An example illustrating a continuum spin foam framework is presented. This
covariant framework induces the kinematics of canonical loop quantization, and
its dynamics is generated by a {\em renormalized} sum over colored polyhedra.
Physically the example corresponds to 3d gravity with cosmological constant.
Starting from a kinematical structure that accommodates local degrees of
freedom and does not involve the choice of any background structure (e. g.
triangulation), the dynamics reduces the field theory to have only global
degrees of freedom. The result is {\em projectively} equivalent to the
Turaev-Viro model.Comment: 12 pages, 3 figure