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Vivas heirs say developer broke promise on park contribution; CRA debates terminating 2401 Bay Street TIF amid foreclosure
Summary
A descendant of the Vivas family told the CRA the developer at 2401 Bay Street failed to make a $50,000 contractual contribution for a park. Commissioners discussed legal options after the property entered foreclosure; legal staff advised a 30-day default notice could permit termination, but the board deferred a final termination pending review of
A descendant of the Vivas family told the Fort Myers Community Redevelopment Agency that developer disclosures about contributions to a park tied to the sale and development of 2401 Bay Street were inaccurate, and asked the CRA to revoke the property’s tax-increment financing (TIF) agreement.
James Beavis Bridgerton (speaking as a Vivas heir representative) told commissioners the contract negotiated in February 2022 obligated the developer to contribute $50,000 toward park improvements on land the Vivas family vacated to facilitate the Irving project. Bridgerton said the developer had not fulfilled that $50,000 obligation and that prior CRA materials and presentations had mischaracterized the developer’s contribution amounts. He requested that the CRA determine whether to revoke the TIF for 2401…
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