Library Property Site

Proposed Concept Design

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Downtown Parcels


The City Council authorized the City Attorney to draft the legal documents associated with the proposed Development Agreement Terms, Conceptual Plan on April 5.

DevelopmentTermsThe Development Agreement Terms were presented to City Council on March 1. Click here to see the staff report.  If approved by the City Council on April 5, then the City Attorney finalizes the legal documents. The Development Agreement will then be presented to the Planning Board, and the City Council will then host two public hearings prior to final consideration.

As a City Council priority for many years, the City of Oldsmar has initiated efforts to enhance the Community Redevelopment Area (CRA) by creating an identifiable, vibrant, and walkable downtown along State Street and St. Petersburg Drive. To support this vision, the City has invited input from the community over 82 times at various public meetings since 2001.

Since establishing a CRA in 1994, there have been many investments to improve the area, and progress toward the vision of creating a downtown. Some of the public investments include upgrades to the potable water system, construction of streetscape elements (parking, lighting, crosswalks, etc.), renovation of the former Oldsmar Bank building and the State Street Center, and construction of the Oldsmar Public Library.  The City also bought land for the redevelopment of a “downtown” corridor (depicted in the graphic).  The City owns about 7 acres of land next to and north of the Library, the “Library Site”, along St. Petersburg Drive, and about 8 acres of land, the “City Hall” site, which includes property on the north side of State Street from SR 580 to Washington Avenue.

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Past plans for the Library site property have included a multi-modal transportation facility (connecting to the CSX line), a community center, townhouses, and most recently, a hotel.  In February 2021, the City Council authorized the City Manager to negotiate with Devon S Rushnell, LLC to construct a mixed-use development consisting of townhouses and live/work units along St. Petersburg Drive to provide commercial activity. The proposal also contained a vision for a small theatre, which would be constructed and operated by the City.  As there are also many steps to this development, please take the time to learn more and participate in the process.  For more information about the Development Agreement process, click here.

Before any building can start at this site, there must be a development agreement.  A development agreement has two public hearings at City Council meetings.  To subscribe to meeting agendas, click here.