The Temple Terrace City Council unanimously approved Phase One of the Riverside Park project on Feb. 3, authorizing Halff and Associates to begin permitting and contract bidding.
Phase One is estimated to cost $3.44 million, including nearly $950,000 in contingencies. The city has $3.8 million available, with about $3 million coming from its unassigned fund balance and $800,000 in Tax Increment Financing (TIF) funds allocated through the Community Redevelopment Agency (CRA).
The first phase will include a riverwalk boardwalk, small parking lot, upgraded restrooms and a concrete path around Springdale Pond. City leaders also hope to incorporate an observation tower along the riverfront.
Future phases could add a fishing pier, kayak launch and expanded open lawn space as part of the broader downtown revitalization effort.