Amtrak added a new, 1,000-foot (305 m) high-level platform and canopy to Track 3 to improve accessibility, which opened in November 2020.

Tracks 4, 5, and 6 were removed to facilitate the construction of the high-level platform, although there are plans to restore them in the future if demand warrants.

Segregation remained a common practice in railroad stations in the South until it was stricken down by the Interstate Commerce Commission as a result of NAACP v. St. Louis-San Francisco Railway Company in 1955.

In fact, the Florida statute providing for segregation on railroads remained a law on the books as late as 1967, although by then the practice had fallen into disuse.

The Division has leased portions of the facility to private tenants, including a second floor office once occupied by the Pullman Company.

Part of the former baggage building — which once housed the station's restaurant — is leased to a local real estate firm.

TUSP&R raised over US$4 million for the building's restoration through grants and loans from sources including the Florida Department of Transportation (ISTEA funds), the City of Tampa (grant funds) and the National Trust for Historic Preservation (no interest loan).

At the completion of the restoration by Rowe Architects Incorporated in 1998, the station reopened to Amtrak passengers and the public.