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Sarasota County agrees to release $1 million for Bay Park phase 3 design, will revisit bonding later
Summary
The County Commission unanimously approved releasing $1 million from the Bay Park TIF trust for design and permitting of Centennial Park improvements and deferred any commitment to bond-finance phase 3 until spring 2026.
The Sarasota County Commission unanimously approved using $1 million from the Bay Park tax-increment financing (TIF) trust to pay design and permitting costs for phase 3 of the Bay Park project, and directed staff to return in spring 2026 before committing to debt financing for construction.
Why it matters: The Bay Park Conservancy is seeking to advance Centennial Park — an 11-acre portion of the park that includes boating infrastructure, shoreline resilience and stormwater-treatment improvements — and needs schematic design and permitting to seek state and federal permits and to support a future bonding plan that would be TIF-backed.
County staff explain…
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