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Consultant tells Bradenton CRA data show stark wealth gaps, recommends housing, workforce, retail strategies
Summary
Consultant Randy Iovone presented a three‑area market analysis for the City of Bradenton CRA districts, highlighting income and wealth disparities, workforce needs and tailored recommendations including rental-stabilization measures, senior housing, and retail activation.
The Community Redevelopment Agency of the City of Bradenton heard a market analysis presentation from consultant Randy Iovone, who told board members the three CRA districts have distinct housing, income and retail needs and urged data‑driven, cross‑cutting strategies to reduce displacement and support workforce development.
Iovone said the downtown CRA shows higher median income and rising household formation, Central CRA has concentrated poverty and an aging housing stock, and the Tamiami Trail CRA is senior‑oriented with high vacancy and many households earning under $35,000. "Income and wealth disparities are stark," he said during the presentation, pointing to a downtown wealth index that…
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