Developer touts 3,600-unit vision

December 4, 2003
Developer touts 3,600-unit vision:[LATE TAMPA Edition]
DAVID KARPSt. Petersburg Times. St. Petersburg, Fla.: Dec 4, 2003.  pg. 1.A
Abstract (Article Summary)

[Ed Turanchik] could not only provide the lots - he could build the homes. Turanchik plans to open a factory in east Tampa - training and employing local residents - to manufacture the components of low- cost homes, said [Toni Riordan].

Turanchik's designs are much larger - about 3,600 units compared to 720 - and include about 160 acres that stretch from downtown to the gates of Ybor City on Seventh Avenue. Turanchik would not only develop the housing project, but he would also purchase the Tampa Park Apartments, a privately held property on the border of Ybor City.

Turanchik must also satisfy his investors, who are putting up millions for his vision. Records show that Turanchik wants to create a new tax increment financing district for the area, which would steer new property tax dollars to the project. Local governments would have to approve that.

Full Text (1014   words)

Copyright Times Publishing Co. Dec 4, 2003


Olympic booster Ed Turanchik plans to stand with some prominent black Tampa residents today to unveil a plan to replace about 160 acres of low-income, dilapidated housing downtown with a dazzling urban center that he says will transform the city.

Turanchik's plan would mean destroying the Central Park Village housing project and tearing down the Tampa Park Apartments, which sit on prime real estate between downtown and Ybor City.

In its place, private developers would build an upscale, urban community that would include about 3,600 residences. Developers would build several high-rises, retail stores, a new park and a lake, and a supermarket near Union Station, said Tampa Housing Authority member Toni Riordan, who has been briefed on Turanchik's plans.

All of this would go in an area now known for its drug corners and bars notorious as the sites of homicides.

If Turanchik succeeds, he would not simply transform the physical appearance of one of Tampa's most blighted neighborhoods. He would likely cause the uprooting of Tampa's poorest residents who have lived for generations in Central Park when no one wanted to call it home.

Where would the residents go?

According to Riordan and housing documents, Turanchik's plan includes two alternatives.

Some of the low-income residents could live in the new complex, which would include several hundred units rented at below-market rates. Others could be moved to homes being bought and renovated by another Turanchik company.

Turanchik's group has been acquiring more than 250 units scatted across east Tampa, west Tampa and Tampa Heights where residents could move, using federal housing vouchers.

Turanchik could not only provide the lots - he could build the homes. Turanchik plans to open a factory in east Tampa - training and employing local residents - to manufacture the components of low- cost homes, said Riordan.

The building of a factory in east Tampa would likely please Mayor Pam Iorio, who made it a campaign pledge this spring to lure a manufacturing plant to the area.

But the obstacles to Turanchik's goals begin at the Tampa Housing Authority, whose board members are appointed by the mayor.

Turanchik wants to convince the authority to abandon its application for a Hope VI federal grant to tear down Central Park, Riordan said.

"That's not going to happen," said Riordan, who wants to pursue the grant and still work with Turanchik. She has been asked by the board to deal with him on his proposal.

The housing authority must apply for the Hope VI grant by Jan. 20 - or lose the last chance to get millions in federal dollars to raze Central Park.

The U.S. Department of Housing and Urban Development is ending the Hope VI grants after this year. Authority officials have already hired consultants, designed a new upscale Central Park Village and met with residents about plans.

Turanchik wants the authority to join with his company instead, and rely on private money to fund the project.

But authority members have few details of Turanchik's proposal and no assurances that his for-profit investors will agree to terms that benefit the poor.

If the authority gets the federal grant, it will develop the new site into a neighborhood with 720 units of public housing, rent- subsidized apartments and townhouses starting at $165,000. It would also include shops and a 125-room hotel.

Turanchik's plan would be financed by about 30 investors, led by Lazy Days RV Super Center chief executive Don Wallace, a major backer of unsuccessful mayoral candidate Frank Sanchez. Other investors include developer William Bishop, who built the Westchase and FishHawk Ranch subdivisions.

Turanchik's designs are much larger - about 3,600 units compared to 720 - and include about 160 acres that stretch from downtown to the gates of Ybor City on Seventh Avenue. Turanchik would not only develop the housing project, but he would also purchase the Tampa Park Apartments, a privately held property on the border of Ybor City.

Turanchik would likely also have to acquire private property. His plan also calls for redesigning roads and creating a tree-lined corridor connecting Ybor City to the proposed new Tampa Museum of Art downtown.

"I am very excited about Ed's stuff - I really am," said Riordan. "It's a recipe for a private-public partnership.

"My goal is to put a deal together," she said.

But she wants Turanchik to answer three pages of questions, which she presented in writing to him last week. Among them:

Would the housing authority get a seat on the developer's board?

Who are all of the project's investors?

Would public housing residents have a say in designing the development?

Would the developer provide funds for social services?

How much money do the developers expect to make, and when?

Riordan still didn't have answers Wednesday evening, and Jerome Ryans, the authority's executive director, didn't know key details either.

Turanchik plans to meet with Ryans and Riordan on Monday and was calling other board members Wednesday with previews.

Turanchik must also satisfy his investors, who are putting up millions for his vision. Records show that Turanchik wants to create a new tax increment financing district for the area, which would steer new property tax dollars to the project. Local governments would have to approve that.

The project likely will also need to obtain housing tax credit from county and state housing finance agencies. And the City Council would have to approve zoning changes.

Politically, Turanchik's plan could pit the city's poorest against its most affluent and politically connected developers.

Quietly, Turanchik has been meeting with many of Tampa's black leaders. He invited several well-known figures - including C. Blythe Andrews, publisher of the Florida Sentinel Bulletin - to the unveiling today.

But already, some opposition has sprouted.

Members of the International People's Democratic Uhuru Movement plan to protest outside the Ybor City office where Turanchik is to hold his press conference at 10 a.m. The Uhurus oppose the forced relocation of public housing residents by for-profit developers.

They were not invited to Turanchik's private unveiling and probably will be asked to remain outside.

[Illustration]
Caption: Ed Turanchik; Photo: PHOTO

Reproduced with permission of the copyright owner. Further reproduction or distribution is prohibited without permission.
People:   Turanchik, Ed,  Riordan, Toni
Dateline:   TAMPA
Text Word Count   1014

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