- Associated Press - Saturday, December 24, 2016

ST. PETERSBURG, Fla. (AP) - Some St. Petersburg, Florida residents are grumbling about whether there’s a need for a new pier, given the rising costs of a plan.

But St. Petersburg Mayor Rick Kriseman says it would cost the city $35 million not to build the replacement for the city’s landmark pier, which closed in 2013.

City officials tell the Tampa Bay Times (https://bit.ly/2hl1s1r ) that’s because the city issued two series of bonds.

One is worth $40 million for the pier, and the other is $20 million for a beach approach.

They say the bond money must be used for the plans for which they were intended.

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Information from: Tampa Bay Times (St. Petersburg, Fla.), https://www.tampabay.com.


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