Boca Raton council reviews Terra Frisbee P3 for downtown government campus; residents raise concerns about referendum clause

Deputy City Manager Andy Lukasick told the Boca Raton City Council at a Jan. 5 workshop that the city intends to introduce an ordinance Jan. 6 and consider it Jan. 20 to authorize a public–private partnership (P3) with Terra Frisbee to redevelop the downtown government campus, with a voter referendum tentatively scheduled for March 10.

The presentation outlined a transit‑oriented, pedestrian‑scaled master plan adjacent to the BrightLine station and described a mix of uses including office, retail, residential and a civic core with a police and fire substation, community center and expanded Memorial Park. Lukasick said consultants CBRE and PFM projected non‑discounted revenues over a 99‑year lease term in the low billions and presented present‑value estimates intended to inform the council’s review.

Why it matters: the project would repurpose public land in the downtown campus and change land‑use and development regulations for the area. Staff presented financial projections (CBRE non‑discounted revenue ~$4.1 billion; PFM ~$4.3 billion) and present‑value estimates (CBRE ~$347.2 million; PFM ~$330 million), and PFM’s…