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Port St. Lucie CRA reports about $2 billion in taxable value; details Southern Grove and Port District progress
Summary
CRA staff told the board taxable value across the agency’s districts has climbed sharply (figures through Sept. 30) and provided updates on Southern Grove development, Port District infrastructure and grant-funded projects, including ADA sidewalk work and remaining undeveloped parcels.
Frank Knott, CRA, told the Port St. Lucie Community Redevelopment Agency that taxable value in the CRA districts has increased substantially, noting the original CRA area rose from about $231 million to $677 million (figures through Sept. 30), and that the agency collectively is at approximately the $2 billion value mark through the same reporting period.
The update covered four CRA areas and a range of projects. Knott described recent property activity in the original CRA area — cleared buildings, a recently purchased tax collector’s office acquired with an 18-month leaseback, and an active hotel request-for-proposals process with staff saying proposals are due in late April though the presenter was not certain of the exact date. He said the stadium project team expects to…
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