ST. PETERSBURG, Fla. – Mayor Rick Kriseman got the OK for $14 million in tax increment financing for the new Pier District.

The St. Petersburg City Council on Thursday to approved an amended agreement between the city and Pinellas County.

The Pier District project costs an estimated $66 million, according to our partners at the Tampa Bay Times.

More: Click here to read Wednesday’s city council agenda

Photos: Renderings of the new St. Petersburg Pier

The $14 million TIF funds were once meant for a downtown transportation hub. The money would instead for to the pier project. It would also go to transportation and parking in downtown St. Petersburg.