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Merritt Island CRA director details amphitheater, stormwater and redevelopment projects
Summary
Myra (Merritt Island Community Redevelopment Agency) director described redevelopment strategy, a major amphitheater and stormwater-led park project, TIF mechanics, and collaboration with state and county grants to leverage private investment.
The Merritt Island Community Redevelopment Agency (Myra) presented its redevelopment priorities, funding mechanics and current projects on March 27, telling Brevard County commissioners the agency focuses on infrastructure and beautification to attract private investment in commercial corridors.
Myra’s executive director (presented as Larry in the meeting) said the agency’s redevelopment trust receives tax increment funds captured from two millages (a general fund millage and a fire millage) and that about 86% of recent program expenditures have gone to public…
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