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Pompano Beach CRA presents FY2026 budgets for East and Northwest districts, discusses bonds, McNabb House and downtown financing
Summary
CRA staff presented FY2026 proposed budgets and a financing plan for the East and Northwest CRA districts, including proposed tax-increment bonds for downtown infrastructure, a $27 million McNabb House estimate, and operational allocations; commissioners questioned outreach, bond timing and alternatives if state law limits CRA bonding.
Kimberly Vasquez, CRA project manager, presented the Pompano Beach proposed FY2026 budgets and financing/implementation plans for the East and Northwest Community Redevelopment Agency districts at the July 15 meeting.
Vasquez said the East budget reflects substantial new-construction value and proposed redevelopment spending; she described a proposed tax-increment bond and listed major uses including redevelopment projects and debt service. For the East she said the McNabb House and Garden project is budgeted at $27,000,000.
For the Northwest Vasquez said the district’s certified value was about $2.2 billion, with growth of roughly 16% and $125 million in new construction. She presented a proposed financing plan that includes tax-increment revenue and a proposed FY2026 bond series (presented as part of a two-phase infrastructure financing plan also showing a 2028 bond). Vasquez said the Northwest proposed sources total about $58.9 million with redevelopment…
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