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St. Pete’s credit rating gets a welcomed boost

in The Bay and the 'Burg/Top Headlines by

The City of St. Petersburg’s credit rating has been upgraded by Moody’s Investors Services from negative to stable. The upgrade in the issuer rating is based on the city’s large tax base, improved operating reserves and conservative budgeting practices. The upgrade “reflects the city’s return to positive financial operations. “My administration is committed to thoughtful fiscal management, rigorous expenditure controls and smart budgeting practices that keep structural balance in our finances and budget,” Mayor Rick Kriseman said. One of the…

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City Council approves Pier Park for new St. Pete Pier

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Pier Park is one step closer to becoming the new St. Pete Pier. After hours of public comment and debate, St. Pete City Council approved the Pier Selection Committee’s final ranking, giving Mayor Rick Kriseman authorization to begin negotiations with the Pier Park design team. The ranking was approved 7-1 with only council member Wengay Newton dissenting. The vote leaves Destination St. Pete Pier and all of its disappointed supporters on deck. Should negotiations for the $33 million construction budget…

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National electrical contracting firm to expand corporate roots, jobs in St. Pete

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Power Design, Inc., a family-owned electrical contracting business, is expanding its national headquarters in St. Petersburg. The $3 million move will bring 60 new jobs to the region, as well as maintaining 196 jobs. Gov. Rick Scott called the expansion “great news for families” in St. Petersburg. “Thanks to companies like Power Design who continue to grow and invest in Florida, businesses have created more than 841,000 private-sector jobs since December of 2010,” Scott said in a statement. “We are…

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City of St. Pete email quietly calls for Pier peace

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St. Pete Mayor Rick Kriseman’s administration is getting out ahead of an expected vote Thursday. City Council will hear a staff presentation regarding the Pier Selection Committee’s final ranking in which Pier Park came out on top. “We established a pier process that citizens on every side of this issue agreed would result in a fair and objective decision,” Kriseman wrote in a statement emailed to residents subscribed to citywide email updates. “I am proud that we have stayed true…

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Rick Kriseman is censoring Pier comments on his official Facebook page

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The Pier has been a passionate source of debate in St. Pete for years. Since 2005, when money was first earmarked for renovations to the inverted pyramid, the voice surrounding the Pier’s future has only grown louder. In 2013, the Pier seemed poised to get a facelift – removing the decades-old inverted pyramid and replacing it with a modern pedestrian and bike loop over the water called the Lens. But those diehard inverted pyramid fans rallied and the Lens was…

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St. Pete to kick off FY 2016 budget public forums Wednesday

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The first of three public forums to discuss the St. Pete’s budget is Wednesday at 6 p.m. at the J.W. Cate Center on 22 Avenue North and 58 Street. The Budget Listening Tour for the 2016 fiscal budget will be attended by St. Pete Mayor Rick Kriseman and City Council. Members of the public will have the opportunity to learn how the annual budget works and weigh in on their priorities and ideas for the upcoming budget year. During the three meetings,…

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Mitch Perry Report for 4.23.15 — Pier politics returns

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Today is the latest big day for enthusiasts and others regarding the Pier in St. Petersburg, as the design teams for the three finalists will put their best foot forward to attempt to impress the selection panel charged with choosing a team to present to the City Council. It’s between the designs known as Alma, Destination St. Pete Pier and Pier Park. You might recall the last time this selection committee got together. That resulted in a 12-hour marathon meeting…

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