A new proposal is in the works to bring a convention center and hotel to downtown Sarasota, with developers seeking support from the Downtown Improvement District (DID) Board for a public-private partnership with the city.

The proposed site for the development is on Ringling Boulevard between Orange Avenue and Pine Place, currently occupied by the Federal Building and the U.S. Post Office. The plan involves keeping the Federal Building intact while constructing new facilities on the post office property.

The developers behind the project presented their vision to the DID Board, emphasizing the need for the city to acquire the post office property. They mentioned that the U.S. Postal Service is considering relocating its operations, potentially making the site available for redevelopment.

The envisioned project would feature a modern event center integrated with the historic Federal Building, along with a boutique hotel. The developers aim to create a facility that can host high-end events, enhancing Sarasota’s appeal as a destination. They also suggested a possible revenue-sharing arrangement with the city, ensuring that the municipality would not face financial losses.

The developers highlighted the need for a convention center in downtown Sarasota, distinguishing the project from the luxury condo developments that have become common in the area. They believe the convention center would attract a steady flow of visitors to support local businesses.

During a recent meeting, the developers outlined a plan that includes a land swap. The U.S. Postal Service, seeking a more modern facility, could relocate to city-owned land nearby, allowing the convention center project to move forward.

Timing is a critical factor for the proposal, with the potential availability of the post office property, the ongoing redevelopment of nearby government buildings, and the expected loss of event space at a local hotel all contributing to the opportunity.

The city’s Economic Development Manager suggested that the DID Board could advocate for the project by engaging with the City Commission. The board expressed general support, recognizing the unique opportunity to acquire and repurpose the land.

One board member referred to the proposal as a “once-in-a-lifetime opportunity,” highlighting the synergy between the various elements of the project.

At the conclusion of the discussion, the DID Business Manager recommended that the board chair meet with individual city commissioners to assess their interest before formally bringing the proposal to a vote.

The developers are considering seeking support at the federal level to help advance the project, recognizing the need for involvement beyond the local level.

As discussions progress, the DID Board plans to revisit the proposal in upcoming meetings, possibly with input from the City Manager.