Thanks to a generous $75,000 grant from the 1772 Foundation and $75,000 in matching funds from the City of St. Petersburg, we are well positioned to purchase and restore historic structures in the city, one building at a time. A historic properties revolving fund is an active real estate-based program for protecting endangered properties. Historic structures can be purchased and restored, and are ultimately sold to the private sector with deed restrictions in place. Revolving funds are designed to be self-sustaining. Proceeds realized from transactions are “recycled” back into the program to help fund future projects. Preserve the ‘Burg would like to recognize City Council Member Gina Driscoll, Deputy Mayor Kanika Tomalin, and the entire St. Petersburg City Council for their leadership in moving preservation efforts forward in a positive way for the City.
Learn more about Revolving Funds here.
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The 1772 Foundation, a Newport, Rhode Island-based nonprofit, has awarded more than $50 million in grants for historic preservation and farmland preservation around the U.S. over the past 20 years. Learn more here.
“I couldn’t be more pleased to congratulate our friends at Preserve the‘Burg on securing this grant, which the City of St. Petersburg will be matching. Part of encouraging our continued economic vitality is maintaining our unique sense of place in the Sunshine City. My thanks as well to the 1772 Foundation for recognizing this need in our city and the hard work of Preserve the ‘Burg.”
- St. Petersburg Mayor Rick Kriseman.
