You can go to the PCB chamber of commerce website (go to newsletters) to find out the official city posistion of how PCB is developing:
The latest issue says that ground has been broken on the Rave theater and Target at Pier Park. There was a groundbreaking scheduled for Sept that The Simon Group (developing Pier Park) cancelled. We need to get them to reschedule the groundbreaking as I think that would help in marketing the area. I currently have two preconstruction units at Calypso and one at Emerald Beach.