The Town of Century will early next year consider forming a Community Redevelopment Agency (CRA).
Upon declaration of an area as blighted, the CRA works to improve conditions. As property tax values rise, any increase is funneled back into the redevelopment area for further improvements. Additional tax incentive and redevelopment funds are available within a CRA.
There are currently eight other redevelopment districts in Escambia County — Barrancas, Brownsville, Cantonment, Englewood, Ensley, Oakfield, Palafox and Warrington — and three within the City of Pensacola.