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Daytona Beach CRA approves purchase of 125 Vermont Avenue for $250,000
Summary
The CRA approved using South Atlantic Redevelopment Area Trust Fund money to buy 125 Vermont Avenue from Daytona Lease LLC for $250,000 plus up to $15,000 in closing costs; a public commenter urged the commission to consider using vacant property to ease a long-running traffic bottleneck and asked whether a plan for the parcel exists.
The Daytona Beach Community Redevelopment Agency on April 16 approved the purchase of a single parcel at 125 Vermont Avenue for $250,000 plus up to $15,000 in associated closing costs.
The resolution authorizes use of funds from the South Atlantic Redevelopment Area Trust Fund to buy the parcel from Daytona Lease LLC under the terms of an as-is residential contract for sale and purchase. The motion passed unanimously, 7-0.
The acquisition puts the parcel under CRA control; the resolution itself does not specify redevelopment plans or immediate construction.
During public comment, John Nicholson said the city has had decades to decide how to use that property and asked whether a plan exists. Nicholson described a recurring traffic issue on Halifax Avenue and International Speedway Boulevard (ISB), saying drivers can be delayed by multiple lights when attempting to access Peninsula South. He suggested creating a diagonal link across city-owned parcels from Halifax to Peninsula to relieve the bottleneck. Nicholson asked, “Have we decided what we're going to do with it? We've had 30 years to make a decision.”
City commissioners did not discuss a specific redevelopment strategy during the meeting; commissioners approved the purchase and indicated staff would provide follow-up as needed. The resolution uses redevelopment trust funds and is recorded as an expenditure of CRA-held funds for property acquisition.
