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Oldsmar considers CRA extension as 1996 trust fund nears 2026 sunset; feasibility study complete
Summary
City staff said the Community Redevelopment Area (CRA) trust fund, created in 1996, is scheduled to end in 2026; the city has completed a feasibility study and will present findings in July to decide whether to pursue an extension with county approval.
Cindy Nenno, director of administrative services, told the council that Oldsmar’s Community Redevelopment Agency (CRA) trust fund — established in 1996 — is scheduled to sunset in 2026 and that the city is exploring whether to seek an extension.
Nenno reviewed statutory basics drawn from Florida Statutes chapter 163, explaining that CRA tax increment (TIF) revenues within the CRA boundary are restricted and…
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