Fiscal Impact Study 2008-2013
This report illustrates and quantifies the effects of public investment in selected CRA districts in Broward County. Seven CRA’s were analyzed during a five year period from 2008 to 2013. These include the Town of Davie, City of Deerfield Beach, City of Pompano Beach, City of Hallandale, City of Margate, City of Hollywood and City of Fort Lauderdale. The study was adopted and signed by the Mayor of each participating CRA. Four main areas were analyzed including: TIF Funds Invested, Private Funds Invested, TIF Funded Public Infrastructure Projects and Job Creation. All city studies exemplify that “but for” the CRA redevelopment activity, this degree of private investment would not have occurred. In total, approximately $19,475,516 in TIF funds was invested through these redevelopment programs. Those funds leveraged more than $371,836,097 in private sector investment and more than 2,147 jobs were created. Collectively, the CRA’s have invested approximately $136.2 million in TIF funded infrastructure improvements, some of which occurred on county roads.
Measuring the Benefits of Redevelopment
Use this simple and valuable guide as a starting point do-it-yourself model for collecting data that shows the numbers. Success CAN be measured by facts and figures – this is a must read.
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