TAMPA, Fla. (970 WFLA) – The Port Authority Board pre-approved a proposal from a firm to put together a thorough plan to redevelop and revive Channelside Bay Plaza.

The board met Monday afternoon for a special meeting. Officials are hoping a revived Channelside will bring people, jobs and economic development to the downtown Tampa waterfront.

If the form, CBP, LLC, is accepted as the winner at the July 2 auction by the Irish Bank Resolution Corporation, then the next step will be to seek approval by the U.S. Bankruptcy Court in Delaware on July 15.

“We are extremely excited to be able to move forward with Channelside and work with a developer that will breathe new life into the complex and connect it to the other world-class attractions in the Channel District,” Paul Anderson, Port Tampa Bay president and CEO, said in a news release. “The community and its citizens deserve a top-notch entertainment venue for many, many years to come.”

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