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Daytona Beach CRA approves up to $50,000 in tax-increment funds for downtown façade grant; resident urges Beach Street expansion
Summary
On July 16, 2025, the Daytona Beach Community Redevelopment Agency voted 6-0 to approve a resolution authorizing up to $50,000 in tax-increment funds for a commercial property improvement and professional design incentive grant at 126 West International Speedway Boulevard.
On July 16, 2025, the Daytona Beach Community Redevelopment Agency voted 6-0 to approve a resolution authorizing the expenditure of up to $50,000 in tax-increment funds from the downtown Community Redevelopment Area to award a commercial property improvement and professional design incentive program grant for renovation of the commercial building at 126 West International Speedway Boulevard.
The vote authorizes the mayor, as CRA chair, to execute documents and disperse the funds. The resolution also allows the funds to be used through a 0% interest loan mechanism specified in the item presentation.
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