LAKE PLACID – The Town of Lake Placid will take the initial step to start a Community Redevelopment Agency, but council was split on how to initiate the effort.
Councilman Ray Royce said it may cost $75,000 to $80,000 to start a CRA. He suggested having the Central Florida Planning Agency seek grant money to fund the “study of necessity” that is required to create a CRA.
“I don’t believe we can do the study of necessity for $5,000 or $10,000,” he said. “We certainly don’t have a well defined idea of what we would be asking somebody to bid on.”