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Sebring CRA approves up to $600,000 incentive and 85% tax abatement for 228 North Ridgewood Drive; board raises ownership and precedent concerns
Summary
The CRA voted to grant Robert Blackman up to $600,000 in incentives and an 85% tax abatement for five years for redevelopment at 228 North Ridgewood Drive; board members pressed for milestone protections and discussed potential clawback and ownership conditions.
The Sebring Community Redevelopment Agency approved a motion to grant Robert Blackman up to $600,000 in incentives and an 85% tax abatement of 85% for five years to support redevelopment of 228 North Ridgewood Drive. The motion was moved and seconded; the transcript records discussion but does not include a roll-call tally in the audio.
Presiding officer (S2) described the proposed abatement mechanics: the applicant would pay property taxes, present paid receipts to the CRA, and the CRA…
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