An embattled and heavily subsidized townhome project in South St. Petersburg should open in the spring of 2026 – five years after the city approved initial agreements.
However, construction on the development’s commercial component has yet to commence, and officials are now terminating their contract with One Community, the local nonprofit overseeing those efforts. City Development Administrator James Corbett told council members Thursday that they would seek “alternative plans.”
The public subsidy for each of the Deuces Rising project’s 24 units is nearly $500,000. While the development will provide much-needed affordable homeownership opportunities, the city has yet to establish a cost…