Pier Park is officially on its way to becoming a reality.

The St. Petersburg City Council voted Thursday to approve $5.2 million in contracts related to the new pier project. Those funds will be used for finalized designs, the demolition of the current pier and approach, and the initial contracting services.

"Today, the Sunshine City took the final step in securing the future of the St. Petersburg Pier, and our treasured waterfront, for generations to come," Mayor Rick Kriseman said in a statement.

The schematic design phase is expected to take five months and will incorporate feedback from residents. Officials said the community will also be involved as the city moves forward with the final design, permitting and construction.

Critics say the approval of some of that funding is premature, as the city has not yet secured permits for the demolition.

The Pier Park design, which was selected earlier this year, will feature floating docks, environmental classrooms and a four-level structure.

The Pier: Interactive Timeline