$1.5M available in CRA as NSB program winds down
NEW SMYRNA BEACH — While the city’s Community Redevelopment Agency won’t sunset for another two years, signs are evident in the next fiscal budget that it’s in the home stretch.
The nearly $1.57 million proposed CRA spending plan for fiscal 2013-14 has no money budgeted for any new capital projects or big-ticket grants for opportunity sites, said Emily Ollila, the city’s assistant finance director.
Opportunity sites are defined as “high priority” properties for redevelopment that would provide a “maximum positive impact” to the district.
Previous opportunity site grants handed out through the CRA include the $400,000 given to renovate the old Pennysaver building and $475,000 to refurbish the old Badcock furniture building, both on Canal Street.