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REDEVELOPMENT. Building Better Communities. Provided by the Volusia County CRA. Provided by the Hollywood Beach CRA. REDEVELOPMENT. Def. — publicly-financed rebuilding of an urban, residential or commercial area. revitalization. preservation. Our community. REDEVELOPMENT ACTIVISTS.

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redevelopment

REDEVELOPMENT

Building Better Communities.

redevelopment1

Provided by the Volusia County CRA

Provided by the Hollywood Beach CRA

REDEVELOPMENT
  • Def. — publicly-financed rebuilding of an urban, residential or commercial area

revitalization

preservation

Our community

redevelopment activists
REDEVELOPMENT ACTIVISTS
  • Improve the quality of life and economy for a community
  • Unite communities
  • Include:
    • Community Redevelopment Agencies (CRA)
    • Downtown Development Authorities (DDA)
    • Downtown Improvement Authorities (DIA)
    • Main Street Programs
    • Developers
    • Etc.
redevelopment history
REDEVELOPMENT HISTORY
  • Community Redevelopment Act
    • Approved by the Florida Legislature in 1969 (Chapter 163, Part III)
    • Assists local governments in eliminating and preventing slum and/or blighted conditions
    • Allows local governments to create Community Redevelopment Areas and Community Redevelopment Agencies
  • Community Redevelopment Agency (CRA): public agency designed to foster redevelopment and reinvestment and concentrate on target areas
identifying a need
IDENTIFYING A NEED
  • “Finding of Necessity”
    • Required in order to create a CRA
    • Must designate an area with slum or blighted conditions which call for rehabilitation, preservation or redevelopment of the area.
identifying a need1
IDENTIFYING A NEED
  • Slum
    • Physical or economic conditions conducive to dangerous and unhealthy conditions
    • Exhibiting a predominance of buildings or improvements which are impaired by reason of dilapidation, deterioration, age or obsolescence
identifying a need2
IDENTIFYING A NEED
  • Slum (cont.)
    • Meeting one or more of the following factors:
      • Inadequate provision for ventilation
      • Over-crowding
      • Conditions which endanger life or property
identifying a need3
IDENTIFYING A NEED
  • Blight
    • Area including a substantial number of deteriorated and deteriorating structures leading to economic distress or the endangerment of life or property
    • Meeting two or more of the following factors:
      • No increase/decrease in property value
      • Faulty lot layout
      • Inadequate street layout
identifying a need4
IDENTIFYING A NEED
  • Blight
    • Factors (cont.):
      • Unsanitary or unsafe conditions
      • Deterioration
      • Outdated density patterns
      • Tax or special assessment delinquency exceeding the fair value of the land
      • Higher vacancy, emergency and crime rates
      • Florida Building Code violations
      • Conditions impairing development
      • Government-owned property with adverse environmental conditions
eminent domain
EMINENT DOMAIN
  • HB #1567 “restricting certain transfers of property taken by eminent domain to certain natural persons or private entities”
  • Signed into law by Gov. Jeb Bush on May 11, 2006
  • Tool formerly used in redevelopment efforts
  • Redevelopment continues
tax increment financing tif
TAX INCREMENT FINANCING (TIF)
  • Funding mechanism used to provide financial means for redevelopment with a CRA
  • Redistribution of tax revenues generated from the target CRA
  • Redevelopment Trust Fund:
    • “Frozen” property tax base
    • Holds tax revenues due to an increase in value in excess of the base year
  • Goal: Increase property values
tax increment financing tif1
TAX INCREMENT FINANCING (TIF)

Property “A”

2005

$15,000 value

2000

Base Year

$10,000 value

City and County

Receive

$11.12

City and County

Receive

$11.12

Redevelopment

Trust Fund

Receives

$5.60

creating a plan
CREATING A PLAN
  • CRA responsible for creating and implementing Community Redevelopment Plan
    • Addresses unique needs of area, based on the “Finding of Necessity”
    • Blueprint for redevelopment and reinvestment within the CRA
    • May be updated to meet changing needs
    • Unlimited opportunities for improvement
your cra county redevelopment
[YOUR CRA/COUNTY] REDEVELOPMENT
  • Formed in [YEAR]
  • [Insert your CRA’s mission statement]
  • Goals for improvements:
    • [1]
    • [2]
    • [ETC.]
your cra county redevelopment1
[YOUR CRA/COUNTY] REDEVELOPMENT
  • From vision to reality
projects
PROJECTS
  • [Success Story #1]
  • [Describe the project and identify why it was a success (e.g., created 130 affordable housing units).]
projects1
PROJECTS
  • [Success Story #2]
  • [Describe the project and identify why it was a success.]
projects2
PROJECTS
  • [Success Story #3]
  • [Describe the project and identify why it was a success.]
community involvement
COMMUNITY INVOLVEMENT
  • [Special Event #1]
    • [Describe the event your CRA hosted/sponsored and identify why it was a success (e.g., Food and Wine Tasting with Downtown businesses—300 attendees).]
community involvement1
COMMUNITY INVOLVEMENT
  • [Special Event #2]
    • [Describe the event your CRA hosted/sponsored and identify why it was a success.]
obstacles for redevelopment
OBSTACLES FOR REDEVELOPMENT
  • Important to local communities and economies, but benefits are not well understood.
    • Local programs hindered in redevelopment efforts
    • Lack of community support for local initiatives
    • Difficulty in garnering local elected-official support
benefits of redevelopment

Provided by the Gainesville CRA

BENEFITS OF REDEVELOPMENT
  • Provides funding for revitalization of rundown urban areas
  • Encourages private-sector investment
  • Provides affordable housing
  • Provides incentives to revive downtown
benefits of redevelopment1

Cleans-up contaminated properties and reduces crime

  • Brings culture and pride to the community

Provided by the Hollywood Beach CRA

  • Preserves identity of community
  • Brings people back to downtown

Provided by Inverness CRA

BENEFITS OF REDEVELOPMENT
community support
COMMUNITY SUPPORT
  • Community involvement and support are integral to the success of local redevelopment efforts.
  • Contact the [CRA Name]
    • Visit: [Insert your address here]
    • Call: [Insert your phone number here]
    • Online: [Insert your website and/or e-mail address here]