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CRA allocates $3.64 million to Kings Road capital improvements
Summary
The Kings Hotel Crossing Community Redevelopment Agency voted unanimously to move $3,635,018.26 in unallocated TIF funds into the Kings Road Capital Improvements project, a multiyear Complete Streets effort intended to support pedestrian safety and commercial development.
The Kings Hotel Crossing Community Redevelopment Agency voted unanimously to allocate $3,635,018.26 in unallocated tax increment financing (TIF) funds to the Kings Road Capital Improvements project, staff said.
Agency staff described the allocation as a fiscal-year-end cleanup and a way to concentrate funds on a multiyear Complete Streets project designed to support residential and commercial development and improve traffic-calming and pedestrian safety along the corridor.
Karen Nasarella, Office of Economic Development staff, told the board that Florida statutes…
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