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Downtown CRA budget, SunRail shuttle and Voorhees Avenue safety work highlighted
Summary
Downtown CRA staff reported higher revenues tied to the Land Commons development, discussed upcoming streetscape work on Voorhees Avenue, ongoing SunRail shuttle costs and a possible elevator replacement at the FISH Building.
Staff presented the downtown Community Redevelopment Agency (CRA) budget and described capital priorities and operating items that will affect downtown maintenance and events.
Staff said the downtown CRA saw a revenue increase this year largely because the Land Commons apartments hit the tax rolls. That increase is offset by contractual requirements: staff said about $192,000 in Tax Increment Financing (TIF) revenue was returned under an agreement with the Land Commons developer. Staff reminded the commission that the downtown CRA terminates in February of the CRA life (date cited by staff in presentation).
Key capital items discussed…
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