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Redevelopment board approves up to $50,000 grant for Boardwalk decorative features
Summary
The Daytona Beach Redevelopment Advisory Board approved a forgivable commercial improvement grant up to $50,000 for a boardwalk property to replace damaged decorative features; staff said the loan is forgivable after two years if the business remains at the location.
The Daytona Beach Redevelopment Advisory Board voted to approve a commercial improvement award not to exceed $50,000 for a property at 11 Boardwalk, staff said at the meeting.
Staff presented the application as part of the board’s commercial incentive program, describing it as a 0% interest, forgivable loan that becomes forgivable after two years if the business remains at the site. The property is in the RDB-4 beachside boardwalk amusement district, which…
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