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CRA approves $1.2 million annual Esplanade contribution amid cost‑increase concerns
Daytona Beach Community Redevelopment Agency · September 18, 2025
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Summary
The CRA approved a third amendment raising the Esplanade annual maintenance contribution from $800,000 to $1,200,000 for FY25–26 and authorized execution by the mayor and clerk; a public commenter cautioned about escalating costs and perpetual maintenance payments tied to CRA revenue.
The Daytona Beach CRA approved a third amendment to the Esplanade development, maintenance and lease agreement that raises the annual contribution for maintenance from $800,000 to $1,200,000 for fiscal 2025–26 and authorizes the mayor and city clerk to execute the amendment.
Staff described the…
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