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Council moves Lighthouse Village parcel from residential to commercial CRA; commercial CRA report approved
Summary
Councilors moved one parcel for Village at Lighthouse Point (phase 3) from the residential Community Reinvestment Area report to the commercial list and approved the remaining commercial CRA items on Feb. 13; staff said properties have generally met obligations and only one commercial CRA expired Jan. 1, 2025.
At the Feb. 13 meeting the Tax Incentive Review Council corrected the Community Reinvestment Area (CRA) listings and approved the commercial CRA report after a staff explanation of active commercial abatements.
City staff said the commercial CRA attachment included a list of properties receiving property tax abatements tied to improvements. Staff…
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