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CRA delays decision on Slip Away food-truck park and marina; developers seek TIF and building-improvement grant
Summary
Developers of the Slip Away Food Truck Park and Marina presented a $19.4 million waterfront development and requested a $250,000 building improvement grant and up to $1 million in tax-increment financing; CRA staff recommended a TIF award up to $726,561 over 10 years and the item was continued to July 30 after a commissioner recused.
Developers seeking public support for the Slip Away Food Truck Park and Marina at 1811 Cape Coral Parkway described a waterfront food-and-boat destination and asked the CRA for two forms of support: a $250,000 building improvement grant (BIG) and a request for tax-increment financing (TIF) assistance.
Sharon Woodbury, the city’s economic development manager, said the developer submitted a $250,000 BIG application and a separate amended TIF request for $1,000,000. Woodbury said staff did not have time to finalize a report before the meeting but presented a staff recommendation for a TIF award of up to $726,561 over 10 years and a BIG award of $250,000, based on guidelines used for the CRA’s enhanced value recapture program.
Annette Barbacha, planning consultant for the applicant, described the…
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