ST. PETERSBURG — The risk of flood damage is on the rise in the city. So is the number of new construction projects, including in flood zones. Soon, the city will be forced to decide how to balance the two. In the coming months, the City Council will grapple with an existential question facing the city: whether to facilitate St. Pete’s development boom by changing rules that prevent housing density from increasing in areas considered to be most at risk for flood damage.

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