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Local business members warn moratorium could cost fees and deter investment
Summary
Board members and business representatives told the EDB a moratorium could cut development fees and risk losing prospective employers; speakers urged a focused moratorium on Florida Shores rather than a citywide pause.
Several board members and business representatives told the Economic Development Board they feared a yearlong, citywide moratorium would cut development fees, slow recruitment and harm local tax revenue.
"We're gonna lose whatever hundreds of thousands of dollars of fees," one member said while summarizing Ryan's business impact statement. Members urged focusing any pause on the Florida Shores basin rather than broad citywide limitations, arguing targeted action addresses the drainage problem without broadly discouraging investment.
Speakers also described direct business impacts: a CEO's testimony about employees losing homes in a flood and a manufacturing firm considering relocation outside the county. Board members said visible business presence at the Jan. 6 council hearing would help show the economic costs of broad restrictions.
