Developer Dan Bellows is asking Winter Park leaders to establish a community development district for his Ravaudage project.
The districts, known as CDDs, have become an extremely popular mechanism for financing development since their creation under a 1980 state law. But is a CDD the right move for Winter Park? The City Commission is set to vote on the issue at its Monday meeting.
The 73-acre Ravaudage site at Lee Road and U.S. 17-92 — the name comes from the French word for “mending” — currently has just one tenant, an Ale House restaurant. But when built out, it’s envisioned to include 489 residential units, retail and office space, a 320-room hotel and perhaps even a baseball stadium.