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Council approves $2.4M economic incentive agreement for Titus Landing redevelopment; county approval required
Summary
Council voted to approve up to $2.4 million in economic incentives for the Titus Landing redevelopment project, structured as three $800,000 performance-based payments for infrastructure, hotel completion and an ALF or apartment, with county approval required because the total exceeds $500,000.
The council approved an economic-incentive agreement in the amount of up to $2,400,000 to support infrastructure and redevelopment at the Titus Landing / Titusville redevelopment project. The vote carried 3-2 (Mayor Andrew Connors, Vice Mayor Cole and Member Nelson voted yes; Member Stochel and Member Muscosa voted no). Because the award exceeds the city's $500,000 threshold for standalone action, the agreement must also receive Brevard County Commission approval as part of the multi-jurisdiction economic-development zone process.
Troy Post (county economic-de…
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