St. Pete kills deal with Blackstone-backed group to redevelop public marina
By Emma Behrmann
Tampa Bay Business Journal
Published: Jun 13, 2025

St. Petersburg has terminated negotiations with a private company that was slated to redevelop the downtown marina and will instead handle the project itself.

Safe Harbor Marinas, which was acquired by Blackstone Inc., was selected by Mayor Ken Welch last year after a request for proposals was issued in 2023 to redevelop and operate the city’s Downtown Municipal Marina. The finalization of Blackstone's acquisition paved the way to redevelopment last month, but City Development Administrator James Corbett told City Council members in a memo on Thursday that the city will self-perform the redevelopment instead.

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