CRA earmarks $5M for redevelopment incentives, lists projects including Aqua Harbor and Villa Del Sol
Summary
The draft budget sets $5,000,000 for redevelopment incentives and $250,000 for residential beautification grants, naming projects such as Aqua Harbor and Villa Del Sol among anticipated allocations.
During the presentation, Mr. Gammon said the CRA has budgeted $5,000,000 for redevelopment incentives and an additional $250,000 for residential programs such as home beautification grants. “We have $5,000,000 budgeted. That includes quite a bit. It includes some of the things we've already allocated for, Aqua Harbor, for instance, Villa Del Sol,” he said.
Board members noted the incentives list includes projects already approved and anticipates further allocations for sites such as the main and bank property and portions of the Riverside/Palm District. No new incentive approvals were voted on during the meeting; members discussed the need for clear project proposals to justify large incentive packages.
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