Hundreds of parking spaces in downtown St. Petersburg’s city-owned garages and lots would be made available to a private developer for the next 3½ years under agreements heading to City Council Thursday.
The three agreements would give City Center STF LP access to 430 spaces at public parking facilities to accommodate office tenants whose parking would be displaced by construction of the planned Waldorf Astoria Residences, a luxury condominium tower with an estimated cost of $500 million.
The agreements are scheduled to take effect Dec. 1, according to city officials. The developer would pay the city $38,200 per month initially, with annual rate increases. Two six-month extensions are also possible…