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Bradenton CRA warns incentive changes coming as trust fund and timeline narrow
Summary
CRA staff told the board that the agency—s incentive program must be re-examined as the trust fund and statutory life shorten; staff proposed public meetings and a grant/incentive hybrid to accelerate payouts for private investors.
Dr. Wharton told the Bradenton Community Redevelopment Agency the board must start discussing changes to its incentive program because the CRA—s available time and funds are shrinking. "We've got roughly 15 years left... we're going to have to change the incentives because we cannot pay the full amount of what we're currently advertising," Dr. Wharton said.
He described options staff will explore, including a "special-use…
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