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Largo seeks expansion of ClearwaterLargo Road redevelopment district; proposes $11.5 million TIF and West Bay Drive plan updates
Summary
City planners and consultants presented an updated ClearwaterLargo Road CRD plan with a proposed expansion and placed an amended West Bay Drive CRD before the commission, including a conservative tax-increment financing estimate of about $11.5 million over 20 years.
City planners and outside consultants presented two connected land-use packages: an updated ClearwaterLargo Road Community Redevelopment District (CRD) plan that includes a major expansion area and an amendment to the West Bay Drive CRD plan to align design and development standards.
Why it matters: The CRD expansion would establish a tax-increment financing (TIF) trust fund to concentrate incremental property-tax revenue within the expansion area, funding mobility, housing, economic development, parks and resilience projects. The proposed plan also sets the regulatory framework (character districts, density/intensity ranges and developer "bonus" opportunities) intended to guide redevelopment and incentivize public benefits.
Key points from the presentation
- Scope and outreach: Consultants said the ClearwaterLargo Road expansion covers about 537 acres adjacent to the downtown/Horizon West area. The process included stakeholder meetings, pop-up engagement, a…
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