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St. Pete Beach begins study to determine whether a community redevelopment area could fund resilience upgrades
Summary
Consultant for St. Pete Beach briefed the planning board on a two-month finding-of-necessity to assess whether conditions justify establishing a Community Redevelopment Area (CRA) and using tax-increment financing for storm resilience and infrastructure projects.
The Planning Board heard a presentation from consultant Matt Lewis of Stantec on an initial finding of necessity (FON) that could lead to a Community Redevelopment Area (CRA) and tax-increment financing (TIF) focused on storm resilience and infrastructure in St. Pete Beach.
Lewis said the finding of necessity is the first technical step to determine whether statutory conditions exist in a defined study area that could justify a CRA and TIF. He told the board the FON will evaluate three broad statutory areas used by the state — inadequate ventilation/light/sanitation, population density/overcrowding relative to adjacent areas, and conditions that endanger life or property by fire or other causes — and that the team will emphasize the…
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