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Daytona Beach CRA approves up to $30,000 in TIF funds to buy Midtown lot after public comment urging wider purchases
Summary
The Daytona Beach Community Redevelopment Agency approved a resolution authorizing up to $30,000 in tax increment financing to support a JPM 2023 Midtown CRA loan to buy a vacant lot at 537 South Dr. Martin Luther King Boulevard. A public commenter urged the agency to also pursue beachside and downtown parcels and accelerate development before TIF expiration.
The Daytona Beach Community Redevelopment Agency voted on Nov. 6, 2024, to approve a resolution authorizing the expenditure of up to $30,000 in tax increment financing (TIF) to support a JPM 2023 Midtown CRA loan to purchase a vacant lot at 537 South Dr. Martin Luther King Boulevard.
The resolution was introduced by staff as Item 6a and moved and seconded for approval. The board took a voice vote after one public comment and the motion carried.
John Nicholson, speaking during public comment, praised the CRA’s Midtown acquisition strategy but urged officials to expand purchases into…
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