SARASOTA – Developer Christopher J. Brown said Thursday he has no immediate plans to build on a Main Street site he recently acquired where a 15-story condominium tower was proposed a decade ago. Brown bought the 0.3-acre property, near the corner of Main Street and Pine Place, for $1 million from Kansas City Life Insurance Co.…
PANAMA CITY — Panama City Downtown Improvement Board has laid out a plan to pay off its debt. The DIB will pay $20,000 using the $55,000 loan granted from the city in March and then pay $5,000 each proceeding month, eventually out of DIB funds. Chairman Jim Hayden said they are hoping to have the…
SEBRING — A majority of Sebring City Council members say they like the $2.5 million offer to buy Harder Hall, although it would leave the city with about $900,000 in debt. The city council is expected to vote tonight on whether to approve a purchase agreement with South Florida Senior Living, Limited Partnership. The purchaser plans…
Want to learn more about the, who, what, when, where, and why of CRAs? How to use them to support economic development or redevelopment projects in your city? This is an introductory course especially designed for elected and appointed officials, including CRA Board or Advisory Board members. We cover the basic legislative, legal, reporting and…
A new study confirms the latest chatter from real-estate watchers: Miami’s sizzling downtown condo market is cooling down. Skyrocketing construction costs, overheated land prices and falling foreign currencies have finally caught up with a housing market that boomed after the lean years of the recession. But unlike the last go-around, when highly leveraged projects brought…
CRAs drive investment, improving lives and creating jobs right in the neighborhood. Carol Westmoreland, Florida League of Cities cwestmoreland@flcities.com Community Redevelopment Agencies (CRAS) are incredibly successful tools for breathing new life into areas that have been forgotten- the “ghost towns” in the centers of our cities. They uniquely gather all the participants in the urban…
BOYNTON BEACH — It’s a go. On Tuesday night, the Boynton Beach Community Redevelopment Agency board approved giving the 500 Ocean developers about $4.39 million in incentives over the next 10 years to help support the cost of the project. Read full article
BONITA SPRINGS, Fla. – Bonita Springs could be explained in one street — Bonita Beach Road. Read full article
Drive across the city’s downtown, and it’s easy to see a city about to grow expansively. The clanking of construction can be heard from the sites of four buildings that will reach heights of seven to 12 stories. When completed, they’ll provide 1,181 new rental apartments. Two other 12-story buildings are poised to begin construction:…
The month before he died in 2013, Bud Asher, longtime Daytona Beach city commissioner and mayor from 1995 to 2003, called to talk about a list of topics, including community redevelopment areas, known by their initials as CRAs. “I can’t believe the county wants to stop CRAs! Nothing would be happening on the beachside without…
NAPLES – Condos, a pool, gym, café and offices planned for the old Naples Daily News site and waterfront townhomes at Mangrove Bay are among the developments and issues the Naples City Council will discuss during public hearings Wednesday. Read full article
MOUNT DORA—A city initiative to help downtown businesses during the upcoming streetscape project by having raffles will not go forward because it would be against the law. The city was looking at a monthly raffle where people who made a downtown purchase would be eligible for a Mount Dora weekend experience worth up to $750,…
