BOCA RATON —
After five straight years of property values sagging, downtown Boca Raton’s value has started growing again — and that’s good news for paying off the money the city borrowed to buy Mizner Park.
That 3.2 percent growth in the value of downtown’s taxable property over the previous year is coming before the apartment boom that should start hitting next year.
Still, the estimated value of downtown Boca coming from the Palm Beach County Property Appraiser’s Office represents a 20 percent decline from its peak in 2007-08.