The Bay is a community, city and park conservancy initiative to transform 53 acres of city-owned land, that is mostly parking lot, into a signature public park on Sarasota Bay. Once complete, The Bay will include a wide range of park uses that will be open and accessible, free and welcoming, to the full and rich diversity of our community for this generation and generations to come.
What is the difference between a master plan and implementation plan?
A park master plan is a conceptual design that shows a plan of possible uses by park goers. The original master plan for 53-acre site and Phase 1 was approved the city commission in September 2018.
A park implementation plan is a more detailed design that shows a plan of actual, feasible uses by park goers. The Phase 1 implementation plan was approved unanimously by the city commission in September 2019.
Over the next few months, the city planning and development department, the planning board and the city commission will be reviewing for approval code text amendments relevant to The Bay design and the Phase 1 site plan for final approval, permitting and development. Both the planning board and city commission meetings are open to the public for comment and input.
What has been accomplished to date?
The City of Sarasota and The Bay Park Conservancy (BPC) have completed two small, but important park development projects: restoring a natural and more resilient shoreline for Phase 1 and restoring and transforming the Fountain Garden.
The restoration of the Fountain Garden replaced exotic vegetation with Florida-friendly plants, created a no-mowing and no-fertilizer buffer around the pond to improve water quality and restored the pond’s historic fountain to enable aeration and improved water quality. For more details, read The Bay Conservancy Unveils Fountain Garden.
In March 2020, The Bay Park Conservancy and Jon F. Swift Construction began development of the Mangrove Bayou. The team will continue to develop this larger, multimillion-dollar restoration and enhancement of the mangrove area while the commission works through their review of the Phase 1 site plan. The Mangrove Bayou transformation could be completed and open to the public in early 2021.
The Bay Park is coordinated and managed by The Bay Park Conservancy (BPC), a not-for-profit organization with the responsibility to design, plan, develop, and help fund the park in phases, and then operate, program and sustain each phase as it is built out and completed.
The City of Sarasota unanimously approved a long-term, 15-year exclusive partnership agreement with the BPC which details the responsibilities of each partner. While the BPC is primarily responsible for design, development and management of the park, the city and the park conservancy share responsibility for funding, and for infrastructure and maintenance. The city retains ultimate decision rights over a public park on city land.
Ultimately, the city and the conservancy work in close partnership with the community who will be using the park on a regular basis.
The best preliminary cost estimate for a 50+ acre park at The Bay is $100 – $150 million, or $2- $3 million dollars an acre, to be developed in phases as plans are finalized and approved, and funds raised. (This does not include any cost estimate for a new performing arts center, which is being managed separately by the City of Sarasota and the Van Wezel Foundation). The estimated capital cost for Phase 1 is $22 – $33 million. View the estimated cost exhibit (as of April 2019) from the partnership agreement here.
How will The Bay be funded?
The Bay will be funded from a combination of private philanthropic gifts and government sources. Phase 1 will be funded 80% from philanthropy and 20% from government sources.
To date, over $12 million has been donated and another $4 million committed to The Bay by philanthropists. Local foundation support has led the way, as it did during our initial planning phase. The Patterson Foundation stepped forward with a generous initial gift of $2 million, and a challenge of another $3 million, to help raise $20 million or more from private sources to fund Phase 1. The Charles & Margery Barancik Foundation has donated over $1 million for the Mangrove Bayou project and to support The Bay Park Conservancy’s staff operations. Community Foundation of Sarasota County, Gulf Coast Community Foundation, and the William G. and Marie Selby Foundation have all provided support and commitments both directly and through their donors (cumulatively totaling in excess of $1.7 million).
Individual donors have been integral to The Bay’s momentum and we are grateful for all donor support. Outreach efforts included participating in the 2020 Giving Challenge, a fundraising event held by Community Foundation of Sarasota County. The Bay Park Conservancy (BPC) placed 18th out of 600+ other non-profit organizations for total dollars raised during the event, resulting in 450+ new Friends of The Bay who gave $25, $50 or more. Over $100,000 in donor gifts were raised for the BPC and with generous match funding from The Patterson Foundation, the total surpassed $135,000.
As our park partner, the City of Sarasota’s support has been instrumental in moving forward. Starting with a grant the city received for shoreline hardening, the city has also committed $1 million in funding for capital improvements toward the Mangrove Bayou improvements. In addition, as a city park, The Bay receives and will continue to receive funding to support park maintenance.
The largest government source of funding for the park will be tax increment financing (TIF) by the city and county.
What is a TIF?
The City of Sarasota and Sarasota County are working together on tax increment financing (TIF) for The Bay and the new Sarasota Performing Arts Center (PAC). A TIF is a proven and frequently used city and county financing tool that captures the future value of appreciating property to pay for the current development costs of a significant civic initiative, like The Bay and new PAC, that benefits the community broadly. The TIF will set aside new taxes from both new and current businesses and residents in a designated district. This TIF district comprises the area adjacent to and surrounding the new park and performing arts center, whose residents would benefit most from park and PAC development. A TIF for the park and PAC will not increase anyone’s taxes in the TIF district, city or county; rather, it is designed to collect the normal appreciation, if any, in commercial and residential real estate taxes within the TIF district and sets this incremental difference aside to be invested, distributed, or used to underwrite other financing, like a city bond, for the park and the PAC.
On September 22, 2020, the Sarasota County Commission voted 4 to 0 to proceed with cooperative funding in partnership with the City of Sarasota, for the Bay Park, in the form of an interlocal agreement. The 10 basic terms of this agreement were approved by the City Commission on December 2, 2019, and by the County Commission on January 14, 2020, and then reaffirmed by the County on September 22, 2020. The amount of matching funds will be calculated using Tax Increment Financing (TIF) methodology. Final approval of the joint City/County Interlocal Agreement should come before the end of the calendar year.
The Bay will be a world-class, signature park that is open and accessible, free and welcoming to the full and rich diversity of our community now and for generations to come.
The Bay Park will feature an unprecedented array of amenities including: a new state-of-the-art performing arts center; a new state-of-the-art public boat launch with a full complement of services; a canal district with a wide variety of food and beverage choices and docking capacity for boats of all kinds; abundant blue and green oases including a restored and enhanced Mangrove Bayou, Fountain Garden, walkways and bikeways, outdoor lawns and play spaces, and outdoor performance venues, and more.
The park will also include two incredible features that enable people to get up, out and over Sarasota Bay for spectacular experiences and views: an ellipse that stretches from bay level up over the canal and the boat launch to enable views in all directions, but in particular to the north, along Sarasota Bay all the way to the Skyway bridge in Tampa; and a circular Sunset Boardwalk that complements the Mangrove Bayou and the natural shoreline to enable park goers to commune with nature and enjoy unparalleled sunset views over the bay, and barrier islands.
The Bay will be home to arts, cultural and educational programming, fitness, health and recreational activity, food and beverage festivals, open air markets, and programming at Art Center Sarasota, Sarasota Garden Club, Municipal Auditorium and both indoor and outdoor programming at the Van Wezel Hall (today) and the new Sarasota Performing Arts Center, once completed.
Beyond the amenities for park goers, there are significant additional benefits for our city and our community. The Bay will deliver a good return on investment and add value on many levels:
Economic value added in direct and indirect commercial activity, jobs, rising real estate values, and increasing tax revenues.
Cultural and educational value added that is available, free and welcoming to everyone in a public, outdoor park setting.
Social value added by creating common ground, a gathering place for shared activities that bring us together as a community and unite us in a place and in any way no other places or experiences can.
How can I get involved?
There are many ways to be involved in The Bay. The first is to get/stay informed on the latest news by signing up for our newsletter, visiting our website, and liking or following The Bay Sarasota on Facebook, Instagram, and LinkedIn. You can also get clarification, provide ideas, open discussions, or ask questions through Ask The Bay. If you’d like to get more hands-on with the initiative, become a volunteer or a Friend of The Bay. Finally, you can contribute to The Bay and Make a Gift to help us reach our goal in realizing the possibilities for our bayfront!
Who is bringing The Bay to life?
The Bay is a community-led initiative that began with the Bayfront 2020 coalition, which served as the catalyst to engage the community around the idea of a new park. Since that conversation began, literally tens of thousands of engaged and involved citizens have advanced the march towards what we know it as today, The Bay. Over the last six years, more than 75,000 individuals in our community have attended one or more public meetings, community workshops and/or engaged with The Bay on its website, or social media. By any measure, this is extraordinary and unprecedented engagement and dialogue between a community, a city and a succession of volunteer citizen groups. Learn more about the vision and guiding principles.
The Sarasota Bayfront Planning Organization (SBPO) succeeded Bayfront 2020 and was tasked with creating a master plan for the 53-acre site, a viable governance organization, and a feasible financial plan for The Bay. When these were delivered and approved by the City of Sarasota, the SBPO was retired and was succeeded by The Bay Park Conservancy. For more information, read: