 acres and that the county was seeking development ideas for the land surrounding the museum. Real estate developers have been slow to embrace the Fowler Avenue corridor despite the area’s economic powerhouses, such as the University of South Florida, Moffitt Cancer Center and James A. Haley Veterans’ Hospital. New York-based RD Management has been working for a decade to redevelop the former University Mall’s 100 acres, and there’s an ongoing push by business and civic leaders to rebrand the area as Tampa’s Uptown district.

The first proposal: Alliant Partners

The Alliant Partners team envisions MOSI as home to a research and development community for technology companies with a focus on hospitality and sustainability. The proposal includes full- and select-service hotels, medical uses, food and beverage concepts, workforce housing, multifamily real estate, retail space, education space and more.

“This will be an entire community where locally generated technology, startup companies or research and development wings of national corporations can beta test their products to get crucial insights before finalizing the versions that will enter the general marketplace,” the team wrote in its proposal.

 

From the Business Journal – click on picture for article

 

From the Business Journal – click on picture for article

The second proposal: RGA team

The RGA team proposes a three-phase development plan: research, workforce housing and hospitality. The research phase will be built between 2025 and 2027; the workforce housing will be built from 2027 to 2029; and the hotel will break ground in 2029.

Transit-oriented development is also a major focus.

“The development of the MOSI site has significant potential as a transit-oriented development,” the team wrote. “The historic rail corridor, with potential connectivity to downtown Tampa (and beyond), offers a major and unique opportunity as a potential terminus station servicing the Tampa Innovation District (aka iP) and the entire northern Tampa/sough Pasco region. It has the potential to serve as a multimodal hub and catalyst for this mixed-use project.”

 

From the Business Journal – click on picture for article

You can see the members of each team in the Business Journal article.

There is not a lot of detail in the Business Journal article, but from the information in it, we are not really inspired by either proposal, but the RGA proposal at least has some logic and order to it (though there is a lot of surface parking, which is not so good). And the RGA proposal purports to attempt to build an actual urban development (but there is all that surface parking).  Aside from the road through the building (which probably would get value engineered out), the Alliant proposal looks rather scattered and boring.

But, other than thinking neither one is very interesting, we would need far more detail to develop a stronger opinion.

South Tampa – Westshore Yacht Club

The not on the water condos of Aqua at Westshore Yacht Club are moving forward:

A three-tower condo project in the Westshore Yacht Club will celebrate its groundbreaking next week.

Construction on the 77-unit Aqua began in April. A groundbreaking ceremony will be held May 9. Prices start at $1.5 million, and 40% of Aqua’s units have been presold, according to Smith and Associates Real Estate, which is marketing the condos for sale.

The developer is Westshore Group LLC, led by Miami developer Eddie Avila. Coastal Construction is the general contractor. The tower’s 6.1-acre site is the last vacant parcel in the Westshore Yacht Club.

 

From Florida YIMBY – click on picture for article

While the buildings are not actually on the water, we find it impressive how the architect hearkened back to the classic late 70s/early 80s Florida retirement condominium vernacular.

Economy

— Rent

The Times had a Bloomberg story on rent which told us this:

Nationwide, rents climbed 30.4% while incomes expanded 20.2% from 2019 to 2023, data from Zillow, StreetEasy and the Bureau of Labor Statistics show. Florida, a migration hot spot, had some of the most dramatic differences — Tampa and Jacksonville have seen rents surge more than three times quicker than wages.

And that does not include everything else people have to pay for.  Keep that in mind when you hear rents inched down a bit or wages inched up a little.

— Tourism

As you might expect given a solid tourist industry statewide (and even nationwide) and inflation:

Tourism continues to boom in Hillsborough County. And the numbers, officials say, prove it.

According to a report released Wednesday by Visit Tampa Bay, tourist development tax collections jumped 7.3% to $7.28 million in February when compared with last year and 21% when compared with 2022.

That is the second highest month in the history of the county, the tourism group says in the statement. The previous high was March 2023 when $7.79 million was collected.

* * *

Visit Tampa Bay reports the occupancy rate in Hillsborough was 81.5% in March with the average daily rate hitting $193.96 and revenue per available room coming in at $158.12.

CoStar’s most recent hotel report issued April 25 found that for the week ending April 20, occupancy nationwide was 66.8%, the average daily rate was $158.60 and revenue per available room (RevPar) was $105.94.

That is solid. We are not sure how it compares to other tourist areas in the state and country, but it is solid.

— Hospitals

There was an interesting article in the Times recently:

No Tampa Bay hospitals received a failing grade for patient safety but two, including Tampa General, got a C in new rankings released this week by Leapfrog, a national independent nonprofit.

The region’s only Level I trauma center, Tampa General scored below average in more than half a dozen categories, including blood and sepsis infections, surgical wounds splitting open and patient falls and injuries.

Orlando Health Bayfront Hospital rose to a B grade, its highest mark since it was acquired by Orlando Health in 2020. St. Joseph’s Hospital, part of BayCare, in Tampa was rated A.

Three HCA facilities in Florida slipped to D grades, including HCA Florida Citrus Hospital in Inverness. HCA Florida St. Petersburg was ranked C.

Overall, Florida hospitals ranked 13th in the nation for patient safety. For the first time, Leapfrog also assessed metropolitan areas with the Tampa Bay region ranking 16th with roughly 55% of hospitals receiving an A.

* * *

Tampa General has received a C in four of its past five rankings. In May 2023, officials said the hospital’s leadership team intended to adopt an “aggressive” plan to meet Leapfrog’s updated best practices and bring the hospital to an A rating.

What does that mean?  We are not sure.  We do not know how to judge the veracity of the report, though they say they have experts in patient safety and list a bunch of people which you can see here and we are told this:

Leapfrog began ranking hospitals more than a decade ago in an effort to reduce the more than 200,000 yearly deaths from hospital errors and injuries by publicly recognizing safety and exposing harm. It ranks more than 3,000 acute-care hospitals across the U.S. twice a year on how well they keep patients safe from preventable harm and medical errors, using more than 30 performance measures that hospitals report to the the Centers for Medicare and Medicaid Services.

You can read it here.  Do with it what you will.

Economy/Environment/East Tampa-ish – Solar

The Business Journal had an article on Citi’s installation of a lot of solar power generation at its campus.

Citigroup Inc. will power a portion of its Tampa campus with a new rooftop solar project.

The bank recently unveiled an array consisting of 2,470 solar panels on the roofs of five different buildings covering 70,000 square feet. The panels are estimated to save Citi 10% in energy costs, according to spokesperson Sterling Ivey. He declined to provide the installation price.

* * *

The solar panels were installed as part of a larger roof replacement project where Citi replaced each building’s roof and added solar during the build-back, according to a spokesperson.

Citi (NYSE: C) expects the array to generate 100 kilowatts of power and save 526 metric tons of carbon emissions per year. It’s the largest such project in Citi’s global real estate footprint, with the second largest being in Nigeria.

We think it is a great idea.  Far more big box/big roof area buildings should have solar arrays.

Tampa Mayor Jane Castor applauded Citi’s project.

“Your commitment to sustainability through the recent solar roof project … sets a powerful precedent we hope others will follow,” she said.

That was the only quote in the article from a government official, and it is fine as far as it goes. It is just kind of odd because the Citi complex is not even in the City.

St. Pete –  Zoning

As we discussed a while back, in the wake of SunRunner opening, St. Pete was looking at changing its zoning to take advantage of transit, provide more housing, and generally get more urban.

St. Petersburg building officials recently approved long-awaited land-use changes that increase density and development opportunities in industrial-zoned areas around the region’s first bus rapid transit service.

The city’s Development Review Commission (DRC) unanimously approved code amendments May 1 that create a Target Employment Center zoning overlay around the 22nd Street South corridor and the Warehouse Arts District. The vote followed years of studies, planning and community engagement.

The city council must approve a plan that stakeholders believe will transform an underutilized area into a thriving urban environment. Commissioner Tim Clemmons said he admired their “sincere efforts” to create something “really special.”

“We’re moving towards creating a district here that’s not unique in the country, but it’s pretty rare,” Clemmons said. “This idea of not just combining living and shopping but also working in a way that, I think, is reflective of a 21st-century economy. That is really exciting to me.”

It is not that rare in places that have actually planned decently, but still it is a good step. Things like this:

City documents state that the target employment center designation will “provide provisions to incentivize and retain small-scale manufacturers and artisan uses and address continued need for industrial and warehouse space.” Benefits include increased floor area ratio (FAR) and height allowances and reduced parking requirements.

Derek Kilborn, urban planning manager, said the zoning amendments would increase land-use flexibility around 22nd Street South, known as the Deuces, and the Warehouse Arts District. The changes support artists, homeowners wanting to build accessory dwelling units and myriad commercial developments.

The SunRunner Rising Study recommended allowing up to five-story buildings in the area. Planning officials increased the maximum height to 86 feet due to stakeholder feedback.

Kilborn said that would accommodate an eight-story building with ground-floor target employment uses that require higher ceilings. He explained that minimal setback requirements would foster a “more pedestrian-activated space with urban-like frontages to 22nd Street and the Pinellas Trail.”

Kilborn said design and streetscaping standards will increase connectivity. The amendments permit temporary commercial uses, including food trucks and roadside vendors. “This is expanded to allow different art and other types of products that might be manufactured on-site as part of the district, and those target those target employment uses,” he added.

While we did not analyze every detail of the plan, we are generally for allowing more density. It is good they increased it from the initial ideas. As for all the details, you can read the article here.

We will see what the City council does, and we look forward to hearing about other changes in other parts of town.  Maybe, someday Tampa will actually do something.

Rays

This week’s Rays news is here, here, here, here, and here.

And there is an interesting article comparing ballpark hot dog prices here.

Roundup 5-3-2024

May 2, 2024

Contents

Downtown/Channel District – Water Street, Phase II

Transportation

— Gateway Express

— Downtown Shuttle

Downtown/Governance – Parking

Governance/Politics/South County – Back to the Future

Westshore – Soon to Be Former Plaza

Downtown

— Encore

— Union Station

Tampa Heights – YMCA

Economy — Home Prices

Rays

Meanwhile, In the Rest of the Country

— The Other Brightline

— Nashville

_____________________________________________

Downtown/Channel District – Water Street, Phase II

The next phase of Water Street was announced, sort of.

Water Street Tampa’s second phase will look quite different from its first.

Water Street developer Strategic Property Partners on Monday revealed plans for the district’s second phase, which has been in the works for several years. Conceptual plans for three buildings were unveiled Monday: a condo tower; office space that will be custom-built for a major tenant; and a mixed-use space for a hotel and entertainment concepts including a “live performance venue.”

SPP did not reveal details of the buildings, such as square footage, height or number of units. The condo tower, SPP said, will be Water Street’s tallest building — in other words, over 26 stories, the height of apartment tower Heron and the Tampa Edition.

The buildings won’t go vertical before spring 2025 when infrastructure work is complete, SPP said.

As you will see below, it is still in the works. But, first, what they said:

The office and condo buildings will be built north of the 900 and 1000 blocks of East Cumberland Avenue. The entertainment venue will be built across Channelside Drive from Amalie Arena and include a “select service hotel, an event parking garage and a variety of entertainment-oriented uses,” SPP said.

 

From the Business journal – click on picture for article

A noted in the Times article:

The offices and the condo will be located north of the 900 and 1000 blocks of E. Cumberland Ave. The office building will feature retail on the ground floor.

That implies that the condo building will not have retail which, if true, would be unfortunate.

But let’s look more closely at each of the three buildings, starting with the office building:

In a major departure from Water Street’s first phase, SPP won’t build office space speculatively this time around — Thousand and One broke ground without any tenants in place in 2019. Instead, Monday’s announcement is essentially a pitch to companies that may be looking for large blocks of contiguous office space in a mixed-use environment like Water Street’s.

Kohn Pedersen Fox completed the tower’s conceptual design, SPP said.

Conceptual renderings released Monday show an office tower similar in size and scale to Thousand and One, which is 375,000 square feet. SPP officials did not specify how much of the new building would have to be pre-leased before beginning construction.

Moreover

Cooke said the office tower shown in conceptual renderings released Monday is around 400,000 square feet, but it could be bigger or smaller, depending on a tenant’s needs. It’s too soon, Cooke and Taube said, to say whether they would build a multitenant building anchored by the corporate relocation or a corporate campus solely for that tenant.

In other words, the rendering provided is just a conceptual drawing of something that may or may not be built, and, if an office building is built, it may or may not be anything like the rendering.  It is not a planned building in the normal sense of the word.  That being said, here’s the pictures:

 

From the Business journal – click on picture for article

From the Business journal – click on picture for article

That building looks nice enough, but, as we said, it is just a drawing. As for who will go in it (theoretically):

In 2014, when revealing the earliest plans for what would become Water Street, former Lightning CEO Tod Leiweke told reporters that his team was working to lure a headquarters relocation to Tampa. Shortly after, Vinik and former Mayor Bob Buckhorn began a series of national media appearances to pitch Tampa and the forthcoming district.

Just two years later, former SPP CEO James Nozar told reporters that the developer expected to announce an anchor office tenant by year’s end. In early 2016, Water Street was rumored to be in the running for a 1 million-square-foot office campus for Citigroup Inc. By year’s end, Citi had purchased suburban office space, ending speculation that it would relocate to Water Street.

With phase one complete and Water Street’s sidewalks brimming with residents, office workers and tourists, SPP can make a much different pitch to potential office tenants than the development teams that worked on the project in the mid-2010s. Today’s iteration of SPP is a real-life example of its success and ability to develop office space. The retailers, restaurants and hotel rooms that make up Water Street’s amenity package already exist.

That sales pitch did not work out as planned.  But, as noted elsewhere in the article, is it possible that with the Water Street product a little clearer, a pitch might work better.  On the other hand, there are still a number of other “hot” cities vying for all these businesses.

Moving onto the condo building, it is more a planned building in the traditional sense, but apparently fully planned:

SPP does not yet have a number of units or potential pricing for the condo tower it unveiled Monday. Branded residences bearing a luxury flag are under consideration, Cooke said. SPP is also looking into smaller floor plans that may be an option for middle-market condo buyers.

Here are some renderings:

From the Business journal – click on picture for article

From the Business journal – click on picture for article

As noted above, the condo will be the tallest building in the district (though, of course, height is measured in units of distance, like feet or meters, not floors.  Floor heights vary for a variety of reasons.)

The final proposal announced will go where the very cool proposal for an office building (400 Channelside) was supposed to go:

Across Channelside Drive from Amalie Arena — and across South Jefferson Street from Yard House — SPP envisions a mixed-use, entertainment-geared development that will include a hotel, entertainment uses and a parking garage.

“We look forward to capitalizing on the energy and draw of Amalie Arena while creating a preeminent retail and entertainment destination for the Tampa region,” Taube said in a statement. “This dynamic project, complete with new restaurants, retail, live performance venue and a hotel, will build on the vibrant atmosphere at Amalie Arena by providing a complementary and unique experience.”

Moreover,

“We took some cues from places like Nashville that have a lot of that energy,” he said. “I think that Tampa as a whole region would greatly benefit from it.”

That is all marketing speak with very few details, so we cannot real speak to anything other than the idea of a cluster of “entertainment venues”, but we will see when they actually present what they want to build.  Until then, we are not going to worry about it, except to stay that many cities have entertainment venues in and around other development and not in stand-alone, purpose built clusters (say Nashville, for instance. Then again, Nashville did not bulldoze almost all of its old downtown fabric and turn it into surface parking).  That is kind of what being in a city is about.  Not that we are against have a vibrant area with lots to do, but purpose-built entertainment clusters are tricky and often disappointing. Once again, we will have to see the details.

Going back to the map and Meridian, we are not sure why the buildings do not go up to the sidewalk/trail.  The map indicates green space, but is that a lawn/park (whether activated or dead space like Pierhouse) or a retention pond (like at Towers of Channelside)?  Depending on its treatment, it may make a difference. (Were the train tracks and the potential for transit removed just for a lawn or retention pond?)

All in all, the only thing we can say is that there is a proposed condo tower that is not bad looking.  The rest, while seeming to keep with the basic themes of phase 1, is all very vague.  Hopefully, we will get more details soon.

Transportation

— Gateway Express

The Gateway Express is finally open.  From last week:

ST. PETERSBURG — The Gateway Expressway project — the yearslong, oft-delayed effort to reshape a critical part of Tampa Bay’s traffic flow with toll roads and express lanes — will finally open to the public Friday, more than six years after construction began, the Florida Department of Transportation said Tuesday.

 

From St. Pete Catalyst – click on picture for article

AS is not secret, we do not like the variable rate express lanes (the map seems to indicate right now there is not variable rates on the express lanes, but the FDOT website says otherwise).  However, the rest of the project should have been done long ago.  (Much like the non-existent northern east-west road.)

— Downtown Shuttle

We have been wondering how the downtown shuttle using Teslas that replaced the Downtowner is doing.

It’s been almost six months since the Tampa Downtown Partnership launched an all-Tesla rideshare service for the urban core — and so far, its numbers are less promising than the partnership’s previous shuttle operation.

DASH (Downtown Area Shared Hubs) has accommodated about 80 trip per day, but each trip can include up to four passengers. As of April 21, here are the ridership numbers:

So far, that’s fewer passengers per day than what the Downtowner accommodated until that shuttle service folded in 2021.

However,

The Tampa Downtown Partnership still sees DASH as a success.

We tend to think moving fewer people per day is not a good way to replace a transportation service.  But success is performance relative to goals and we do not know the Downtown Partnership’s goals, so maybe it is a success to them.

Downtown/Governance – Parking

Which brings us to this:

Downtown Tampa’s parking needs are changing post-pandemic.

The Tampa Downtown Partnership recently conducted an inventory of the urban core’s parking spaces — its first such study since 2019 and the first to include all seven downtown neighborhoods.

The organization broadly inventoried 32,135 parking spaces but actually counted only 28,968. Future work will include tallying the parking capacity at Port Tampa Bay, the University of Tampa and other destinations.

The analysis found that more than 10,000 parking spaces were open during peak times — a sign that commuting trends have indeed changed in the age of hybrid work. Parking demand is down from 2019 across all major parking areas except Fifth Third Center. The occupancy in the Royal Regional lot — slated to become part of a housing project — plummeted 51% from 2019 to 2023.

More interestingly for us is this:

“It’s no secret Tampa’s downtown is growing. From 2010 to 2020, the area more than doubled its resident population,” Karen Kress, senior director of transportation and planning for the Tampa Downtown Partnership, said in a statement. “According to the Parking Reform Network, 29% of land in Tampa’s central business district is used for parking, so this issue connects to every aspect of downtown’s future. This study continues our ongoing work at the Tampa Downtown Partnership to provide property owners, developers, planners and city officials with information that will help them with the challenging decisions they’ll be making to manage this growth.”

Of the spaces counted, 12,795 were in private parking garages and 7,508 were in private parking garages. There were 5,860 private surface lot spaces counted and 2,581 in public lots.

29% of the land is used for parking. And the majority of parking spaces are in private hands.

Anyone who has looked knows there is a lot of land banking with surface parking lots going on. It seems that those spaces may not be needed.  It is well past time to change how those surface lots are (not) taxed to incentivize using the land productively.

Governance/Politics/South County – Back to the Future

A couple of weeks ago we wrote about the proposed “renewal” of the CIT and we said this:

So, what is the plan for the money?  It is not clear, but we would not be surprised if it is mostly roads in South County.

Well,

A new proposal would push road projects in the southeastern Tampa suburbs to the top of Hillsborough County’s transportation funding priorities.

The Hillsborough County Board of County Commissioners is weighing an expansion to the urban service area in the Balm/Riverview area and Wimauma area. That means it would begin providing the kind of infrastructure people expect in an urban area — including water, sewer, stormwater and transportation infrastructure. That’s an expensive proposition in low-density areas, where the taxes generated don’t cover the long-term construction and maintenance costs.

If the urban service line spreads east and south, Commissioner Michael Owen wants to see roads in the newly expanded area receive priority over all other transportation projects. His motion passed at a March meeting 4-3 to request the Hillsborough Transportation Planning Organization make that change when deciding which projects to fund.

The TPO board didn’t take action but had a spirited discussion, with several members scorning the idea. Owen told the Tampa Bay Business Journal he plans to bring the topic up again at a May 1 meeting, expressing surprise at what he felt to be unprecedented pushback.

We get it.  The Commissioner serves South/East County and, in the tradition of Hillsborough Commissioners, he is not going to make the developers pay for the cost of their developments.  He wants the taxpayers to do it.

“That’s how I took it,” Owen said. “I’m just going off what seemed to be the sentiment of the TPO board. … I understand it to a point, but I think they’re making it a bigger deal than it is. It’s really just smart growth.”

Actually, filling in the service area with density and good infill is smart growth. Having developers (rather than taxpayers) pay to develop outside the urban service area is smart growth. Sprawling ever farther is not smart growth, at least not if your priority is the taxpayers and efficient use of land (not to mention taking care of all those unfunded transportation needs that already exist).  His plan is simply subsidizing more sprawl.

On April 15, TPO director Johnny Wong wrote a letter of response to commissioners, along with Hillsborough’s Director of Community and Infrastructure Planning John Patrick and other county leaders.

“Staffs of Hillsborough County, the Planning Commission and TPO are already working together to study the expanded urban service area, and we strive to ensure that our Transportation Improvement Program prioritization methodology reflects both the existing needs of our communities as well as the forecasted needs of our rapidly growing county,” Wong wrote. “We look forward to your continued partnership.”

* * *

“It’s the big failure of the previous board in east and south county,” Owen said. “We didn’t make any road improvements. We just built homes.”

Actually roads were built (as noted here, for instance).  However, there was a big failure. The area was poorly planned with the vast majority of traffic forced on a limited number of arterial roads with almost no other connecting roads (as opposed to a well-connected grid).  It is basically intentionally creating bad traffic and, in typical poor Tampa Bay planning form, there are no alternatives to driving.  And nothing we have seen for any development so far changes this failed limited arterial road model.  Putting money into that model is simply subsidizing the more failure at the expense of the people already residing in Hillsborough County, including the majority that do not live in South County and also have quite a bad road and transportation network.

If developers want to develop outside the urban service boundary and pay to connect to their developments, fine with us. And, in fact, that’s what impact fees are for: to pay for the impact of new development.  Of course, being outside the boundary makes the impact more expensive. The County should charge them for that expense and taxpayers should not be on the hook.  However, the plan he presents now is nothing new. It’s the same old sprawl subsidy that got us into the transportation mess we already have.  Repeating that pattern will never cure the problem.

Westshore – Soon to Be Former Plaza

The demolition of Westshore Plaza took another step forward:

The comeback of Tampa’s Westshore Plaza took a big step forward on Thursday. The City Council approved a plan that will allow the owner of the landmark shopping mall at Westshore and Kennedy to knock down most of what is there, and start fresh.

“Tampa is changing. Tampa is growing,” said council chair Guido Maniscalco.

The Ohio-based developer, the Washington Prime Group, plans to knock down everything except the Macy’s and the adjacent parking lot. In its place, they will build 900,000 sq. ft. of stores.

We would not say the plan is a plaza comeback (at least we hope it is not).  It is a replacement.

From the Times – click on picture for article

The full project breakdown includes:

“The redevelopment project will likely be completed in phases,” a spokesperson for Washington Prime Group wrote in an email to the Tampa Bay Times. “There is no definitive timeline for construction as of yet.”

So far, no demolition permit has been filed.

Like all projects of this nature at this stage, that is all subject to change.  The final product might look like the rendering (though we assume it will not be quite as blurred), but there is a really good chance it won’t. Hopefully, it will not end up being a big empty lot for a long time or a bunch on one story big boxes and outparcels. Market forces would seem to be against that prospect, but you never know what might happen (especially when they are throwing around odd ideas like a hospital). We will just have to wait and see. . . probably for a while

WestShore Plaza’s ambitious redevelopment plans have received final approval from Tampa officials — but a wrecking ball likely isn’t in the property’s immediate future.

* * *

WPG controls over 50 acres at the intersection of Westshore and Kennedy boulevards, between the existing mall and surrounding properties it has assembled, including the former Sears box, a Bank of America branch and Seasons 52. A redevelopment of the Sears box was rumored as early as 2015. The first iteration of redevelopment plans went public in 2018; plans were withdrawn and resubmitted; the most recent approval makes it possible to add medical uses to the property. Macy’s Inc. owns its department store at WestShore Plaza and has announced no plans to close or sell the property, even with more than 100 store closures in the works nationwide.

Maybe, a long time

A spokesperson for WPG provided no new information on the project, responding to questions with a statement first released in August 2023. The project team includes legal representatives Truett Gardner and Tyler Hudson of Gardner Brewer Hudson PA; arborist Dark Moss; civil engineer Kimley-Horn; architect Nelson Worldwide; and traffic engineer Randy Coen.

“The redevelopment project will likely be completed in phases,” WPG’s 2023 statement said. “There is no definitive timeline for construction as of yet.”

WPG emerged from bankruptcy proceedings in 2021, shedding nearly $1 billion in debt. But it’s unlikely the REIT would pursue the WestShore Plaza redevelopment on its own, said Tyler McRae, senior vice president and Tampa market leader for SRS Real Estate Partners.

We do not mind waiting a bit if it brings a good, urban, walkable development. (And “good” includes providing some protection from the elements like awnings so people actually want to walk around. There don’t seem to be any in the rendering, but admittedly it may be too blurry to tell.)

Downtown

— Encore

There are some more renderings of the proposals for Lot 5 and Lot 12.

For reference:

From Florida YIMBY – click on picture for article

Here is Lot 5

From Vilatic at SkyscraperCity – click on picture for post

From Vilatic at SkyscraperCity – click on picture for post

The part facing Nebraska (east view) is not bad.  However, the west view is quite poor. Sadly, is seems to be yet another building with poor-to-no garage screening (it is so common it almost seems as if it were a city regulation).  Street interaction is nonexistent.  And, if that were not enough:

Here is Lot 12

 

From at SkyscraperCity – click on picture for post

 

From at SkyscraperCity – click on picture for post

The southwest view gives you the same dead street frontage as the Lot 5 proposal.  There may be some garage screening, but it does not seem to be enough to even cover up the garage in the rendering. There is no street interaction.  Moreover, depending on the use of the lawn, the Nebraska frontage may also have pretty much no street interaction except at the corners. The purpose of the lawn is not clear in the drawings.

It seems that the developer is planning on Blanche Armwood, the street just west of Nebraska, being quite dead. Unfortunately, having a long, relatively narrow, mostly dead street is not a really good way to build a solid walking neighborhood.

We have said, and we maintain, that these proposed buildings are better than the first phase of Encore! (which had some very unambitious designs). At least the new buildings have real density. However, that does not mean that they could not be better.

And, because unfortunately we cannot build underground, the City really needs to address screening garages.  It is one thing to be a “pro-development” government.  It is another to not have any standards.

— Union Station

Meanwhile, a few blocks away:

Tampa City Council has approved the allocation of another $1.5 million for a planned renovation of Tampa Union Station.

The 112-year-old train station, home to daily Amtrak service, needs upgrades to its windows, doors, restrooms and more. A maximum of $4.08 million in downtown Community Redevelopment Area funds can now be used for the project.

The contractor, Lake Mary-based The Collage Cos., determined during design that construction costs will now “approach or exceed” $3.8 million. The company recently reached the 60% threshold for design, according to a city council resolution.

We are glad this is moving forward.  A bit more alacrity in getting the work done would be nice, though.

Tampa Heights – YMCA

We now have a time for the recently initially approved  YMCA redevelopment to break ground:

The redevelopment of Central City YMCA’s property in Tampa Heights will begin in the first quarter of 2025.

Hopefully this will actually be the date. We shall see.

Economy — Home Prices

We all know local home prices have shot up, but just how fast?

Home prices are doubling faster than usual, and the trend is more pronounced in the Sunshine State, according to a new study by real estate data company Point2.

* * *

While Detroit saw home prices double at the most rapid rate — it took 4.9 years there — Florida and Arizona are home to the most markets with rapidly rising home prices, according to the study.

Home prices in Miami and Tampa have doubled since 2018, the study shows. On par with these two cities are Baltimore and Spokane, Washington, which also saw prices double in the last six years, possibly driven by investor interest and urban revitalization efforts, according to Point2.

In Jacksonville, Orlando and St. Petersburg, prices have doubled within six to eight years.

In Jacksonville, Orlando and St. Petersburg, prices have doubled within six to eight years.

 

From Business Observer – click on picture for article

We admit there are some rather surprising locations where prices have shot up, but, for our purposes, that is irrelevant. What matters is how it has become far harder to buy a house here.

The Report is here.

Rays

This week’s Rays news is here, here, and here.

In further news, the Rays released their City Connect alternative uniforms which were kind of interesting because, first, unlike the regular Rays uniforms, they actually say Tampa Bay.  Second, there is a kind of cool alternative Ray logo with the Skyway in it.  Third,

The logo also pays homage to skateboarding publications and street art. Walsh noted the region has been a hub for the sport and its surrounding culture since 1979 when the publicly funded Bro Bowl Skate Park opened in Tampa.

He said the annual Tampa Pro event, now in its 30th year, is the nation’s longest-running skate competition. “It’s also the most exclusive … It’s been compared to the Wimbledon or Masters of skateboarding,” Walsh added.

He explained that the often-untold story intertwines with several other local creative outlets. Walsh said the team wanted to celebrate “daring, defiant expression” and the intersection of individuality and inclusivity.

Plus

“Tampa Bay has kind of maybe under the radar become the East Coast capital of skateboarding,” he said.

Skateboarding touches are included in the design, such as grip tape texture in the jersey numbers and underbill of the caps. Skateboarders, videos and images of the sport, and ties to the Bro Bowl will be featured in marketing campaigns. Skateboarding-related giveaways are planned. A skateboarding charity event will be held Aug. 10 at Tropicana Field. And all, they feel, done authentically.

What is so cool about that, not only does it honor skateboarding, but even more importantly it continues the Tampa tradition of unnecessarily demolishing something then honoring it (One of the biggest examples being the old County Courthouse which was demolished long ago then ended up on the Hillsborough seal before the awful new one honoring a band shell was inexplicably adopted). In this case, the Bro Bowl was unnecessarily demoed as part of redoing a park (that has since been treated questionably).

Meanwhile, In the Rest of the Country

— The Other Brightline

While Brightline expansion is in a bit of a holding pattern in Florida,

Federal, transportation and union leaders gathered in Las Vegas Monday to drive spikes into a symbolic rail, marking the beginning of construction for a $12 billion high-speed rail line that will link Las Vegas and the Los Angeles area.

“People have been dreaming of high-speed rail in America for decades,” Transportation Secretary Pete Buttigieg said Monday ahead of the groundbreaking ceremony. “It’s really happening this time.”

Brightline West, the only private passenger rail company operating high-speed service in the country, is expected to build a 218-mile intercity passenger rail system between Las Vegas and Rancho Cucamonga, Calif., where it would connect with Los Angeles’s existing regional rail system.

Buttigieg on Monday touted the Biden administration’s support for the project, noting it will bring thousands of union jobs and help local economies, The Associated Press reported.

The project is estimated to cost about $12 billion — $3 billion of which the Biden administration greenlighted last year.

We have no idea when the Florida line might get to Tampa.  Maybe never.

You can read more here.

— Nashville

As we noted last week, Oracle is moving its headquarters from Austin to Nashville.  This is the reasoning given:

Ellison said Nashville’s prominent health care industry is a major draw for the company because of its increasing emphasis on health care software products. Additionally, employees expressed interest in the city.

“We want to be in a health center and we want to be in a community and I use that word very precisely. We want to be part of a community where people want to live. Nashville is a fabulous place to live. It’s a great place to raise a family,” said Ellison. “It’s got a unique and vibrant culture. As we surveyed our employees, Nashville ticked all the boxes. It’s the center of the industry we’re most concerned about which was the healthcare industry.”

Not surprisingly, Nashville is a getting a lot of “hot city” articles, like this one from the Wall Street Journal.

April 25, 2024

Aside from Oracle announcing it was moving to Nashville and a few of other things, not that much happened in the last week, so we decided to take the week off. Enjoy your weekend.

Roundup 4-19-2024

April 18, 2024

Contents

Politics/Governance – CIT

A Little Civics Lesson Every Now and Then is a Good Thing, Cont

Channel District/Ybor-ish/Port – Ybor Harbor

Economy

— Insurance

— What Do We Do

— Population

— Inflation

USF – Stadium

Hospitals/South Tampa/West Tampa – Money and Stuff

Rays

Pasco – Parks

______________________________

Politics/Governance – CIT

The County Commission moved to renew the CIT, sort of.

The Hillsborough County Board of County Commissioners voted to forge ahead on a tax that funds roads, public safety and other infrastructure.

Commissioners on Wednesday advanced a referendum asking voters to approve a half-cent sales tax in November. Ken Hagan and Pat Kemp cast the sole dissenting votes.

Although the tax already exists, key components of it would change. Instead of 25% of proceeds going to the Hillsborough County School District for capital projects, only 5% will. A new stadium is also unlikely to be built with the revenue.

* * *

The new CIT is scheduled to last for 15 years until Dec. 1, 2041. Wostal was among those pushing for a shorter duration of the CIT, saying on social media that it was the “sneaky Dixiecrats” who “robbed” people from choosing to tax themselves by crafting the original CIT to last for 30 years.

We will get back to that last point shortly. But first,

One detail did get settled: Commissioners voted 6-1 that 30% of the projects funded by the tax must be pay-as-you-go, and the county can borrow against 70%.

And there was this:

But on Wednesday, Commissioner Joshua Wostal motioned to prohibit any CIT funding being spent on new professional sports stadiums — an amendment that would have required another public hearing. He then withdrew the motion when county attorney Christine Beck said the ballot language wouldn’t allow private facilities to benefit anyway.

“Ergo, if you never in the future end up owning a professional sports facility, that kind of gets you to the same place,” Beck said.

They also limited the school money.

So, what is the plan for the money?  It is not clear, but we would not be surprised if it is mostly roads in South County.

As we keep saying, the Commission should just have renewed the CIT.  But we did not think they would.  This is a different program with different people deciding how to spend it, and it should be thought of differently. We are still undecided.  But, as we said previously, there is time to think about it.

A Little Civics Lesson Every Now and Then is a Good Thing, Cont

Now, back to that comment. This is the actual X post:

Absolutely no tax should be able to be enacted without expiration nor be longer than 10 years. Every generation deserves to be able to enjoy the requirements of the Declaration of Independences demand of no imposing of taxes without Consent. In Hillsborough County you were robbed of that over 30 years ago by sneaky Dixiecrats.

While we are not for most blanket statements, one is certainly entitled to think that every tax should expire after no more than ten years and/or that the CIT time frame was too long.  However, that is just an individual policy position. It has nothing to do with the concept of consent to taxation in the Declaration of Independence.

As we noted previously (here), the Founders’ concern with consent to taxation dealt with their experience of having taxes imposed on them by the British Parliament to which the colonies could not send voting members (thus the colonies had no say).  Under our representative form of government, contingent on their authorizing law, representative bodies (like the County Commission, which is considered a representative body, no matter how imperfect it may be) can levy various types of taxes. Moreover, there is no tax time limit or referendum requirement in the Declaration of Independence or really any writings of the Founders regarding taxes.  In fact, the Founders were not fixated on governance by direct democracy. For instance, they did not think Senators should be directly elected by the people (we know that because Article I, Section 3 of the Constitution tells us so).  And, in point of fact, the Founders were fine with Congress (a representative body) raising taxes (without time restrictions). It says so right in the first line of Article I, Section 8 of the Constitution (and see also Whiskey Rebellion).

As for Dixiecrats, we are not sure what a short-lived 1948 political party  had to do with the CIT, which was passed in 1996.  Moreover, the person who came up with the CIT plan was not a Dixiecrat, or even Democrat.  And we are not sure about having an open vote about a clearly defined and much-talked about tax with a clearly defined term after previously unsuccessful referendums is “sneaky”.

Nevertheless, as we noted above, everyone is entitled to their own opinion on how long they would like a tax to be in force.

Channel District/Ybor-ish/Port – Ybor Harbor

The Ybor Harbor project proposal for the north end of the Ybor Channel got initial approval:

Council on Thursday approved a comprehensive plan amendment and rezoning request to make way for Ybor Harbor. Ybor Harbor spans roughly 33 acres south of Adamo Drive, east of Channelside Drive and west of North 19th Street on the Ybor Channel. The property was once under consideration as a site for a Tampa Bay Rays stadium. Shaw’s plans, filed in early 2023, do not include a baseball stadium.

Shaw is also partnered with Washington, D.C.-based Kettler to develop Gasworx, a mixed-use development under construction just west of Ybor Harbor.

* * *

The crown jewel of Ybor Harbor will be the waterfront, which Shaw wants to open to the public. Shaw said he will work with Port Tampa Bay to open the waterfront, and his plans include 100,000 square feet of open space — a boardwalk lined with restaurants and retailers, piers, boat slips, floating docks and green space.

Here’s a breakdown of the development:

 

From the Business Journal – click on picture for article

From the Business Journal – click on picture for article

Previous reports said this project would not start until Gas Worx was finished, so it may take quite a while.  The renderings are probably mostly conceptual, and it looks like a nice concept.  As with most things, though, the details will matter.  We just do not have them yet.

More broadly, there are questions by some about the viability of the port. Previously the developer has said he would work with port facilities in the subject area to find new locations and according to the article said this:

“Ybor Harbor does that in a very thoughtful, material way, and it’s not without its nuances and intricacies. It is truly threading the needle,” Shaw said. “The maritime community is very significant and active. The population that is moving to Tampa, that exists in Tampa, wants to experience the waterfront. They want to experience walkability and transit-oriented development. They’d like to have the opportunity not to utilize their car.

“We believe that through this development, in a thoughtful way, we can weave a tapestry that connects all of those uses in a mixed-use, transit-oriented community.”

That could all be talk or he could mean it. It is certainly possible to have a development like this and still have a major port nearby.  It will take some work to do it right, but there is time to work on it.

Economy

— Insurance

A few weeks ago, we discussed home insurance (here).  We noted some of the reasons given for why it was very expensive but that people were promoting investing in the insurance business for the quite healthy returns.  Given that, a recent article in the Times is not really a surprise:

The vast majority of small insurers operating in Florida are considered so financially weak that they wouldn’t typically meet federal guidelines allowing them to back mortgaged homes.

That’s a central finding of a study that also suggests that Florida consumers are being led to believe their insurers are much healthier than they really are.

The study, by researchers at Harvard University, Columbia University and the Federal Reserve Board, has not yet been peer-reviewed. But it was posted on a website for scholarly papers in December and has caught the attention of national and state insurance officials and observers.

There are few independent studies of Florida’s insurance crisis, and the report offers insight into one of the state’s vulnerabilities: its reliance on about 50 small insurers, covering about 70% of policyholders, that are usually rated by a single company.

That ratings company, Ohio-based Demotech Inc., was the target of a round of public retribution in 2022, after Gov. Ron DeSantis’ administration accused it of threatening to downgrade 17 companies that year.

The downgrades posed a threat to the state’s housing market as DeSantis was seeking reelection and gearing up for a presidential run. The mortgage giants Fannie Mae and Freddie Mac require insurance from highly rated companies, such as those that receive an “A” from Demotech. If 17 insurers suddenly didn’t qualify, a million Floridians could have been left scrambling to seek insurance policies.

Demotech was accused of being a “rogue ratings agency” by Florida’s chief financial officer, and U.S. Sen. Marco Rubio wrote that its ratings were “dubiously based.” Neither produced evidence Demotech did anything improper. Ultimately, four insurance companies went insolvent, and Demotech continues to be the industry’s primary ratings agency.

We are not going to get into the whole report because we have no way of knowing if it is entirely accurate but you can find it here.

Anecdotally, we (as probably everyone else has) have heard many stories about a number of the small and/or start-up insurance companies, how people who were pushed to them by Citizens then got dumped again after paying premiums for a few years, about companies going bust right after storms while the management getting paid, and so on.

Given that the entire real estate industry (and therefore arguably the whole economy of this state, see below) relies on having a properly working property insurance system, that should be the goal.  What we need is a solid plan to deal with insurance that focuses on 1) actually covering people and 2) keeping costs relatively sane.  We really do not care if it is run as a market of private companies or a cooperative program of home owners (something along these lines does seem to make some sense).  We care that it works.

You can read the article here.

Economy

— What Do We Do

As the Tampa Bay Partnership Regional Competitiveness Report makes clear year after year, we lag other comparable areas in economic productivity.  So, what exactly do people do here?

It’s no secret that real estate dominates the Florida economy. In Tampa Bay, that industry is the largest contributor to economic output, accounting for 17% of the region’s gross domestic product, according to data analyzed by the University of North Carolina Chapel Hill’s Kenan Institute in collaboration with Fifth Third Bank.

The real estate and finance industries generate more than a quarter of the region’s GDP despite making up only 9% of jobs. However, according to Fifth Third Chief Economist Jeffrey Korzenik, that figure is still 50% higher than the U.S. in terms of the share of jobs relative to overall employment.

* * *

On the other hand, the business services sector, the region’s largest employer, accounts for 20% of Tampa Bay’s workforce but only 16% of GDP. The leisure and hospitality sectors are also less productive. Those jobs account for 11% of employment but contribute only 5% to local GDP.

Trade and transportation are the second largest contributors to Tampa Bay’s economy, generating 19% of GDP with 19% of the local workforce.

By comparison, the education and health care sectors support 16% of the local workforce, while the government supports 10%, construction 6% and manufacturing 5%, according to the report.

Florida has long been a real estate/tourism economy.  Now you can add some finance, though in this area our financial services jobs are often more back office jobs not the big money part of finance.  However, yes, there are a few of the bigger money jobs around (say, the large company in the Gateway area).

There is nothing wrong with real estate.  Thriving economies need real estate development.  But real estate is not as good as an end in itself.  With real estate, there are always the questions of 1) what kind of development is it? and 2) is the economy supporting real estate or real estate supporting the economy? Ideally, the area would be a net exporter of ideas and goods.  We would sell those ideas and goods, bring in money and expansion, and that would drive the real estate sector. As of yet, we are not one of those places.

More broadly, if you look at the Tampa bay Partnership Regional Competitiveness Report (have we mentioned how much we appreciate these reports?), we have been pretty much last or very close to last in per capita GDP for quite a while, so maybe the mix we have is not the best.

— Population

We are not completely sure what this really means but:

The research by California-based moving company HireAHelper, looked at people born between 1981 and 1996 moving to other areas in 2023.

While Florida is considered a retirees’ paradise, the study by HireAHelper shows that younger generations are also attracted by the Sunshine State’s warmer weather and relatively lower cost of living, with Tampa topping the list of cities millennials moved to last year.

The study found that the metropolitan area of Tampa-St. Petersburg-Clearwater saw 95 percent more millennials move in than leave in 2023, while another Florida city, Jacksonville, saw 54 percent more millennials arrive. Florida overall saw 38 percent more millennials move in than move out in 2023.

And the Tampa Bay area number is way higher than everywhere else:

Between Tampa and Jacksonville, respectively first and third in the ranking, was the metropolitan area of Las Vegas-Henderson-Paradise, Nevada, which saw 56 percent more millennials move in than leave last year.

The other metropolitan areas that saw the most millennials move in were Nashville-Davidson-Franklin, Tennessee (53 percent); Austin-Round Rock, Texas (47 percent); Bridgeport-Stamford-Norwalk, Connecticut (40 percent); Phoenix-Mesa-Scottsdale, Arizona (39 percent); Oklahoma City, Oklahoma (38 percent); Richmond, Virginia (38 percent); and Raleigh, North Carolina (37 percent).

The three main reasons leading millennials to move across state lines were “wanting new or better housing,” “new job or job transfer” or “to establish [their] own household,” according to the HireAHelper study, which analyzed data from the United States Census Bureau’s Current Population Survey and its Annual Social and Economic Supplements.

The U.S. cities losing the highest number of millennials to other metropolitan areas were the states of New York (-52 percent) and California (-39 percent), including New York City and San Jose, which in 2023 lost over 50 percent more millennials than saw moving in.

It could be that our percentage of millennials was oddly low, so a decent number moving in gives a higher ratio.  Or the number could be exactly what it seems. Or something else. Regardless, people want to move here.  Too bad we do not have the necessary infrastructure for an area with the population we are getting nor do many of our officials seem capable or even willing to get it.

If you think traffic is bad now . . .

— Inflation

Inflation news is mixed.

The most recent inflation data shows “not just a bump in the road,” as one local economist put it, but a “pattern that’s starting to become entrenched.”

Costs rose about 3.7% in Tampa Bay over the last year, according to data from the Bureau of Labor Statistics. Inflation in the region has been consistently higher than the national average, now at 3.5%.

After months of inconsistent decline, the national inflation rate has risen every month since December 2023. The latest increase is mostly due to stubborn costs of gas and shelter, which includes expenses like rent, lodging and insurance. Those two items were responsible for more than half of the rise. Food and energy prices are also increasing, along with car insurance, medical coverage, apparel and personal care.

Keep in mind, that is the rate of inflation, not prices, coming down then going up again.  But even with slower inflation, there is already damage done and prices are still increasing on top of that, as noted in this quote from an article in The Atlantic:

The consumer price index for food rose 25 percent from 2019 to 2023. The jump in 2022 was the highest since the late 1970s. As of two years ago, Americans spent 11 percent of their disposable income on food, the highest share in three decades, according to the U.S. Department of Agriculture.

That is just food and nationwide. Then note this area’s inflation has quite consistently exceeded the national average in the last few years and our housing and other costs have shot up.

USF – Stadium

There now is a USF stadium timeline:

USF football has scheduled a groundbreaking date for the Bulls’ on-campus stadium: homecoming week of this fall.

That centers on USF’s Oct. 19 home game against Alabama Birmingham at Raymond James Stadium.

The Bulls have been in the design stage for the $340 million, 35,000-seat building that will be just north of the current practice facilities. This week, USF selected the team of construction companies that will manage the project: Manhattan Construction Company, H.J. Russell & Company and DuCon, LLC. Populous has been the architecture firm.

The stadium is scheduled to open for the 2027 season, but USF officials have said the operations center for football and women’s lacrosse will open a year earlier.

And there are some new renderings:

From the Business Journal – click on picture for article

 

From the Business Journal – click on picture for article

And some more information in a Times article here.

It would be nice if this all leads to a Power-[ed: does anyone even know at this point?] conference. (Maybe the Bulls can replace FSU in the ACC).

Hospitals/South Tampa/West Tampa – Money and Stuff

There was a variety of hospital.  First, TGH broke ground on a new facility at its island home:

Tampa General Hospital’s new 13-story surgical tower will bear the name of Tampa’s Taneja family after a $25 million gift toward the project.

TGH on Monday celebrated the groundbreaking of the tower, which will house surgical, neuroscience and transplant services when it opens in 2027. Jugal and Manju Taneja founded Belcher Pharmaceuticals together in 2010. The tower is named in honor of the Taneja Family Foundation’s gift to the TGH Foundation.

* * *

The Taneja Surgical, Neuroscience and Transplant Tower is under construction on the northern tip of TGH’s Davis Islands campus. The tower is 565,000 square feet and adds 144 patient beds, 32 operating suites and additional capacity for the TGH intensive care unit. Tampa City Council approved a rezoning request to make way for the project in late 2023.

 

From the Business Journal – click on picture for article

The family’s generosity should be applauded.

As for the building, it looks fine, but we still wonder if building major facilities on a low lying fill island instead of on the big chunk of land on Kennedy that TGH bought is the optimal policy. We get that what is on the island is on the island and we know why the hospital was originally put there, but does it really make sense to add such a major building to the island campus when there are other options? We have to admit that we are a bit skeptical of relying on the plastic sheets to keep the level one trauma center accessible in the event of a big storm (or sea level rise), especially since they do not protect the bridges. And note that the land on Kennedy is still in the “medical district.”

Then there was this:

Tampa General Hospital will create a new men’s health center with a recent $6.5 million donation.

The gift is from Dr. Jagadamba and Krishna Chivukula to the TGH Foundation, a release said. It’s the first donation from the Chivukula family.

* * *

The hospital is evaluating locations for the new center; it plans to begin construction in the coming months and open in 2025.

This sounds good, but we are not sure why this location is unclear.  If the main campus is good for the big thing, it should be good for everything.

Meanwhile, local hospital generosity does not stop there:

A Tampa Bay family has made a $50 million donation to help pay for a new hospital to replace St. Joseph’s Children’s Hospital by 2030.

The gift, one of the largest in Tampa Bay history according to BayCare Health System, was made by Sidd Pagidipati, a Tampa entrepreneur who founded a Medicare Advantage HMO with his father and started Tampa medical provider Better Health Group. His brother, Rahul Pagidipati, and sister, Srujani Pagidipati, also contributed to the donation.

The new hospital will replace the existing 219-bed children’s facility that was founded in 1990 and shares the Tampa campus on West Dr. Martin Luther King Jr. Boulevard with St. Joseph’s Hospital. It handled almost 35,000 emergency room visits, 13,000 births and roughly 4,900 outpatient surgeries in 2022.

 

From the Times – click on picture for article

That is incredibly generous as well.

Hopefully, the City will not mess up Habana too much in its redesign and make St. Joes and all the offices around it much less accessible. (Looking at its preliminary plans – here – it is not clear that anyone in the transportation department has regularly driven/used this stretch of road and really looked at the traffic, pedestrian, and bike behavior.  But that is for another discussion.)

Rays

This week’s Rays news is here, here, here, here, and here.

Pasco – Parks

The Pasco County Commission does all manners of odd things, but even they seem to know that if you want something, you have to pay for it. For instance:

As Pasco County continues to experience explosive growth, costs to maintain parks and add recreational offerings also have risen sharply because of demand.

On Wednesday, county parks officials said that by the end of the next fiscal year, there would be no funding available for any capital maintenance needs at existing parks and recreation facilities

They have proposed that the County Commission consider a new municipal services tax, which could appear on tax bills in 2025 and potentially cost $52 annually for homes with a taxable value of $300,000.

Commissioners said they know of park upkeep needs throughout their districts. They voted four to zero for their staff to move forward with an ordinance to create such a tax even though they were not sure what the funding rate should be. Commissioner Gary Bradford was absent.

Not to mention

Last year, Pasco commissioners approved a large increase in their impact fees for recreation, but those pay for new facilities required by growth in the county. In that case, the fees went from $892 for each single-family home built and $627 for multifamily residences to the new flat fee of $3,450 per residential unit.

A study of the county’s new parks and recreation needs, which was required before consideration of updating fees, determined they would cost $246 million in 2022 dollars. The county’s impact–fee consultants based their numbers on the 2022 county parks capital plan, which includes 19 projects across the county, including five new district parks, three major expansions of existing parks and two natural resources parks.

We do not have an opinion about the specifics of the tax or whether there is other money in the budget that could be used.  But at least they, unlike some other local officials, seem to understand the basic idea.

You can read more here.

Roundup 4-12-2024

April 11, 2024

Contents

Transportation

— Traffic

— Streetcar

Brightline

Airport – Searches and Growth

USF

— Stadium

— Claw

Ybor City/Governance – CRA

Pasco

— Rental Homes

— Maybe Something

Rays

Meanwhile, In the Rest of the State

_______________

Transportation

— Traffic

The Times had an interesting opinion piece on traffic.

Some things aren’t the way they seem. They don’t make sense, at least at first.

Take, for instance, the huge shift toward remote work and its effect on traffic. Before the pandemic, about 1 out of 11 Tampa Bay workers worked from home at least some of the time. Now, it’s about 1 in 5, according to the latest Census data.

That’s 190,000 more Hillsborough, Pinellas and Pasco county residents able to work in their pajamas. And that’s a lot less people driving on our streets, right?

Oh, we should be so lucky.

The conclusion appears sound: More people working from home means less miles driven. Except it doesn’t. In this case, the truth comes with a twist.

It then goes through some statistics that you can review here.   Then there is an explanation of why there might be more traffic:

How is that possible? On average, people who work from home drive more, not less. That head scratcher was true before the pandemic and appears to be the case now, too, according to several studies, including one that examined the results of 39 other studies.

People who drive to and from work are more likely to link their driving-required activities to their commute. They more often stop at the dry cleaner, the gas station or the Dunkin’ drive-thru along the way to work. Chaining those activities together is more efficient; it requires less overall driving.

People who work from home are more likely to turn those into individual trips. Instead of going to the office, they drive to lunch, run errands, go to the gym or grab coffee. A more flexible work schedule can also allow them to drive their kids to and from school. They tend to travel more for nonwork activities, though one study found that telecommuters also drive more miles for work-related reasons like meeting with clients.

How much more? Telecommuters drove an average of 43.8 total miles a day, while regular commuters drove just 37.5 miles, a nearly 17% difference, according to a 2014 study. The same study showed that telecommuters drove for about nine minutes more per day for nonwork-related trips.

While the study cited is a bit old, the reasoning makes sense (and maybe it is being proven right now).  Moreover, there are more people living here.  There are more visitors.  And in a place where you have to drive everywhere for everything and the government makes a great effort to push everyone onto the same limited number of arterial roads, those more trips will manifest themselves in more traffic and congestion.

Interestingly, one of the claims about variable rate express lanes was that they would help reduce congestion by making people not drive at rush hour all the time to avoid traffic and charges. It was posited that they would choose to go to work at different times. If the research in this article holds true, it seems that may not really be exactly accurate.

— Streetcar

The streetcar keeps going along:

The TECO Line Streetcar accommodated 141,529 trips in March, putting the downtown Tampa transit service within just a few thousand of its previous monthly record.

The streetcar set a record of 143,716 rides in December 2023, which came after multiple milestones were shattered in the prior months.

The demand for transit in Tampa’s urban core underscores a post-pandemic increase in downtown visitors and residents, along with a desire to move around without a car. It also stands in contrast to lagging transit demand throughout much of the Tampa Bay area.

Not only does the TECO Line Streetcar rank as one of the most popular systems in the U.S., the conservative Cato Institute also ranked it as the No. 1 most efficient streetcar service in the country while other agencies heavily subsidize their streetcar passengers.

Not that per trip cost is the be all and end all measurement, but the generally study by the generally anti-transit Cato Institute provided these figures of the Tampa streetcar and the national average for streetcars.

System Location Passenger trips Fare revenue Operating expenses Fare revenue per trip Operating expenses per trip Tax subsidy per trip Farebox recovery ratio
TECO Line Streetcar Tampa, FL 1,107,584 $0 $2,780,595 $0.00 $2.51 $2.51 0.00%
Totals / Averages 29,775,767 $28,930,835 $321,481,876 $0.97 $10.80 $9.83 9.00%

By that metric, the Tampa streetcar is not too bad at all.  Moreover, aside from per ride cost, it allows more efficient use of parking around the core which is good for the city and the City.

It is a solid program, and it should be funded and expanded, especially with the planned development in Tampa Heights.

Brightline

It seems the state will not help with Brightline’ expansion.

Florida will not commit state funds for the construction of Brightline’s expansion to Tampa under Gov. Ron DeSantis’ watch.

DeSantis said space on the Interstate 4 corridor will be preserved for train service between Orlando and Tampa; however, the state will not financially assist the project. A $50 million appropriations request for the project didn’t make it into the state legislature’s budget submitted for DeSantis’ approval.

The governor made the comments about Brightline during a Wednesday ceremony at Florida Polytechnic University, where he signed an anti-transit bill and trumpeted the advancement of billions of dollars for nearby highway projects.

“We are not going to be on the hook as the state with taxpayers for doing trains,” DeSantis said. “You’ve seen what’s happened in California. How is it that California has a train to nowhere? They’ve spent tens of billions of dollars for no results. We now have [a train] from Miami all the way to Orlando at basically no cost to the state. I mean, there’s different things — infrastructure, tangentially — but nothing for operations or construction.”

We are not sure what tangential infrastructure is exactly.  And, while the one high speed rail program is problematic, it should be noted that California has a wide variety of commuter and intercity trains as well as light rail and subway systems, and there is Brightline project from LA to Las Vegas that got Federal funding.

Also, the State of Florida has already bought a large amount of track around Orlando for SunRail.  And there is Tri-Rail, which also runs on rails bought by the State.

But back to Brightline (Florida):

Expanding to Tampa has always been the plan, but Brightline will need the money to do it. Private financing can only go so far, especially with the favored “Sunshine Corridor” route likely costing billions more than the alternative. Orlando political leaders are expected to discuss next steps for that route — which would be shared with the city’s commuter train — at an April 25 meeting.

Brightline’s route from Las Vegas to the Los Angeles suburbs needed a $3 billion federal grant to move forward, and that request was made through the Nevada Department of Transportation. It’s unclear if the Florida Department of Transportation would make a similar request under DeSantis.

We understand going project by project to decide whether it is worthy of funding based on the specific plan and it merits (and maybe the super expensive route is not really the best).  But we generally do not favor blanket statements.  And, while it is not clear that it is the policy, it would seem to be unwise to forgo Federal funding while our money goes elsewhere, but it would not be the first time Florida does such a thing.

Airport – Searches and Growth

First, let’s check in with the Airport CEO search.

Tampa International Airport’s governing body may widen the field of candidates to replace outgoing CEO Joe Lopano.

Hillsborough County Aviation Authority board members will vote on whether it should hire an independent firm to lead a national CEO search at its April 4 meeting. They initially voted to keep the search internal when Lopano announced his retirement in February, with four executive vice presidents vying for the top spot.

Robert Watkins made a motion on March 7 to change that provision, but the board agreed to hold the vote another time when all members were present. Tampa Mayor Jane Castor and board chairman Chip Diehl were absent from that meeting.

The discussion continued at a committee meeting Wednesday, with Watkins reiterating his desire to expand the search. A vote must occur at a regular board meeting.

But then again:

An effort to expand the search for Tampa International Airport’s next CEO to external candidates has died.

Board member Robert Watkins made a motion March 7 to hire an outside search firm, and Harry Cohen seconded it for discussion purposes but deferred action to when all five aviation authority board members were present. Cohen withdrew his support at Thursday’s meeting.

* * *

Besides Watkins, every board member agreed to keep the internal search for CEO Joe Lopano’s replacement. However, after the Hillsborough County Aviation Authority’s full board meeting, Tampa Mayor Jane Castor offered a compromise during a committee meeting: start with interviewing the four internal candidates but bring on an independent firm to help in the evaluation.

This all seems oddly disorganized, especially for a group that presumably has been interacting with the airport leadership on a regular basis and, therefore, should be very well acquainted with the internal candidates.  Hopefully, the board can get it squared away.

Meanwhile, the airport released the performance information for last year, which was a record year, with a factsheet covering the calendar year (here) and an online report covering the fiscal year (here).

Meanwhile, over at St. Pete -Clearwater:

St. Pete-Clearwater International Airport (PIE) officials have secured funding to complete a $110 million terminal expansion they expect to accommodate one million new passengers.

Tom Jewsbury, executive director, said recent state and federal grants would allow the airport to complete the momentous project without incurring debt. He shared the news with Pinellas County Commissioners at an April 4 work session.

Jewsbury said PIE also decided to build a $40 million, 1,000-space parking garage rather than expanding a surface lot. He said the airport has $17 million “in the bank” for the project and will use rental car revenues to offset the remaining cost.

While we do not know the exact plan for the garage and therefore cannot comment about it, we have travelled through St Pete-Clearwater at peak times, and it seems quite clear that the terminal needs an upgrade to deal with its increasing passenger traffic.  Good for them for getting the financing all worked out.

USF

— Stadium

After a step back on the stadium, USF is now moving forward:

Multiple companies will lead the construction of the University of South Florida’s on-campus football stadium.

Manhattan Construction Co., H.J. Russell & Co. and DuCon LLC formed a joint venture to build the 35,000-seat stadium, USF announced Tuesday.

The university was previously contracted with Barton Malow but terminated the deal in late 2023. Populous — one of the world’s most popular sports architecture firms — will still design USF’s new stadium.

We do not have an opinion on the specific companies, but if they want to get it done by 2027, they need to get moving, so in that respect this is positive.  We will see what the results are.

— Claw

Meanwhile, the Business Journal article posits this:

USF also must decide on the future of the nearby 120-acre golf course that closed in September 2023. The university is currently soliciting feedback from students on what to do with the Claw, according to the Oracle. Ideas floated include recreational trails and a main street-type development with bars and restaurants.

(Oracle article here)

USF does not need to do anything of the sort.  The University does not seem to be paying taxes on the land.  It does not need to be a retail developer. It does not need to sell to developers.  It is not required to make anyone else a profit.  It could, like many universities do, hold the land indefinitely for some future use that may not even be apparent yet.  In fact, that is what it should do.  There is ample privately held underused and developable land that private developers can redevelop all around (but not on) the campus (not to mention MOSI).  No need to waste public land on it (and then have to use tax money to buy land at a much higher price when the school needs it later).

We are fine with having a main street.  Make it part of the MOSI or University Mall redevelopment. Or tear down a few local strip malls and build one.

Ybor City/Governance – CRA

We saw some news about the Ybor CRA in La Gaceta, so we looked for the official word and found it on the CRA Facebook page:

The Ybor City Community Redevelopment Area Office will officially close on April 22. The new office will be located on the second floor of the City’s Tampa Municipal Office Building located at 306 E. Jackson Street.

During the transition period from April 22 through April 26, we will continue to serve you promptly and efficiently through phone and email. Thank you for your continued partnership as we strengthen communities together, it’s what we do!

Tampa CRA

From the Ybor City CRA – click for Facebook page

We could understand a temporary move, but there is no indication this is temporary and it is a bit odd given the CRA slogan in the picture above.  It seems to us that actually being in the community should be the bare minimum for strengthening that community.

Pasco

— Rental Homes

The Pasco County Commission is has often complained about land  being eaten up by apartments and not being available for other more business-like uses.  Well, if land is the issue, what should be worse than eating up land for higher density apartment complexes?  How about eating up land for lower density rental housing? The land is not used for those business purposes, and it does not even house a lot of people or generate household wealth and equity for the residents.

A built-to-rent development of more than 300 homes is under construction in Pasco County.

Miami-based Advenir Capital said it has started site work on LEO at Cypress Creek, which is directly north of Publix Super Markets Inc. at Mirada on State Road 52. Advenir paid $13 million for just over 41 acres in 2022, Pasco County property records show.

Vertical construction on the 315 homes is expected to begin in June. Plano, Texas-based BBL Building Co. is the general contractor; Nequette Architecture & Design of Birmingham, Alabama, is the architect. Advenir said the homes, a clubhouse and pool will occupy 36 acres, and the remaining acreage will be dedicated to commercial use. Pocket parks, pet washing stations and free WiFi are among the community’s planned amenities.

315 homes on 36 acres.  (For reference, Water Street is 56 acres and many more residences, plus retail, office and hotel.) Sprawl is sprawl.  And, as noted, rental sprawl is sprawl that does not help build residents’ equity and household wealth.  It also does not maximize the efficiency of the infrastructure like density. But we could find no controversy about this development.

Maybe, it is not the apartments that are the issue.  It is the planning.

— Maybe Something

Speaking of planning, as we note often Pasco County is the poster child for sprawl (though it really seems that they learned everything they know from Hillsborough County which made all the mistakes first).  The Pasco County Commission has routinely ignored past commitments to preserve rural areas and other manners of other planning. But recently there was this:

As one of Florida’s fastest-growing counties, Pasco doesn’t see a month go by without government approvals of new construction on vacant land, actions that current residents have increasingly criticized.

This week, it was the Pasco County Planning Commission, which gives the first public review of such projects, that balked at revising the county’s land development code for a massive mixed-use development slated for nearly 800 acres just west of the Interstate 75 interchange at State Road 52.

The area has been set aside for dense development because of its location, but planning commissioners declared they have had their fill of giving developers breaks on requirements.

“I’m tired of driving by places that look like crap because we took it on faith,” said Planning Commission chairperson Charles Grey, who specifically was calling out the Lennar Homes development approved two years ago on Little Road.

First, that last comment could be said for all the counties of this area.  That is the result of decades of having low standards and then settling.

The development now up for approval is planned for 785 acres northwest of the interchange by Mulandco Liquidating Company LLC, a Houston-based company. The project is proposed for 190,000 square feet of retail and commercial buildings, 3 million square feet of light industrial, 500,000 square feet of office, a 250-room hotel, 1,550 apartments, 150 townhomes, 600 single-family homes and 27 single-family estate homes.

Planning Commissioner Jon Moody repeatedly asked Clarke Hobby, a representative for the developer, to detail how it was going to meet county rules while getting breaks on development regulations. The developer was seeking code exceptions that would cut down on park land, buffers and parking requirements.

“I’m in support of this development. We want to do it right,” Moody said. “I don’t think you have all the i’s dotted and the t’s crossed.”

He asked how the development would handle lower parking requirements, and Hobby said that in an urban development plan, street parking or parking garages may be added. But Moody said apartment dwellers ikely would want to park near their apartments.

Moody also took issue with allowing 30-foot-wide lots in the housing area, even though county rules require lots to be 40 feet wide. Small lots and short setbacks have drawn criticism that people cannot park a truck in their driveway without blocking the street or the alley.

On the one hand, we are happy they are not just rubber stamping development proposals. Unfortunately, we are not sure exactly what is going on with this project.  (The article is a bit vague on details.) We are fine with not bending on the amount of parkland.  But is the planning commissioner looking for more structured, more street parking or more big, ugly, hot surface parking lots (which, it should be noted, usually look like the aforementioned crap).  Moreover, is it really up to the planning commission to try to figure out where apartment dwellers want to park?  We know many people who prefer a garage but we are sure there are various apartments with surface parking as options for those who seek it in Pasco.

We applaud not approving projects until commissions know what they are approving and we support generally sticking to plans with the caveat that we also think the plans should make sense. And, as indicated above, we are not exactly sure what the planning commissioner is pushing for. Hopefully, he is seeking good things. In any event, we hope Pasco starts to actually raise its game, develop good plans, and stick to them.

You can read more here.

Rays

This week’s rays news is here, here, and here.

Meanwhile, In the Rest of the State

Meanwhile, over in Orlando where counties and parties can seem to work together to promote the area:

Based on technology used in armrests at Orlando’s airport that power phones wirelessly and stoves that heat skillets without burners, the coming State Road 516 will be equipped to replenish batteries of electric cars and trucks as they zip along the toll expressway.

An initiative of the Central Florida Expressway Authority, State Road 516 aims to bring the future of driving to the present.

“This is the first brand new highway having the system from the beginning,” said Sergio Perez of Enrx, a company in Norway specializing in wireless energy and hired by the expressway authority. “It is a world premiere.”

Other wireless, in-road charging projects are underway in Detroit, Indiana, California, Europe, Israel and elsewhere in the world but those are retrofitting existing roadways.

In all, State Road 516 has been deemed a signature example of how to build roads that are easier on the environment and drivers.

It also will feature solar panels able to make the nearly 1 megawatt of electricity needed to operate the road.

There is more but you can read it here.

Setting aside the related sprawl, we applaud the effort to be forward thinking in design.

Roundup 4-5-2024

April 4, 2024

Contents

Governance/Politics/Schools – Tax Referendapalooza

Transportation

— E-Stuff

— PSTA

— Truck Parking

Westshore – WestShore Plaza

Tampa Heights – YMCA

South Tampa – Britton Plaza

USF Area/North Tampa – 4151 E Fowler Ave

East Tampa/Governance – Parks and Rhetoric

Economy

— Insurance

— Economic Dashboard

USF – Cybersecurity

Rays

History – Cigars

______________________________________

Governance/Politics/Schools – Tax Referendapalooza

It seems, among all the other referendums we will have this year, there will be a school property tax referendum and a weirdly mutated CIT referendum.

The Hillsborough County Commission voted Wednesday to move forward on renewing the half-penny sales tax that has funded billions in projects countywide over the last three decades — but for half the duration and with much less funding for local schools.

After a discussion that included some bipartisan bartering, commissioners voted 5-2 to put the Community Investment Tax referendum on the November ballot. It would ask voters whether they support renewing the sales tax for 15 more years — less than the original 30-year life of the tax, but more than the five or 10 years some commissioners had suggested.

Schools, which have long been receiving 25% of the tax revenues, now stand to get 5%.

As far as we can tell, the fifteen year duration serves no real purpose other than making it much more likely that this CIT will not be able to fund any truly substantial project.  As for the schools getting CIT money and their own referendum:

The school district has received about $655 million for new schools, renovations and buses. School boosters — including members of the public who spoke at Wednesday’s meeting — call that money critical.

But Tuesday night, the School Board voted 5-2 for its own referendum that will ask voters to agree to a property tax increase for teacher pay, aimed at addressing a teacher vacancy problem in Hillsborough schools. Their referendum has been cited in county discussions about whether schools should be included in the county sales tax this time around.

Commission chairperson Ken Hagan told fellow commissioners Wednesday he’s concerned voters will perceive two referendums involving schools on the the same ballot as “double dipping.”

School Board members have pointed out that their referendum can only pay for operational costs and not for badly-needed buildings, which the sales tax has long funded.

Five percent is expected to give schools about $187 million for the life of the renewed tax.

Do not forget they have schools that are far below capacity and that could have been closed, but that is a discussion for another day.

In any event, we are not going to decide our position right now about either of these proposals, though we do have some serious questions about both.

As a general principle, we are not against taxing ourselves for things we need, but, when we do that, we want to give it to people with a sound plan and the discipline to execute it properly and not waste the money on other things.

There is still time to weight the issues.

Transportation

— E-Stuff

Tampa has new e-bike and e-scooter rules.

Now, the city of Tampa wants to crack down on haphazardly discarded e-scooters and e-bikes.

As of Monday, riders must park their rented electric vehicles in city-approved designated areas or face a fee of up to $5.

The fees will be doled out by the individual operating company, according to the city, which currently has three vendors: Lime, Spin and Helbiz.

Docking stations include hundreds of marked corrals, electronic virtual corrals, public bike racks, scooter racks and charging stations across the urban center. Vehicles have software alerting riders where they can and cannot park.

The city has also set up an interactive website where residents can request new corral locations.

* * *

Rental e-scooters have been part of Tampa’s urban landscape since 2019 — for many, a welcome addition to the city’s barebones public transit offerings. Today, there are 2,177 rentable e-scooters and 291 rentable e-bikes stationed across downtown and the surrounding neighborhoods of Hyde Park, Ybor City, West River and Tampa Heights.

The plan is to expand the program citywide within a few months, city spokesperson Joshua Cascio told the Tampa Bay Times. 

We are fine with these steps. We are fine with the machines.  They have a place in larger transportation system (though that place is often exaggerated by various parties of various reasons)  Nevertheless, while most users are fine, there are some that are sometimes a problem (and not just where they dump the machine).

And we are not so happy about them on sidewalks. Quite interestingly:

The rented e-bikes and e-scooters are prohibited on the Riverwalk, the Bayshore Boulevard sidewalk, Armature Works, Hyde Park Village and Seventh Avenue in Ybor City.

Which seems to us to be a tacit admission that there are issues with them on sidewalks.  Unfortunately, our bike infrastructure is still not really developed.

Additionally, it is a bit odd that the machines will be allowed all over the City when there is no real infrastructure in most places, but that can change.

Finally, to return to a theme: there is also the problem of connections between the City and the County since, as we keep saying, there are parts of the County much closer to the urban core than the parts of the City.  It is a failure of local government to not coordinate this and other transportation infrastructure (including bike lanes and trails).

— PSTA

A few weeks ago, we noted that PSTA was going to have a public hearing in St. Pete Beach about a project in south St. Pete.  We are not going to get into all the coverage (you can read it here and here), but we did want to note this:

After the meeting, Chaney said she learned several things, including the existence of Car Free St. Pete. Her interest in improving PSTA began in part from talking with Eckerd College students who were used to mass transit in other cities but experienced inadequacies here. On Monday, she instructed PSTA to search for more micromobility options.

“We really do need to work on the connectivity of the routes. … Let’s be better. It seems like [PSTA] is more open to that than I had understood previously,” Chaney said in an interview. “When you watch the meetings and presentations, it was, ‘This is the plan, this is what we’re doing, this is it.’ It didn’t seem like there was a lot of openness.”

Connectivity is important, and if the State Representative is really interested in having a transit system that works well, great.  However, it is rather obvious that if one starves the system of money and subvert the parts that work well, one will not get a decent product.  (As for micromobility, that would be great getting from a station/stop on a larger network to the actual destination – a/k/a the legendary “last mile” –  but not really for getting from Eckerd College to most useful places.  But, like the imminent rise of autonomous vehicles and car sharing 10 years ago, micromobility is often raised just as another excuse for not having a real transit system.)

And we look forward to the transportation town hall in south St. Pete.

— Truck Parking

We have done a decent amount of nighttime intercity interstate driving recently and it is obvious from things like full rest area parking lots and trucks parked along the side of the road nearby that this is sorely needed:

The Florida Department of Transportation is ready to move forward on a project along Interstate 4 that will result in 120 truck parking spaces, six electric hookups to power refrigerated trucks, auxiliary power for in-cab comforts, ramp improvements and better pedestrian infrastructure.

Hillsborough County Transportation Planning Organization board members unanimously approved the allocation of $5.3 million to the project last week.

* * *

Right now, there are about 90 truck parking spots between Tampa and Daytona Beach on I-4, Trejos-MacDonald said. The area has experienced a boom in the warehouse and industrial sectors, leading to more trucks traveling along the congested corridor.

Plant City Mayor Nathan Kilton said the upgrades will be helpful.

Although 120 spaces are planned right now, the scope could be expanded to include 250 spaces. Bids will be released in the fall, and construction should begin in spring 2025.

While the article does not seem to specify the exact location, a map with the article shows County Line Road between Lakeland and Plant City.  That is a fine location, though far more spaces are needed.  There is also a need on I-75.

Lynn Hurtak, who sits on Tampa City Council and the Hillsborough TPO board, encouraged FDOT to look into building canopies equipped with solar panels on future projects like this to provide truckers with shade.

That is also a good idea.

Westshore – WestShore Plaza

There are happenings with the WestShore Plaza redevelopment project:

The WestShore Plaza mall in Tampa could soon be demolished to make way for a sprawling mixed-use development with shopping, apartments, offices, medical facilities and more.

Let’s hope it is not sprawling instead of being well designed, walkable, and urban.

The mall’s owner, Ohio-based Washington Prime Group (better known as WPG), filed a rezoning request in August to expand the size and scope of an existing redevelopment plan on the site of the mall. Tampa City Council gave the first approval for that request at a meeting Thursday, paving the path forward for the project.

“I think this is the best thing for the neighborhood and it will bring a lot of opportunities for folks that live in Beach Park and Sunset Park and all those areas,” council member Alan Clendenin said.

The full project breakdown includes:

In 2020, the city approved a plan to transform the former Sears location and surface parking into a mixed-use development.

The new plan does not increase the density of the project, but it allows WPG to build across the entire 53-acre site and demolish the existing mall. It also adds the option for a medical district with nursing facilities, a hospital and more.

We do not mind rebuilding the whole lot, depending on what goes there.  We do not understand the hospital thing.  Is there any demand or plan to put a hospital on that lot?

You can see some renderings at the Accela entry for 100 N West Shore Blvd here and at SkyscraperCity here. But, in truth, it seems like the plans are completely in flux at the moment, so we are not going to bother getting into detail about what has been filed so far. Hopefully, they come up with something good.

Tampa Heights – YMCA

There was some preliminary movement on the YMCA redevelopment project:

Tampa City Council gave initial approval to plans that will transform the 6.2-acre site of the Central City YMCA into a mixed-use district with shopping, apartments and more.

“This is exactly what I think the city needs,” council member Alan Clendenin said at the Thursday night council meeting where the proposal was heard. “It’s a great use of underutilized property and part of I think a catalyst of development in the city of Tampa.”

The project, located at 110 E. Palm Ave. in Tampa Heights, will span 1.25 million square feet and cost around $600 million. It includes:

The City Council approved three separate requests — one to rezone the property, one to vacate alleyways near the site and one to amend the city’s comprehensive plan.

 

From the Business Journal – click on picture for article

We are fine with that.  The project could be a little better, but, from what we have seen so far, it is pretty good and will really help get that part of town going (as long as what remains of the historic fabric survives and is repurposed).

A second hearing will be held on April 18.

We will see if this really gets done.

South Tampa – Britton Plaza

Britton Plaza (well, most of it) seems to for sale.

South Tampa shopping center Britton Plaza is about to be listed for sale — opening up the possibility of redeveloping a property that brims with potential but has been considered unavailable for decades.

A team of brokers from CBRE Inc.’s Miami office will market the property for sale, the Tampa Bay Business Journal has learned. The shopping center, built in 1956, has been owned by the Bickimer family of Ohio for decades. Clearwater-based Bruce Strumpf Inc. handles leasing and management at the center. President Jill Strumpf was not immediately available for comment Wednesday.

The sale of Britton Plaza will be a generational transaction for Tampa, attracting institutional investors who will pay a market-high price. It sits on roughly 30 acres adjacent to some of Tampa’s wealthiest neighborhoods. It has significant big-box vacancies, making it primed for redevelopment: Stein Mart, Big Lots and Tuesday Morning have closed locations there. Bealls Outlet will close in April, according to a store employee.

* * *

Publix Super Markets Inc. acquired its location in Britton Plaza — a ground lease — when it bought several dozen stores from Albertsons. Publix demolished and rebuilt its Britton Plaza store in 2015.

Whether it is “generational” or not depends on what gets built, and, in addition to the developer, that depends to a large degree on the City Council and the surrounding neighborhood.

Meanwhile, there is speculation:

But redeveloping the property won’t be easy; it will be a yearslong endeavor, as the new owner will be limited by existing leases and their stipulations. Wild 94.1 this week reported rumors that the shopping center would be demolished and redeveloped by the developer of Midtown Tampa, Bromley Cos.

Nick Haines, CEO of New York-based Bromley, told the Business Journal via text message on Tuesday that those rumors are false.

(Wild 94.1 article here) And, while it is a good piece of land, we are not so sure about this:

Ari Ravi, executive vice president of investment sales at Ripco Real Estate in Tampa, said the property is comparable to, if not more valuable than, the assemblage that became Midtown Tampa.

Maybe, but probably not.  It is not nearly as accessible or central to the area. Nevertheless, it would be nice if it was developed into a good, walkable, urban, mixed use area, but we shall see.

USF Area/North Tampa – 4151 E Fowler Ave

There is a proposal for a project just south of USF (Accela entry for 4151 E Fowler Ave here).

 

From Vilatic at SkyscraperCity – click on picture for post

It appears the plan is to replace three one story office buildings (here) with three nine story apartment buildings totaling 582 units (from Accela though some say it is more) with 12000 sq ft of retail and a bunch of parking.

We do not really have much on this version of the project.  In the Accela file are renderings of a seven story version of the project that have some of the blandest buildings known to man (not this kind of stuff, we mean really bland).  Hopefully, the newer version is not that bad because having density (as long as it is decently designed) along Fowler would be a good thing.

East Tampa/Governance – Parks and Rhetoric

There was an odd Times editorial regarding the redevelopment of Fair Oaks Community Center/Park.

Tampa taxpayers, you’re about to make history — your first $100 million park.

Rather than copy the whole editorial, we will just go to the setup for the odd part.  First, the park started out as a $200,000 idea, then kept growing until:

By early 2020, though, several council members were pushing to replace the community center with a new building, at an estimated cost of $4 million. That August, Castor announced the city would expand and overhaul Fair Oaks, at a cost of $18 million. The city hired a design team, which in 2022 began the “public outreach and envisioning phase.” That’s government-speak for community meetings where politicians and residents lard up the wish list.

No surprise, it worked. . .

And the price went up again, too: $34,686,537 — which officials hailed as being under budget because the city was open to spending even more.

Gwendolyn Henderson, the council’s only Black member, defended the project this month as an “overdue” investment in Tampa’s African American neighborhoods. “A big, beautiful $40 million park is going to be built in a Black community,” Henderson said during the meeting March 7. “If you don’t like that, that is not something that I actually care about at this point.”

But the issue here is cost and financing, not the park’s location. Fair Oaks won’t cost $34 million; after expenses for land and other incidentals, construction costs total $41.2 million. Virtually all of that (about $37 million) will be borrowed, so add another $28 million for interest payments over the 30-year term of the bonds. That puts construction at $69 million. Add another $39 million to operate the park over the 30-year bond period. By the time it’s paid off, the park will have cost $108 million.

Certainly, wildly escalating costs (like the Hanna facility) should be reviewed.  But this is where things get odd:

By contrast, Tampa spent under $36 million to remodel downtown’s Riverfront Park, its costliest park to date. Nearly half the funding came from the city’s share of the BP oil spill settlement. Compared to Fair Oaks, Riverfront cost half as much and is twice the size, and its remodel was part of a deliberate plan (that worked) to attract hundreds of millions of dollars of investment to neighborhoods west of the Hillsborough River.

That is, shall we say, an imperfect comparison. Where are the 30 year costs for Riverfront Park? Where are the 30 year operating costs? Why is there no estimate of those included in the math?  Where is adjustment for inflation (there has been quite a bit since Julian Lane Riverfront Park’s reconstruction, approved in 2016)?

Moreover, the City used basically the BP oil spill money and CIT money on the park so the debt is low, but then there is all the debt service for things that money was not spent on, like East Tampa parks, stormwater projects, roads, streetcar, etc. And by doing that, the city increased the costs of those things.  Oddly, that is how money works.  If you use it for a bauble here, you cannot use it for a need there.

If the Times wants to question the cost of the park and project mission creep, that is fine.  In fact, it is good.  We are open to hearing real arguments of why the Times thinks the project lacks merit.  We are open to an examination of the escalating costs and whether there is a problem in the process.

Unfortunately, the editorial does not really do those things.

Economy

— Insurance

Auto and homeowners insurance costs are going to be a major drag on Florida if things stay like this:

U.S. home insurance rates are approaching record highs this year, and Florida is leading the pack by a wide margin.

The average cost of coverage in Florida is nearly five times the national average at $10,996, and that figure is expected to rise an additional 7% to $11,759 in 2024, according to a report by insurance research firm Insurify. Florida far outranks the top 10 most expensive states. Louisiana ranks second at $6,354, Oklahoma third at $5,444 and Texas fourth at $4,456.

The average national rate was $2,377 in 2023, an increase from $1,984 in 2021, and an additional 6% increase to $2,377 is forecasted in 2024, according to the report.

There are various reasons put forward for the costs:

The increasing severity and frequency of catastrophic storms combined with higher reinsurance costs, higher construction costs and inflated home values are driving insurance prices higher in Florida and nationally.

To some degree that is probably true, but why are we so out of whack with Texas and Louisiana then?

Later in the week, we saw this:

One of Florida’s largest property insurers is joining a growing number of carriers expanding their business in the state on optimism that historic reform measures to stabilize the market are taking hold.

* * *

“We were founded in a crisis and, 17 years later, we’re recovering from an even more insidious crisis,” he said.

Legislative reforms passed in late 2022 and early 2023 to address litigation abuse in Florida are working, Ritchie said.

“I am more optimistic today than I have been since the crisis started nine years ago. It won’t be overnight, but we’re on a good course,” he said.

And this. Maybe the state on a good course (for someone), but we do not consider paying premiums almost twice as high as the next highest state to really be having the issue fixed.  (And we think it likely that most people are more concerned with the cost of insurance and getting claims paid rather than how much insurance is a private market and how much is something like Citizens.)

Moreover, when our rates are that high and some are pitching 165% five year returns on investment in the supposedly very stressed insurance market, it kind of just makes you wonder about the whole thing.

— Economic Dashboard

The city of Tampa has put out an online “Economic Dashboard” https://www.tampa.gov/economic-dashboard It has a number of stats that may be of interest, though some are a bit selective.  For instance, it has central business district office occupancy but not Westshore, which has more office space or the city overall.  But it is still worth a look.

USF – Cybersecurity

There was an interesting move at USF:

The University of South Florida announced plans Thursday to launch the first college of artificial intelligence and cybersecurity in the state.

The college, which is still subject to approval by the USF board of trustees, would offer undergraduate and graduate programs in addition to certifications and continuing education options. It would also bring together existing faculty at the university who research AI, cybersecurity and computing.

A USF news release said about 200 USF faculty members are already doing research in related subjects.

We are all for this.  It is an excellent idea regardless of whether it is the first in the state or not.

Rays

This week’s Rays news is here, here, here, and here.

History – Cigars

There was an article in the Times regarding cigar factories

Since 2009, J.C. Newman Cigar Co. has been Tampa’s last operational cigar factory.

Recently, the 129-year-old business located inside Ybor City’s El Regensburg Cigar Factory learned they have an even more notable distinction.

They now run the last operational cigar factory in the nation.

Throughout the country, there still exists small operations, like the storefront businesses rolling cigars along Ybor’s Seventh Avenue.

“However, these are essentially tourist stops, a cigar retailer with a couple of rollers, very different from [ours], which rolls 60,000 cigars per day,” said Drew Newman, fourth-generation owner and general counsel of the company. “I find this rather sad. Cigars have been an integral part of the American economy since the first tobacco crop was planted in the Virginia Colony in 1612.”

You can read more here.

Roundup 3-29-2024

March 28, 2024

A number of things came up this week and a number of things are going on this weekend, so, rather than try to do a whole Roundup, we decided to go with a picture (since it is worth a 1000 words, and all that).

The picture, taken in January, is of a newly constructed sidewalk at the plaza in Carrollwood where there is a Foxtail Coffee.  The pole in the middle of the sidewalk is actually a replacement for a previous pole in the same location.

When you hear about infrastructure improvements and all the good things they can bring, remember that, without citizen involvement, it can also bring this.

Enjoy your walk.

Roundup 3-22-2024

March 21, 2024

Contents

Tampa Heights

— 2315 N Florida

— Robles Park Redevelopment

USF – Stadium

Downtown/Channel District/Port – Not Yet

Transportation

— Survey

— Gateway Express

— PSTA

Governance/Politics

— Elections

— Affordable Housing

— Pensions

St. Pete – 400 Central

Rays

Meanwhile, In the Rest of the State

— Miami

— Jacksonville

Meanwhile, In the Rest of the Country

___________________________

Tampa Heights

— 2315 N Florida

There is a new proposal for an apartment building on Florida in the Tampa Heights area.  Accela for 2315 N Florida here.

Framework Group, a Tampa developer, wants to rezone a piece of property at the intersection of North Florida Avenue and Columbus Drive to make way for up to 206 apartments and 3,500 square feet of commercial space. Plans call for a maximum height of six stories or 90 feet, and it would be a single building only accessible from Columbus Drive.

The existing building on the property will be demolished.

The 2-acre property, which is south of Columbus Drive, east of Florida Avenue, west of Morgan Street and north of East Amelia Avenue, is within the Tampa Heights Historic district.

Here are some renderings:

 

From City of Tampa – click on picture for Accela

 

From City of Tampa – click on picture for Accela

 

From City of Tampa – click on picture for Accela

Looking quickly, this looks like a generic, new apartment building design.  However, (and we had to check a few times that we were not misreading it) the Columbus façade is basically a parking garage and loading dock while the Amelia façade is completely done up.  That is absurd.  Why should a main road like Columbus get the bad façade instead of a small side road with basically nothing on it?  It does not help Tampa Heights (or the city as a whole) to fill its major intersections and avenues with loading docks and parking garages. That is just a really poor effort, and it is completely unnecessary. It is just lazy design and should be changed.

It says a lot about the Tampa’s (lack of) standards that a developer in a historic district would even propose that design.

— Robles Park Redevelopment

Years ago we discussed plans being developed to redevelop the Robles Park housing (from 2020 here and here).  Now, there is something on Accela (3814 N Central Ave here).  It features:

Units: 1,850 (1,283 Affordable) (567 Market Rate).
Parking Spaces: 1,674 spaces (reduced via a waiver).
Floors: Varied between projects.
Height: 45-150 FT
Community center SF (HUB): 25,000 – 30,000 SF (Application does not specify).
Commercial SF: 41,000
Grocer: Approximately 30,000 SF

 

From Vilatic at SkyscraperCity – click on picture for post

 

From Vilatic at SkyscraperCity – click on picture for post

 

From Vilatic at SkyscraperCity – click on picture for post

You might note a few things.  First, there is a building that seems to be 150 feet.  It is the closest one to Florida. It is farthest from single family homes, but we would expect tit to draw some complaints (even though they are really not warranted). Most of the other buildings are 7-8 stories. (Interestingly, the Live Local law is attached to one of the documents justifying the project.)  None of those building heights should be an issue in this location.  If it is, the City is not really serious about housing.

There is also a decent amount of retail.  However, oddly, the largest block of retail in the tallest building runs up the side of the building (it looks like behind whatever is fronting Florida) not on the street.  Even if that is a grocery store it seems odd.  Of course, we would have to see a more detailed design to see why that might be and if it actually makes sense, but it is something to note.

Also of note is that the Zion Cemetery is included and apparently protected, which is a good step.

Overall, it looks relatively good.  Details matter, but it is a good start.

USF – Stadium

USF is moving closer to the stadium.

The University of South Florida Board of Trustees on Monday agreed to nearly $6.2 million in new funding for two projects that will prepare the school’s campus for a new football stadium.

An additional $3.625 million will go to the construction of the university’s new recreation fields on the southwest side of campus. The fields are currently located where the future 35,000-seat stadium will be. The latest expenditure will go toward the fields, lighting, fencing, dugouts and restrooms.

“Our plan is to have these fields completed on or around Thanksgiving of this year to enable access and use for the spring 2025 semester,” said Jennifer Condon, who was recently named USF’s chief financial officer.

Another $2.55 million will go to more permanent improvements to the new field area at USF Research Park, including water/utilities, sidewalks, a gravel parking lot and a fitness trail.

In total, the university expects to spend about $15.2 million on the new fields.

And that sounds fine, but then there was this:

The new fields are only expected to be used for seven to 10 years before the USF Research Foundation develops the land for research-related purposes.

Unfortunately, the article does not make clear where will all those facilities go then?  If there is a plan to move them again, why could they not just be moved there now so that the $15 million is not wasted?  There might be a solid reason for this plan.  We admit we do not know the logic, but that part sounds odd.

Downtown/Channel District/Port – Not Yet

The parking lot next to Sparkman Wharf is not going to be developed quite yet:

Port Tampa Bay’s board on Tuesday unanimously supported a request from developer Strategic Property Partners to extend its deadline for beginning construction on the Garrison lot by three years to Nov. 1, 2027. In 2018, the port board approved a five-year time frame for beginning construction as part of a sale and land lease agreement with SPP. In April 2020, as the Covid-19 pandemic stirred fears of a U.S. recession, SPP was granted a one-year extension of the original agreement.

SPP is controlled by Kirkland, Washington-based Cascade Investment LLC, the investment fund of Microsoft co-founder Bill Gates. Tampa Bay Lightning owner Jeff Vinik sold his share of SPP in mid-2023.

As Water Street and Sparkman Wharf — previously known as Channelside Bay Plaza — grow in popularity, SPP and the port have seen a significant uptick in parking revenues from the Garrison lot, according to board meeting materials.

“Things have changed a lot since we started talking about what we wanted to do with the Garrison lot,” said Brad Cooke, executive vice president at SPP. “We didn’t really have a sense [of the parking demand]. … We’re not in a rush to develop that space.”

SPP has managed the 275-space Garrison lot and the approximately 1,800-space Channelside Parking Garage since 2018, but Port Tampa Bay collects the revenue.

So, it is about needing surface parking downtown.  Well, this makes it less likely that something will get down there soon:

About 9% of the port’s revenue is from parking. Port Tampa Bay CEO Paul Anderson and other port leaders emphasized the importance of that money. The Channelside Parking Garage saw revenues climb 23% year-over-year between 2018 and 2023, with annual revenue of $8 million in 2023. The Garrison lot brought in $1.8 million in total revenue in 2023 and saw a YOY increase of 27% between 2018 and 2023.

“You can take as long as you want to figure out what you want to do with the vacant lot. We’re in no hurry,” Port Tampa Bay Commissioner Patrick Allman said.

Just do not expect anything on that lot anytime soon.

Transportation

— Survey

A few weeks ago, we mentioned a Hillsborough TPO survey and noted that it was more leading than most surveys we have seen.  Last week, the Business Journal had an article essentially promoting the survey but included an example of what we mean:

. . . The survey then highlights a number of potential funding options — including the renewal of the community investment tax and higher property taxes for the Hillsborough Area Regional Transit Authority.

Several sales surtax efforts, which would have boosted HART’s budget substantially, have failed in Hillsborough in the past few decades. The TPO also mentions the gas tax in the survey, which the county leverages at 7 cents per gallon rather than the maximum 12 cents per gallon. Commissioners would have to vote to change that.

Let’s be clear: one sales surtax passed but was poorly drafted and found to be invalid because of it.  The second surtax referendum lost.  What if that is the option we are OK with, like, going on the previous votes, somewhere between 45-55 percent of the County? Why is that option not in the survey?

Second,

“We’re asking, ‘Do you want to invest in fixing potholes and repairing bridges?’ Basically fixing the existing infrastructure,” TPO director Johnny Wong said. ‘[Or] do you want us to focus more on safety improvements?’ We’ve heard from many people that they’re unhappy with Hillsborough County consistently ranking toward the bottom of every category related to crashes. We’re always in the top five for most fatal counties.”

Other priorities respondents can list include improving transit, reducing traffic jams, and building more multi-purpose trails. . .

“Improving transit” is not very specific (people who starve transit can claim to be improving it). The survey has quite bare bones transit options. And we are not sure what the “reduce traffic jam” options are. Do they include getting cars off the road by giving broad-based alternatives?  Does it include getting away from the “dump all traffic on arterial roads and never build a grid” strategy?

We get that writing a survey is difficult and that trying to have a good plan in this area is, well . .  let’s just say . . . difficult, but we were (and still are) surprised at how leading this one was compared to others we have seen.  It feels much more like an attempt to validate preconceived ideas than an attempt to find out what people really want.  They can do much better (we know they can, because they have in the past).

All that being said, you should still take it, but comment extensively if they do not give you the solutions you want.

— Gateway Express

A couple of weeks ago, we discussed the latest delay in the Gateway Express project (here).  The focus of our discussion was not really about the project, but there is more news.

The southbound Interstate 275 exit onto Fourth Street North reopened to motorists on Monday, signaling progress on the oft-delayed Gateway Expressway project.

When the corresponding northbound exit opened in September 2023, the Florida Department of Transportation said the southbound one would open about a month later in October.

* * *

The Tampa Bay Times reported that the joint venture between Archer Western and the DeMoya Group recently ran into an “unforeseen delay” in acquiring overhead sign panels, contributing to the most recent delay.

Right now, the project’s estimated completion is set for spring. Lane and intersection closures are currently scheduled through March 23.

We are assuming they mean spring this year.  It is getting towards the end of March and when we were driving around it a few weeks ago, it seemed like there was work to do, so we are not sure about everything opening this month, but you never know.

We will still welcome the new connections when they open.

— PSTA

Speaking of leading, while the bill to restructure PSTA did not succeed this year, there is this:

State and local officials will discuss a long-planned initiative in St. Pete Beach, rather than the project’s location (repurposing parts of 34th Street South) in St. Petersburg.

Rep. Linda Chaney, who has sought to restrict Pinellas County’s ability to implement dedicated bus lanes, organized the March 25 town hall meeting with the Florida Department of Transportation (FDOT). Many St. Pete Beach residents have vocally opposed the SunRunner, which uses dedicated lanes to carry passengers to and from downtown St. Petersburg and the coastal community.

The 34th Street repurposing initiative, led by FDOT, will similarly eliminate general traffic and establish shared bus and right-turn lanes. Whit Blanton, executive director of Forward Pinellas, told the agency’s board Wednesday he would “explain the rationale behind the project” at the recently scheduled town hall. “And then we’ll go from there.”

“It feels like … blatant politics out in the open,” said City Councilmember Richie Floyd. “You’re hosting a town hall in a community that has shown negative opinions about bus lanes in a different community. It doesn’t feel right.”

So, the project is not in St. Pete Beach at all and St. Pete Beach gives no money to PSTA, but the public meeting for the PSTA project is in St. Pete Beach. At this point, can anyone really be surprised?

On the other hand, the move inadvertently shows why having transit in dedicated lanes is a good idea:

The St. Pete Beach Community Center will host Chaney’s town hall meeting. The facility is about six miles – or a 50-minute bus ride away – from the 34th Street project, which begins at the intersection of 22nd Avenue and extends to 54th Avenue South.

50 minute bus ride for six miles?  Given the neglect of/opposition to transit by various officials, it is not unexpected.

There are other issues raised in the article (here) and maybe those will cause it to not happen.  However, the broader interest to us is about extent people will to work to keep this area from having decent transit. 

Governance/Politics

— Elections

Last week, we discussed the County Commission cutting the Election Supervisor budget. (here) Then the Election Supervisor wrote an opinion piece.

I was shocked to find out that the Hillsborough Board of County Commissioners wants to take $200,000 out of my current budget, for the fiscal year that began Oct. 1, 2023, and runs through Sept. 30.

Commissioner Joshua Wostal proposed the budget cut because of what was — to him— an unexpected drop in active voters. But for me and my office, that was not at all unexpected. Legislative changes had mandated more robust list maintenance that would lead to moving more voters from active to inactive status, and I knew about that before budgeting. So there is no basis — nothing new — that supports a midyear budget reduction.

At the end of every fiscal year, I return unspent money to the county. The last County Commission meeting brought forward an interesting question. Does having money left over at the end of the year mean I’m fiscally responsible or fiscally irresponsible? Well, let me explain where the unspent money comes from.

And then he does explain.  It is all very straightforward and rational.  And properly funding the Election office is a way to promote election security.

Some Commissioners are relatively new at their jobs and may have not fully understood the situation.  (Others should have known.) However, it should not be clear that there really is no good reason for the Commission’s actions, and it should be reversed.

— Affordable Housing

This happened a few weeks ago, but we are just getting to it.

In a narrow 4-to-3 vote, commissioners ended an almost 30-year program that incentivizes developers to build affordable housing. The program, known as the Affordable Housing Relief Program, waives certain impact fees for eligible developers.

To Hagen, such a subsidy is vital amid a regional housing crisis.

“The market does not fund affordable housing,” he said. “You have to have some kind of subsidy source.”

During the Tuesday meeting, supporters of the program pointed out that the program has helped create 1,248 affordable homes over the past five years with a relatively small cost to taxpayers.

“It’s so de minimis in our contribution to this,” argued Commissioner Pat Kemp.

“It’s always de minimis when it’s with other people’s money,” Commissioner Joshua Wostal shot back.

Wostal and Commissioner Michael Owen argued the program isn’t a good deal for county taxpayers who pay for the waived impact fees through property taxes.

“It’s my position that we should not be padding developers’ pockets with taxpayer dollars,” said Owen.

As noted, this program has been around for years. It has a good, targeted purpose and is used by organizations like Habitat for Humanity, which is not really padding the pockets of developers.

But, OK.  The Commissioners say they do not think there should be subsidies for development. As long as that really applies across the board and they do not try to sneak anything to for profit developers like subsidizing infrastructure, paying for things upfront that will be repaid later after inflation takes a cut for the value of money or giving any other fee breaks to developers in any way, then fine.  At least then they will be internally consistent.

We doubt that will happen, but time will tell.

— Pensions

We don’t often get into issues like this, but sometimes you just have to wonder what is going on.

Recently, the Times ran a couple of articles about one of the Fearless Four Tampa Police officers who it seems everyone agrees got screwed out of part of his pension (here and here):

Rufus Lewis’ portrait hangs in the lobby of the police headquarters downtown. The city’s website celebrates the bravery he and three other Black officers displayed. Mayor Jane Castor credits the actions of the “Fearless Four” — suing the city for discrimination in 1974, and winning — with opening doors that made her own advancement in the Police Department possible.

Yet even as the city pays homage to his legacy during Black History Month, Lewis said it has worked tirelessly to deny him something far more fundamental: his full pension.

Missing from the city’s tributes is any mention that his career was cut short. Lewis was injured playing basketball while representing the Tampa Police Department, part of a team organized to build community trust.

When problems with the veins in his legs persisted, the department placed him on unpaid leave, he said, forcing him into early retirement.

The city initially categorized his injury as occurring in the line of duty. The team, after all, was considered an important recruiting tool and a way to connect with younger residents and people of color.

The pension board later disagreed, concluding that the basketball games were not an official job duty and effectively slashing his pension in half.

The articles have a picture of him with the past two mayors.  And there is this:

The election of Mayor Castor in 2019, he said, stirred hope. Before entering politics, she rose through the ranks of the Tampa Police Department to become the first woman and first openly gay person to serve as chief.

Two years later, the city unveiled a monument to the Fearless Four, which dominates the downtown police headquarters.

“I would not be standing here today had it not been for the courageous action of each and every one of these individuals,” Castor said at the unveiling.

In 2022, Lewis met with her and then-police Chief Mary O’Connor.

He said that they recognized he’d encountered racial prejudice when he went before the pension board decades ago. But they said their hands were tied, and he says he didn’t hear more from them on the subject.

“Rufus is an absolutely wonderful person who dedicated his life to serving our community,” Castor said in a statement this week. “I have no authority over the pension, but I would love to see this work out for him.”

Last May, Lewis stood before the nine-member pension board, asking to be reconsidered.

The board’s general counsel opined that they did not have authority to switch Lewis’ disability pension to line-of-duty.

This all seems odd to us.  We do not know all the facts, but if everyone thinks he deserves more and was wronged by the police chief at the time (and that is how the articles make it seem), there should have been/be some mechanism to get him what he deserves.  We do not have the exact plan, but it seems unlikely that there is nothing that can be done, whether it comes from the pension fund or the City itself.

This happened in the early 80’s.  Maybe the rules (and politics) at the time were different, but there have been Police contract negotiations since then.  Did pensions never come up?  Could nothing have been done then?  There have been many City budgets.  There have been many mayors and many city councils.  Could they have not made him whole?

The bottom line is this: if. As the articles seem to indicate, everyone agrees that he was wronged by the City (if there is more to the story, let’s hear it), the City officials have had almost 40 years to figure out how to fix it.  You can decide the fact that they haven’t says.

St. Pete – 400 Central

St. Pete’s new tallest building is half-way done.

The St. Petersburg luxury condo tower that will be the tallest residential building on Florida’s West Coast is more than halfway complete.

Red Apple Group founder John Catsimatidis Sr., the developer of The Residences at 400 Central, gave a tour of the construction site March 16 to celebrate the start of construction on the 26th floor.

Suffolk Construction Co., the project’s general contractor, finishes a floor roughly every seven days.

The tower occupies an entire city block in downtown St. Pete and will total 1.3 million square feet at completion. It will include 60,000 square feet of retail and restaurant space. Catsimatidis said they are “actively exploring” ways to increase the existing plans for 45,000 square feet of office space on the site.

It is a cool building and will be a nice addition to St. Pete.  We are happy downtown St. Pete is growing like it is.

Rays

This week’s Rays news is here.

Meanwhile, In the Rest of the State

— Miami

The Financial Times had an interesting article on Miami:

Miami is positioning itself as a business haven to rival Switzerland, Monaco or Singapore, according to Francis Suarez, the mayor for whom the Florida city’s rise has become a springboard for his wider political ambitions.

The city had an influx of wealth and business during the coronavirus pandemic, in part because of its favourable conditions for companies and high earners. People who reside in the US state for half the year or more pay no individual income tax, and Miami boasts a corporate income tax rate of just 5.5 per cent.

“The world is expanding in terms of financial and economic activity. The world is saying, ‘OK, we need more than one Switzerland . . . We need one in America,’” Suarez told the Financial Times. “Miami is emerging as the Singapore or Switzerland of this new iteration. I call it the capital of capital.”

Suarez said he considered Miami’s peers to be international commercial hubs such as Switzerland (“a place where banking and finance feel safe doing business”), Singapore (“the Switzerland of Asia”), Abu Dhabi, Dubai, Riyadh and Doha.

That is pretty ambitious.  We do not know if they will succeed, but they might.

You can read more here.

— Jacksonville

We recently ran this from Jacksonville and it kind of reminded us of this Frontline about Tampa.

Kristen Burke and her husband, Harold, moved into their home in Russell Landing, a rural suburb just outside of Jacksonville, Florida, nearly 15 years ago. The quiet and tight-knit neighborhood sits next to a shaggy pine forest and a blackwater canal. “This was our dream home,” said Burke.

It wasn’t until 2018 that she realized the extent of the pollution lurking next door: according to Burke, who recently became part of a local watchdog effort, an industrial plant that once operated nearby left barrels of toxic waste buried in the ground and never came back to clean up.

Just beyond the chain-link fence at the end of their street, many of these 50-gallon drums can still be seen poking up out of the ground. The neighborhood knew about the abandoned factory, which shut down in the 1990s. But now residents and former employees say that the contents of these barrels, along with groundwater and air pollution that government agencies failed to adequately regulate for decades, have contributed to a pattern of cancers, heart disease, birth defects and genetic disorders.

You can read more here.

Meanwhile, In the Rest of the Country

WalletHub came out with a list of “Most Overweight and Obese Cities in the U.S.” We cannot vouch for its accuracy, but it is interesting. The least overweight is Seattle, followed by Honolulu, Boston, Denver San Jose. For instance, we are 76th (the lower the number the more overweight) out of 100,  Ahead (lower number) of us are some surprises like LA (74), Austin (66), and Raleigh (58).

For whatever it’s worth, you can read it here.

 

Roundup 3-15-2024

March 14, 2024

Given it is Spring Break, we have an abbreviated Roundup this week.

Contents

Transportation

— Step Back

— Malfunction Junction

— Brightline

— PSTA

Economy

— Rent

— Unemployment

— Wages

— House Values

— Architect Talk

— Population

Governance/Politics — Elections

Airport – Rankings

Rays

_______________

Transportation

— Step Back

It is always hard to get decent transit in the US, harder still in Florida, and it could get even harder:

New transit projects in Florida will face additional hurdles if Gov. Ron DeSantis signs two bills recently passed by lawmakers.

House Bill 287 seeks to cap how much of the state’s $14.1 billion transportation trust fund can go to transit projects, with some exceptions. House Bill 1301, meanwhile, restricts transit agencies’ advertising efforts, redistributes unallocated transit money to high-priority highways, requires transit administrative costs to be kept under certain thresholds and eliminates funding to airports, ports and transit agencies that mandate vaccines or masks.

And the vote was not on party lines:

House    95 Yeas – 11 Nays            (House has an 84-36 Republican to Democrat split)

Senate   38 Yeas – 2 Nays              (Senate has a 28-12 split)

In any event:

Florida wouldn’t be able to spend any more than 20% of its transportation trust fund on transit projects under HB 287, unless a supermajority of county commissioners approve the project or if the federal government has already allocated money to it. High-speed rail and BRT projects that don’t impact traffic flow on surrounding highways also would be exempt.

Road builders have been trying to pass the bill for several sessions. Wong said the bill shouldn’t be a dealbreaker, but Blanton called it short-sighted.

There really is not reason for the law.  If the State or Legislature does not want to give money to a certain project, it doesn’t have to. It does not need a specific law. But, at this point, we are used to such laws.

— Malfunction Junction

FDOT is beginning its latest not-really-fix of Malfunction Junction.

The early stages of a $223.5 million effort to improve congestion at the intersection of Interstates 275 and 4 has begun.

* * *

. . . It will also propose community enhancements in the Tampa Heights neighborhood — historically opposed to the nearby highway widening — to possibly include pickleball courts, fitness stations and other amenities abutting a walking trail. The city of Tampa must maintain any of the amenities that are constructed.

Lane Construction, the highway project’s contractor, has begun the microtunneling and drainage work needed before the more intense construction activities can commence. Bridge demolition activities over 14th Street will occur this month, FDOT spokesperson Kris Carson said. 

Changes to the busy interchange include:

The project is expected to be complete in 2027. Expect nighttime closures between 11 p.m. and 5 a.m.

While we do not mind the two lane ramp idea, we doubt it will really work smoothly in the end (especially if you are trying to get to or come from the Connector).  And, as with other interstate fixes that exist without real transportation alternatives, we cannot say we think this project will really achieve that much in the long run. The already overburdened roads will not keep up with the increased load put on them.

We need other options.

— Brightline

An attempt to secure some money to move the Brightline Orlando to Tampa segment just a little bit forward did not succeed.

An appropriations request in the Florida Legislature that would have helped pave the way for Brightline’s expansion to Tampa has died.

Rep. Karen Gonzalez Pittman and Sen. Jay Collins requested $50 million to spur the rail expansion process along Interstate 4 before the legislative session. The final budget to be voted on this week doesn’t include any money for the project.

A Brightline spokesperson didn’t respond to a request for comment.

The money would have been spent alongside a larger $2.4 billion road construction project that will add more than 14 new miles of tolled express lanes from west of U.S. 27 in Polk County to east of State Road 536 in Orange County.

(For those keeping score at home, those road numbers come out to over $171 million/mile for a few lanes that are designed to not encourage people to use them to full capacity.  And, presumably that does not include any right of way costs)

Regardless of the outcome, the Brightline prep appropriation was a good idea (and those who proposed it should be commended for trying).

— PSTA

It seems that the changes to PSTA will not happen after all:

The board of directors for the Pinellas Suncoast Transit Authority will keep its current 15-member structure, as a bill that would have overhauled the agency died in the Florida Legislature Thursday morning.

The bill, sponsored by St. Pete Beach Republican Rep. Linda Chaney, would have downsized the board to 11 members, among other measures. It passed the state House of Representatives on Monday.

But Chaney’s proposal was a local bill — it would have affected only Pinellas County — and such bills can be pulled from consideration by a single state senator after passing the House. Thursday, Sen. Darryl Rouson, D-St. Petersburg, nixed it.

In an emailed statement Thursday evening, Chaney criticized the legislative process for local bills, the transit authority’s ridership numbers and its continuing use of buses rather than smaller “micro transit” vehicles.

We are glad it went nowhere.  The legislation had little to no merit, though we doubt we have seen the last of it.

Economy

— Rent

There had been some news that rents had gone down a tad from the highs.  Well,

The latest report by the technology-powered real estate brokerage Redfin shows that the median asking rent has seen its highest gain since the beginning of last year.

The median U.S. asking rent rose 2.2% year over year to $1,981 in February, the largest gain since January 2023, and increased 0.9% from a month earlier. 

“Mortgage rates ticked back up in February — a disappointing development for prospective homebuyers, who just a few months ago got a glimmer of hope as rates finally started to fall,” said Redfin Chief Economist Daryl Fairweather in a statement. “With rates still elevated, many are opting to continue renting, which is buoying rental demand, and as a result, rent prices.”

Throughout Tampa Bay, the median rent sits at $1,847 for a studio apartment, $1,576 for a one-bedroom and $1,837 for a two-bedroom, according to the data.

Downtown Tampa, Hyde Park and Northwest Tampa remain the most expensive places to rent an apartment in the Big Guava, with asking rents near $2,500 a month.

We are not sure what “Northwest Tampa” in the article refers to exactly, though, looking at the linked data at rent.com, it seems to mean NW Hillsborough County (like Carrollwood, Westchase, Citrus Park, etc.).

In any event, as we have said many times, the best way to help keep prices under control is to increase housing supply.  Neither the City not the County have really addressed density or come to grips with the fact that if you want to keep increasing population you actually have to account for the new people.  You can build housing by sprawling, creating a transportation nightmare, making infrastructure maintenance ridiculously expensive, and destroying anything you liked about your natural environment (which is Hillsborough’s historical pattern) and running out of land artificially quickly or you can increase density and have transportation alternatives and preserve some open space and land for the future. That does not mean you get rid of any suburban development, but you do not subsidize and favor sprawl and you allow for more density and more traditional development.

— Unemployment

Meanwhile,

Florida’s unemployment rate stood at 3.1 percent in January, unchanged from a revised December rate, as the workforce continues to steadily grow.

The Florida Department of Commerce on Monday estimated 340,000 Floridians were out of work in January, 1,000 more than in December and an increase of 37,000 from a year earlier.

Meanwhile, a labor force of 11.077 million in January was up by 16,000 from December and 243,000 from a year earlier. The unemployment rate in January 2023 was 2.8 percent.

But

The state’s metropolitan statistical area with the lowest unemployment rate in January was the region including Miami, Fort Lauderdale and West Palm Beach, at 2.4 percent. Within the area, the Miami-Miami Beach-Kendall region was at 1.4 percent and Fort Lauderdale-Pompano Beach-Deerfield Beach region was at 3.1 percent.

Among other parts of the state, the Naples-Immokalee-Marco Island area was at 3 percent; the Orlando-Kissimmee-Sanford area was at 3.2 percent; the Jacksonville, Tallahassee and Tampa-St. Petersburg-Clearwater areas were at 3.3 percent; and the Pensacola and Gainesville areas were at 3.4 percent.

At the other end of the spectrum, the Homosassa Springs area was at 5.2 percent, The Villages area was at 5 percent, the Sebring area was at 4.7 percent, the Ocala area was at 4.2 percent and the Lakeland-Winter Haven area was at 4 percent.

The metro area rates are not seasonally adjusted. The statewide rate is seasonally adjusted to try to measure and remove influences of predictable seasonal patterns.

3.3 % is not bad at all, but we are curious about why there is a difference between areas and if it will continue.

— Wages

Meanwhile,

A recent report by ADP shows that wage growth is rising in Florida, and median salary continues to increase for workers who have stayed in their roles for a year or more.

The financial services website released its monthly job report highlighting the salaries of the same cohort of almost 10 million individual employees over 12 months.

Workers in Florida are making 5.6% more on average compared to February of last year. That brings the median annual salary to $51,900 for Florida workers who’ve stayed in their role for the past 12 months. 

Nationally, the year-over-year median change in annual pay was 5.1% for those workers who have stayed in the same job for the last year, the smallest gain since August 2021. For those who switched jobs, the median change in annual pay was 7.6%, which is the first increase since November 2022.

The Business Journal links to a report here. And if you dig further through the ADP website, you find more detail on pay here. It indicates that the in February national median annual pay for job stayers was $58,900 (5.1% growth).  There is quite the gap between the national number and the Florida number, so even if our growth rate is moderately higher that the nation as a whole (and growth is good), in terms of actual dollars, it is not clear we really shrinking the gap.

— House Values

And then there is this:

Home values in the Tampa Bay metro area rose 4.7% last year, slightly below the national rate, according to a new study from Redfin.

The Tampa-St. Petersburg-Clearwater housing market gained about $24.2 billion in value during the 12-month span that ended December 2023, according to the Seattle-based online real estate company’s analysis. The metro’s total home value was estimated at $538.50 billion.

Nationally, home values grew 5.3% over the year, Redfin said. Redfin analyzed home values for more than 90 million residential properties across the U.S. for the study. It found that the nation’s housing market added $2.4 million in value over the past year to reach a total of $47.5 trillion. 

Redfin said the 5.3% national uptick marked the largest gain in nearly a year.

It is only a snapshot, but not keeping up with the national average growth is kind of odd for a boomtown with a housing crisis, unless people are just tapped out and cannot afford anymore. On the other hand

Throughout Tampa Bay, the median listing price for a home sits at $416,000, staying on the market an average of 57 days. The average U.S. home was valued at $495,183 as of December, up from $474,740 a year earlier.

There is money somewhere. It will be interesting to see where this goes.

Meanwhile,

Home construction is slowing down in Florida for the second straight year, according to permitting data in a new study.

The study, from real estate search company Point2, found that 193,192 permits were issued in the state last year, a 9% decrease from 2022. Permits for buildings with more than five units fell 13%.

The news that fewer new homes are in the pipeline is concerning given rapid population growth that is already creating havoc in the market, as a lack of inventory is driving housing costs up and pushing people out.

Despite Florida’s drop, it remains ranked among the top three states in the number of permits issued for new homes. It joined California and Texas in issuing more than 100,000 permits last year, the report found. 

The hardest hit major metro market in the state was Tampa-St. Petersburg, where permits for new homes fell 15.24%. Among Florida’s three other major markets, permits for new homes fell 12.44% in Jacksonville, 11% in Orlando and 7.65% in Miami-Fort Lauderdale.

From the Business Observer – click on picture for article

Being on the list of the most permits but having the number of permits actually drop is a mixed message.  Given the overall situation in the local housing market, though, it will not get fixed with decreasing construction over time.

You can read the report here.

— Architect Talk

Most decent sized projects involve architects in some way.  Therefore, they have a decent idea about development trends.

Tampa Bay architects foresee a slowdown in the region’s development boom after a year of rising interest and insurance rates and labor demands.

The Tampa Bay chapter of the American Institute of Architects surveyed 124 local architects for its 2024 Voice of Architecture report and found a general sense of caution regarding the area’s real estate development outlook. Of those surveyed, 79% were either principals or managers.

* * *

“Certainly, the outlook for real estate development and construction is positive,” Angela Hendershot, principal at Rowe Architects and president of AIA Tampa Bay, said in a release. “That said, there are plenty of economic challenges tempering optimism about the year ahead, including the impact of higher interest rates on costs.”

According to the survey, 80% of the architects believe that the higher interest rate environment has hurt their businesses. Of those, 34% said it has caused a “major negative impact.”

The survey also found that 57% of the architects have cut costs to compensate for the higher interest rates.

“Between interest rates, insurance, and plateauing rental rates, it’s very difficult to make anything pencil,” Rachael Brown, who leads commercial real estate lending for the Bank of Tampa, said in a release. “Many developers and investors are in a holding pattern, waiting for rates to come down.”

All that is reasonable.

Despite that outlook, there is still a widespread belief that development in Tampa Bay will remain strong. In 2024, 81% of those surveyed believed the development-related economy would be good or excellent, 8% higher than in 2023’s survey.

That sounds contradictory, but we suppose “strong” is a relative term.  We will see.

— Population

In related news, the Census came out with new population growth numbers.  Among the interesting items:

The Dallas-Fort Worth-Arlington, TX metro area surpassed 8 million residents between 2022 and 2023, adding 152,598 residents for a total population of 8,100,037. This was the largest numeric population increase of any U.S. metro area between 2022 and 2023, followed by Houston-Pasadena-The Woodlands, TX, which added 139,789 over the same period, bringing its total population to 7,510,253.

Other metro areas that experienced notable population gains between 2022 and 2023 included Atlanta-Sandy Springs-Roswell, GA (68,585); Orlando-Kissimmee-Sanford, FL (54,916); Tampa-St. Petersburg-Clearwater, FL (51,622); Charlotte-Concord-Gastonia, NC-SC (50,458); and Austin-Round Rock-San Marcos, TX (50,105).

Florida had four of the five fastest-growing U.S. metro areas between 2022 and 2023: Wildwood-The Villages, FL (4.7%); Lakeland-Winter Haven, FL (3.8%); Ocala, FL (3.4%); and Port St. Lucie, FL (3.1%). Myrtle Beach-Conway-North Myrtle Beach, SC, ranked 3rd (3.7%).

Top 10 U.S. Metro Areas in Annual Numeric Growth:
July 1, 2022 to July 1, 2023
Rank Metro Area April 1, 2020
(Estimates Base)
July 1, 2022 July 1, 2023 Numeric Growth
1 Dallas-Fort Worth-Arlington, TX 7,637,398 7,947,439 8,100,037 152,598
2 Houston-Pasadena-The Woodlands, TX 7,149,604 7,370,464 7,510,253 139,789
3 Atlanta-Sandy Springs-Roswell, GA 6,106,847 6,238,676 6,307,261 68,585
4 Orlando-Kissimmee-Sanford, FL 2,673,391 2,763,017 2,817,933 54,916
5 Tampa-St. Petersburg-Clearwater, FL 3,175,291 3,291,341 3,342,963 51,622
6 Charlotte-Concord-Gastonia, NC-SC 2,660,348 2,754,657 2,805,115 50,458
7 Austin-Round Rock-San Marcos, TX 2,283,379 2,423,170 2,473,275 50,105
8 Phoenix-Mesa-Chandler, AZ 4,851,102 5,020,870 5,070,110 49,240
9 San Antonio-New Braunfels, TX 2,558,115 2,655,928 2,703,999 48,071
10 Miami-Fort Lauderdale-West Palm Beach, FL 6,138,356 6,139,812 6,183,199 43,387

We are going to have to put those people somewhere and be able to move them around (and there is only so much room for widening roads).

Governance/Politics — Elections

Meanwhile, the County Commission is doing Hillsborough County Commission things (actually this is odd even for the County Commission):

In an unusual 4-3 vote Wednesday, Hillsborough County commissioners agreed to cut the election supervisor’s already-approved budget by $200,000.

Commissioner Josh Wostal called for the reduction of longtime Supervisor of Elections Craig Latimer’s $18 million budget, pointing to what he called “a historic unexpected 11.5% drop in active registered voters.”

Wostal questioned the cost of election-related mailers to “these inactive/ghost registrations” and calculated that they cost approximately $200,000 in postage, printing and packaging.

But Latimer said the drop in active voters wasn’t unexpected — it was due to changes in the law on how voter lists are maintained.

He told Wostal in an exchange of letters last month that the 100,000 voters moved to inactive status are “real people (not ghosts) who don’t always update their voter information on a regular basis.”

Those residents weren’t removed from the voter roll, Latimer said, and remain eligible, registered, inactive voters.

Latimer also said the number of active registered voters increases significantly in presidential election years — by nearly 62,000 in the six months before the 2020 election, for example. He said misinformation about voting is always a challenge.

Given what has gone before, that is not really surprising. Interestingly:

Wednesday’s vote broke down along party lines, with Republicans Ken Hagan, Michael Owen and Donna Cameron Cepeda joining Wostal, while Democrats Harry Cohen, Pat Kemp and Gwen Myers voted no. A public hearing will be held April 3 to reduce the budget by $200,000 and reallocate the money to public safety projects.

We did not know the Commissioners were so soft on election security.

And we are not really sure the point of this move. In recent history, Hillsborough’s elections have historically been pretty well run (unlike some parts of Florida).  And they do not seem to be controversial. Consequently, we are surprised the Commission majority is cutting money to the Election Supervisor’s office in a Presidential election year with all the rules, challenges, and changes to the voter rolls. We like the lack of voting drama in our county, and we would prefer to maintain a well-funded election office that communicated properly with the public to make sure our election stay smoothly run and secure.

Airport – Rankings

The Airport got a few more accolades recently.  First,

This morning, Airports Council International announced that Tampa International Airport has been ranked #1 in its annual Airport Service Quality (ASQ) Awards among North American airports with 15-25 million passengers for calendar year 2023.

The ASQ Awards, recognized globally as an industry-best airport customer experience measurement and benchmarking program, use passenger survey data to identify the industry’s best-performing airports around the world. Using 30 key indicators such as cleanliness, amenities, helpfulness of staff, wayfinding, and security, the award recognizes airports with the top 20% overall satisfaction score by size and region at departure.

You can see more results here

Then, Time Out ranked its Wi-Fi third best in the US (you decide for yourself about public Wi-Fi security in general).

Rays

Rays news here, here, here, and here.

Roundup 3-8-2024

March 7, 2024

Contents

Transportation

— Selmon

— Amtrak

— Gateway Express

— Himes

Governance/Politics

— A Little Civics Lesson Every Now and Then is a Good Thing

— Referendum Money

— CIT

— HART

— Live Local

West Tampa/Downtown/Hyde Park – On the Waterfront

Visual Pollution, Cont

Rays

Time

Meanwhile, In the Rest of the State

__________________

Transportation

— Selmon

For a while now, there have been ideas floated to change the Selmon exit at Florida downtown (like the earlier one here).  Now, there is a new idea:

Downtown Tampa’s road network is one step closer to a major overhaul that will improve pedestrian safety and access to Amalie Arena and Water Street Tampa.

The Tampa Hillsborough Expressway Authority tweaked plans to improve the Lee Roy Selmon Expressway and the surface roads surrounding Water Street and the Channel district. As downtown has grown, the neighborhoods surrounding the urban core remain disconnected. Moving between downtown districts can confuse the conventioneers, cruise passengers, hockey fans and concertgoers who drive in for events.

Among the changes:

“[This] is a much better alternative than what it was,” THEA CEO Greg Slater said of the changes.

The plan to connect Brush Street with Meridian Avenue via a new section of Whiting Street dovetails with removing the CSX railroad tracks leading to the shuttered Ardent Mills flour mill. Strategic Property Partners, the developer of Water Street, acquired the flour mill in 2018. Infrastructure construction on the former flour mill site is underway, paving the way for Water Street’s second phase.

THEA board members voted to reassess the design of the transportation project in June 2022 following input from the city of Tampa.

“Our city is growing so rapidly, and really our Achilles’ heel is the transportation congestion that’s coming,” Tampa Mayor Jane Castor said Monday. “Unfortunately, that’s the issue that takes the longest to address.”

 

From the Business Journal – click on picture for article

We do not see how cutting Nebraska off from Whiting helps reconnect the grid at Whiting. It may help connect another road (though that is not completely clear) but it is cutting others. And we do not see how removing a ramp that lands right at the arena’s front door helps access to the arena. (To us, the cars looping onto Florida are far scarier as a pedestrian than the ramp that came down near the arena, and people flying off the highway into a curved, downward sloping exit at Whiting is not going to be particularly pedestrian friendly). If anything, this new plan is a wash – except for the cost and the fact that a big ramp wall is not very attractive and it appears it longer and harder to walk under or around than what is there now.

The previous plan linked above with the pedestrian tunnel under the ramp and green space seemed to make a lot more sense to us (though maybe not three lanes at the end of the ramp).

We appreciate the City trying to work on the themes discussed, but a little more thought on this one seems in order.

— Amtrak

There was interesting news about Amtrak service (or lack thereof):

A proposed Amtrak route stretching from Chicago to Miami would bypass Tampa under its current design.

The Federal Railroad Administration has proposed a list of 15 preferred new long-distance routes that would add over 23,000 long-distance miles to Amtrak’s network — more than doubling the national passenger railroad’s reach.

The Chicago to Miami route would stop in cities like Indianapolis, Nashville, Tennessee, Atlanta and Orlando. But the configuration excludes Tampa.

Why?  It is not clear.  It could be an oversight by the planners.  It could be laziness or complacency by local officials in not advocating for inclusion.  It could be both. It could be something else. Regardless,

Tampa Union Station leaders wrote a letter to the feds urging the city be included. They also invited the public to voice their opinions by March 8.

“Our city was not invited to participate in the study, so we want to take this opportunity to voice our support for future connections to Tampa Bay — and Tampa specifically,” Tampa Union Station President Brandie Miklus wrote in a Feb. 28 letter. “With 3.3 million residents and rapidly increasing, Tampa Bay stands out as one of the fastest-growing major metropolitan areas in the United States. Tampa boasts the highest ridership among all Silver Star stops. Further, Florida’s Gulf Coast, especially Tampa Bay, maintains much stronger connections with the Midwest compared to the state’s east coast.”

Miklus also highlighted the investments into Tampa Union Station that will replace windows and doors, upgrade restrooms and repair the interior plaster. Tampa is currently connected to Orlando and Miami via rail, with one train per day to both cities.

 

From the Times – click on picture for article

Looking at the map it looks like the path even swerves towards Tampa but then turns away.

A proposed preferred route between Dallas-Fort Worth and Florida included in the same study also bypasses Tampa, but includes five other Florida stops: Pensacola, Tallahassee, Jacksonville, Daytona Beach and Miami.

The whole thing is quite odd in theory, but not unusual for this area.  We often seem to get overlooked or underserved, and local officials often let it slide.  We should stop letting it slide.  There is no good reason to not have us on the line and more integrated into the infrastructure of the state and country (especially if we are the breakout boomtown local officials seem to always be talking about).  And if the Federal government is going to invest in transportation, including rail, we should get our share.

The expansion is early in the process, with the long-distance proposals requiring both capital and operating money from U.S. Congress.

And

In an email, a spokesperson for the railroad administration stressed the study, a task set by the Bipartisan Infrastructure Law of 2021, is a “very early step in a comprehensive process to identify the actions needed to enhance long-distance service.”

The study would not “prevent a new or restored long-distance route from serving Tampa in the future,” the spokesperson wrote. It is “too early to definitively say where future Amtrak stations might exactly be located.”

Even in an initial concept, ignoring a major metro area like that makes no sense. (What is the point of reviving rail service if it arbitrarily ignores large chunks of population?)

We are glad that the Friends of Union Station brought it to everyone’s attention, but local officials and our Congressional delegation should have been on it already and should address it now.

The report is here (maps of Chicago-Miami route on pg. 63 and Dallas-Miami route on pg. 64) and general study website here.

You can send the study comments here.

— Gateway Express

One of the common complaints about transit projects is that they come in late and over budget (and, sadly, that is often true for a variety of reasons). But it is not unique to transit.

In November, David Gwynn, the Florida Department of Transportation secretary for the Tampa Bay area, came to the Pinellas County Commission with what he said was good news: The Gateway Expressway project would finally open to drivers in February.

It’s now the end of February, construction isn’t done and the DOT says the opening of the repeatedly delayed project has once again been pushed back. It will now open to traffic sometime this spring, said agency spokesperson Kris Carson, with finishing touches on the project extending through the summer.

The $600 million project will add elevated toll roads connecting Interstate 275 in Pinellas County to U.S. 19 and the Bayside Bridge. Transportation officials initially said it would be open by late 2021, but the finish line was later pushed back to 2023, then to this January and then to this February.

The latest delay has to do with the project’s contractor, a joint venture between Archer Western and the DeMoya Group, running into an “unforeseen delay” in acquiring overhead sign panels, Carson said.

The contractor also recently removed and replaced a finished overpass segment near 118th Avenue North after inspections led to concerns about its durability, though Carson said that process did not affect the project’s timeline.

It is certainly late. We did not see information about whether it is over budget.

As we have said previously, we think the Gateway Express project, for the most part, is a good project (and we are fine with the fixed tolls plan). It is now years late, but it is still a good idea and no one will notice the lateness in a few years.

However, it would be better if they could build things on time and on budget. And it would be nice if people acknowledged the truth that road projects have many of the same problems as transit.

— Himes

For decades, one of the few alternatives to Dale Mabry in northern Tampa has been Himes.  Himes actually goes from Palma Ceia all the way to Busch making it very useful.  It has well-spaced-lights.  The speed limit is not that fast but as an alternative route it is good.

Now, for whatever reason (probably the same ridiculous planning that pushes all traffic onto a small number of overburdened arterial roads), it seems the county has decided to start screwing it up.  Last week we were driving on Himes for the first time in a while and discovered that someone had put a 4-way stop at Himes and Idlewild (turns out this intersection is in the County just outside the Tampa City limits), not very far north of the light at Hillsborough from which many St. Lawrence and Jesuit families as well as others drive (that’s probably quite fun with a random 4-way stop).  It was not there when this was taken.  Moreover, Idlewild has speed humps to stop people cutting through from Dale Mabry and Habana.  In other words, someone decided to completely disrupt the flow of the road and counterintuitively make every car stop for at a not busy intersection that the County already tried to make less busy which is also right near a light. (It apparently did not occur to the traffic people in charge that their traffic interventions contradicted each other).

We understand slowing traffic and pedestrians safety.  Neither of those issues really applies to this particular intersection.  Frankly, as far as we can tell, it is likely either a poor decision to apply some traffic engineering theory inappropriately or caving to the loud complaints of a small group of residents, resulting in messing up one of the few alternatives to an overburdened and almost universally-accepted-as-horrible Dale Mabry. (Why the County would work hard to encourage more people to drive on Dale Mabry is beyond us)

Hopefully, it is some strange traffic experiment the news of which we missed and it will be removed forthwith.

Frankly, a light would have been much better.  At least, it would not disrupt any possible traffic flow by forcing every car to stop for no reason.

We could say much more, but we’ll just say it should be removed and the decision-making process should be reviewed.

Governance/Politics

— A Little Civics Lesson Every Now and Then is a Good Thing

Over time there has been a lot of debate about proposals to provide better civics education in Florida.  We are not going to get deeply into that, but this week a Times article made us serious consider the merits of the idea.  The article in question was discussing an attempt to ban the Hillsborough indigent care tax.  (We are not going to discuss that issue, either).  Here is the relevant part:

A move by Republican Hillsborough County Commissioner Josh Wostal to eliminate the county’s indigent health care tax has hit a dead end in this year’s legislative session.

Wostal proposed the move to the county’s legislative delegation in a September meeting, contending that the tax is illegal because it was not voted on in a referendum.

* * *

The half-cent sales tax, largely the brainchild of the late Commissioner Phyllis Busansky, was enacted in 1991 by a supermajority vote of commissioners.

Wostal contended that it’s the only county tax in the state enacted without a popular vote, calling it “taxation with representation.”

“I’m confident that the strong leadership (in the delegation) will work with me diligently to make sure that this cycle is the last cycle that we illegally tax residents of Hillsborough County,” he said.

We do not know if the quote is accurate, but, if it is, we hope someone took this Commissioner aside and told him, “Excuse me Commissioner, but you are the representation.” But, in case that did not happen, we decided to do our own brief explanation.

In very simple terms, there is direct democracy and representative democracy/representative government. Direct democracy is where voters directly vote on things and, as it indicates in the name, directly say what they want. Because the voters have their own voice, it does not involve representation at all.  Setting aside all the legal processes and necessary approvals to get something on the ballot, a referendum is an example of direct democracy.

In simple terms, representative democracy involves voters choosing people to represent them. Those people then vote on behalf of the people they represent. (We will save all the debate about Burke’s ideas of what a proper representative does for another time.) A nice example (especially since the name is so clear), the House of Representatives has people elected to represent the interests of the voters, hence the name Representatives.

Here is a snappy British video about the difference between direct and representative democracy (and as anyone who watches cable news or any movie about ancient times knows, if the speaker has some British-ish accent, many think they have more gravitas and because we do not think there is  Schoolhouse Rock video exactly on point):

The slogan “no taxation without representation” arose because, before the American Revolution, the British Parliament was imposing taxes on the 13 colonies but the colonies did not have elected representatives in said British Parliament. Thus, they had no representation in the votes imposing those taxes.  It had nothing to do with the voters directly voting on each tax measure.

Fast forward to today, and we have a mostly representative government, including at the county level. In Hillsborough County, the elected representatives (and, admittedly, for many Commissioners, the term “representative” can in many ways be used rather loosely, but, for the purposes of this discussion, it remains accurate) are the County Commissioners. Having them vote on an issue (like the indigent tax, or fees or a zoning issue) is representation.  One may not like what they do, but that is still representation in the sense used in the slogan “no taxation without representation”. And if you do not like what they do, you can vote them out of office (at least in theory).

Now, if someone thinks every tax should be by referendum (how about all fees?), that is their choice, but it has nothing to do with the slogan or representation.

— Referendum Money

Speaking of taxes and referendums, it seems there is a new plan being formulated for the Referendum money:

Florida lawmakers on Monday laid out their latest spending plan for the voided tax revenue. Gov. Ron DeSantis, in his budget proposal, said the money should only go to transportation. Members of the House of Representatives didn’t fully agree.

Instead, the House plan would split the money in the following ways:

Chief Financial Officer Jimmy Patronis’ office currently holds $19.47 million in interest income associated with the transportation tax that would be transferred to the county’s sales surtax clearing trust fund, helping fund some of the above actions.

The interest amount, when added to the approximately $570 million in proceeds sent to the trust fund in 2022, brings the total to $589 million.

To us that sounds like they are trying to split the baby, as it were, and give everyone some money.  Of course, the funny thing about the split the baby story is that King Solomon in the original Bible story did not want to split the baby. He just said that as a tool to determine which woman was actually the baby’s mother. For those who do not remember: the woman who did not care about cutting the baby in half was not the mother.

Setting that aside, we can understand that attempt at compromise, but, first, why pay attorney fees with taxpayer money.  That sounds extremely questionable. The second is that not even the road priorities get taken care of because it seems to be all for resurfacing (which is needed but does not address other needs).  And then there is the complete lack of transit funding, which was almost half of the original referendum.

And that is not even getting to the fact that splitting the baby is kind of odd in this case.  If there was valid authority for the tax, why not spend the money?  And if there is not valid authority (which the Supreme unambiguously ruled it was not), how can the government spend any of it?

We had a lot more written about the referendum, but it gets tedious responding to the same, inaccurate talking points over and over, so we will just say this again and move on: the referendum language was obviously flawed from the beginning. There is no evidence that the majority of voters voted for anything other than the one thing on the ballot.  And no one voted on a resurfacing plan. The money belongs to the taxpayers, not the government.  And no one voted on attorney fees.

As for the Legislature, the split the baby plan is better than spending all the improperly collected money, but it still is a mess.

— CIT

In more tax news,

Hillsborough County Public Schools has found an ally in the Tampa Bay Chamber of Commerce.

The chamber sent a notice on Monday calling on its members to urge the Hillsborough County Board of County Commissioners to include the school system in the new version of the half-cent community investment tax. Commissioners are scheduled on Wednesday to provide formal direction to the county administrator and attorney to draft an ordinance that would eventually place the tax on the 2024 ballot.

Schools received 25% of the proceeds from the original version that voters passed in 1996, but that percentage could soon go to zero.

“Unfortunately, there is consideration by the Hillsborough County Commission to remove schools from this iteration of the CIT and we need your support in urging our commission to reverse course,” the chamber said.

As we said previously, renewing the tax as it is the most obvious thing to do.  Whether that happens remains to be seen.

— HART

But wait, there’s more on taxes:

A last-minute proposal has surfaced that would increase property taxes to support Hillsborough County’s underfunded transit agency.

The Hillsborough Area Regional Transit Authority’s revenue alternatives committee on Thursday requested staff to develop a discussion item for the full board meeting on April 1 regarding a potential millage rate bump. The committee, which doesn’t include any of the Republican county commissioners historically opposed to tax increases, has discussed several funding possibilities in lieu of the elusive transit sales surtax.

“We’re picking through rocks and stones and everything else,” said Gil Schisler, Temple Terrace city councilmember.

HART has a millage rate of 0.5, meaning it collects 50 cents for every $1,000 in assessed home value. The Pinellas Suncoast Transit Authority has a millage rate of 0.75. Both are unique among U.S. transit agencies for relying so heavily on property taxes for their operations.

Although changes have been discussed in the past, HART’s legal charter still prohibits any ad valorem levy higher than 0.5. Hillsborough County — along with the cities of Tampa, Plant City and Temple Terrace — would first have to ratify the charter amendment before citizens could vote on the proposal.

A referendum could only occur at a general election in an even-numbered year, according to GrayRobinson attorney Janice McLean. She called the millage increase hypothetical.

We are not completely opposed to the idea of raising the transit cap to be like Pinellas.  And it is not entirely clear if the real discussion is of just raising the cap or actually raising the tax rate now.  However, just how many taxes are we going to have on the ballot and who thinks having so many is a good idea?

Meanwhile, the City is doing its part:

As HART searches for any money it can get, staff discovered that the city of Tampa cut HART from some of the transportation impact fee revenue generated by downtown development.

The city in 2022 reduced its contribution to HART from 10% to 1% from the multimodal fees collected in the central business district, according to a presentation made Thursday.

The reduction cost HART over $291,000 in fiscal 2021 and 2022, which Director of Planning and Scheduling Justin Willits said could have been leveraged for more money through federal grants for things like new bus shelters downtown. The city said it would use the money for the design of the TECO Line Streetcar extension — a $185 million project that lacks a local funding source.

“Our agreement with HART states that the city may make up to 10% of impact fees eligible for capital improvement projects,” Tampa spokesperson Josh Cascio said in a statement. “In other words, the amount of funding is up to the city’s sole discretion. The city reduced the central business district allocation from 10% to 1% in order to fund the ongoing streetcar project development and design. The remaining five districts have the same 3% allocation.”

It “said it would use the money for” the streetcar design in 21 and 22.  Did they?  And is this the City’s streetcar funding plan?  Moreover, is cutting HART money how the City promotes transit?

Though, we have to say, we are not surprised.  This is how transit funding works in the Tampa Bay area.

— Live Local

The Live Local amendment saga continues.

Sponsored by State Sen. Alexis Calatayud (R-South Miami), the bill clarifies and adds provisions to the Live Local Act that was signed into law last year. Its purpose is to provide developers incentives to include affordable and workforce housing units in their projects. This includes granting developers the highest density a local jurisdiction allows if 40% of that building’s units are reserved for households that earn 120% of an area’s median household income. Those development rights must be approved administratively without a vote from local elected officials.

The new amendments will be enacted as soon as the governor signs the bill. The amended law’s provisions include:

The additional incentives proscribed in the legislation will make it easier for developers to include more affordable and workforce housing units in their projects in a difficult lending environment, said Henry Torres, founder of Coral Gables-based apartment building developer Astor Cos. This is especially true in the city of Miami where impact fees are deferred for affordable and workforce housing builders.

You can read the text here.

The changes still weaken original law, but not as much as was originally feared.  And for much of our area, the changes make no difference. It is still better than the nothing that existed before the original law and, as far as we can tell, it does not really address Pasco’s complaints. Nor does it change anything at the Rodeph Shalom site.

West Tampa/Downtown/Hyde Park – On the Waterfront

UT has a new plan for a new science building (Accela: 505 UT McNeel Ct)

Here are some renderings from the Accela filings:

 

From Vilatic at SkyscraperCity – click on picture for post

From Vilatic at SkyscraperCity – click on picture for post

 

From Vilatic at SkyscraperCity – click on picture for post

 

From Vilatic at SkyscraperCity – click on picture for post

The building looks OK, but there is one issue – it is built basically right to the water. It is difficult to tell from the drawings provided, but there does not seem to be a riverwalk connection going past the building.  (Hopefully, there is one and we are just having a hard time seeing it.)  If it is missing, it should be added because there is little point building all this riverwalk infrastructure if it is just going to be arbitrarily cut in various places.

Visual Pollution, Cont

Last week we wrote about floating billboards and noted that people complain about wind turbines offshore (even though we do not have the here).  Well,

If you drive through parts of Texas, California, the Midwest — or look off the coast of several northeastern states — you can see enormous wind turbines, their rotations powering millions of homes as part of a push to make wind part of our country’s energy future.

But not so in Florida, a state whose lower wind speeds have kept it from becoming a wind energy hotspot. And lawmakers are poised to pass a bill that could help keep it that way by banning offshore wind turbines in state waters.

That ban was recently added to a major energy omnibus bill that is nearing passage and is the priority of House Speaker Paul Renner, R-Palm Coast. The proposal would also roll back some regulations on natural gas pipelines and delete the majority of references to climate change found in state law.

Its backers, including Renner, say the bill is about reorienting Florida’s energy priorities to put affordability first. But opponents have panned the proposal as moving the state backward by further encouraging our reliance on natural gas and other fossil fuels.

While we are not surprised, we are not clear why we should rely on other states (and send them our money) when we do not have to.

You can read more here.

Rays

Still waiting. And lots of opinions here, here, here, and here.

Time

A while back, there was a move, without much explanation for where it came from and who really pushed it, to put Florida permanently on daylight savings time, otherwise known as Atlantic Standard Time and an hour ahead of the eastern US for half the year even though we are further west than much of the eastern time zone.  We always thought that if we were going to have one time, it should be Eastern Standard Time, which we are still in but leaving this weekend.  An opinion piece in the Times gives us more of a reason for our position.

However, the two time shifts — jolting as they may be — are not equal. Standard time most closely approximates natural light, with the sun directly overhead at or near noon. In contrast, during daylight saving time from March until November, the clock change causes natural light to be present one hour later in the morning and one hour later in the evening according to clock time.

Morning light is essential for helping to set the body’s natural rhythms: It wakes us up and improves alertness. Morning light also boosts mood — light boxes simulating natural light are prescribed for morning use to treat seasonal affective disorder.

Exactly.

Meanwhile, In the Rest of the State

Speaking of referendums:

Mayor Daniella Levine Cava will propose the new, property tax-backed debt package to voters later this year, she said. The largest portion of the money — about $800 million — will go to a fund that will finance affordable housing projects, while the rest will be used to improve the county’s infrastructure, including parks, sewage and roads.

“Cost of development is extremely high because land is so limited,” Cava said in an interview. While details of the bond proposal, set to be put on the ballot in November, are still being worked out, Cava said the “$800 million will go very fast.”

Cava, who’s seeking re-election in November, faces a housing crisis that keeps getting worse.

You can read more here. And an interesting article on Miami bonds here.