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Stuart CRA presents 2024 annual report; staff flags funding gap for Project Lift job‑training center
Summary
City of Stuart Community Redevelopment Agency staff reviewed the CRA 2024 annual report on March 24, 2025, highlighting tax increment financing revenue, small grant programs and a funding shortfall for the Project Lift job‑training center that prompted a state funding request.
Jordan Pinkston, CRA program manager for the City of Stuart, presented the Community Redevelopment Agency's 2024 annual report at the CRA board meeting on March 24, 2025. The report summarized tax increment financing receipts, incentive and facade programs, capital projects under way and an outstanding funding gap for a state‑funded job‑training center.
The CRA reported $5,300,000 in tax increment finance (TIF) deposits for fiscal year 2024 and described multiple incentive programs, including a Business Exterior Reimbursement Program (BERP), a Commercial Landscape Improvement Program (CLIP), a mural matching grant, a residential facade grant and a tree‑planting program. Pinkston said the report will be mailed to taxing authorities and that the financial statements included in the report were unaudited; an audited report will be posted within 45 days of the audit's completion.
The report described capital projects either under construction or in design: downtown undergrounding and the Seminole Streetscape (Brookhart Construction awarded an $8,700,000 contract; expected completion November 2027), the Riverside Park…
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