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Committee discusses Bay Boulevard buffer, mitigation credits and redevelopment trade-offs
Summary
Committee members discussed a 30-acre parcel near Bay Boulevard that could be used as a conservation buffer or mitigation bank and considered transfer-of-development-rights and CRA strategies to encourage redevelopment elsewhere in the city.
Port Richey’s Resiliency and Restoration Committee discussed a potential opportunity to secure about 30 acres north of Bay Boulevard as a conservation buffer or mitigation bank, and the possible use of that land as an economic tool to encourage higher-value development in other parts of the city.
The discussion, held Monday, April 14, reviewed the idea of acquiring or negotiating use of the parcel to provide environmental offsets that could be sold or traded to developers seeking greater density in less environmentally sensitive areas. Committee members said such a trade-off…
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