Who is buying up St. Petersburg’s Salt Creek boatyards, and why?

The recent acquisition of two boatyards in St. Petersburg's Salt Creek area for $14. 8 million has sparked significant concern among local residents and business owners. Previously, a billion-dollar redevelopment plan fell through, leaving the community wary of new developments that might emerge in the wake of these purchases. City Council member Gina Driscoll emphasized the anxiety surrounding the unknown intentions of the new owners, which could lead to the loss of essential services for local boaters and skilled jobs in the marine sector.

Industry experts, like delivery captain Bill Herrmann, voice concerns that the disappearance of these boatyards may result in a shift towards lower-paying jobs, undermining the livelihood of local tradespeople. As the community grapples with the implications of these sales, the lack of transparency regarding the new ownership compounds feelings of uncertainty. Local stakeholders are left to wonder whether the new owners will prioritize community needs or pursue profit-driven redevelopment. The situation reflects broader tensions between economic growth and community identity in St. Petersburg.

With the area's future at a crossroads, residents anxiously await clarity on the direction of these significant investments.