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Port Authority to buy out Channelside center

Port Authority to buy out Channelside center

TAMPA, Fla. (TBO.com)- The Tampa Port Authority late Tuesday approved a plan to buy out the troubled Channelside retail and shopping complex for just under $6 million in cash, potentially ending years of legal and political wrangling over the nearly vacant property.

If all goes as planned -- and several legal steps must be sorted out -- the port authority could take full possession of Channelside in the next three to eight weeks. That, in turn, could not only open up the property for a serious face-lift, but also trigger wider redevelopment of the whole area for a potential baseball stadium site, according to several port authority board members.

“This is a fresh start,” said Tampa Mayor Bob Buckhorn after the Tuesday night vote. “This lets us take control of our own destiny.”



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