Advertising and Marketing, Awards and Honors, Business, Economic Development, Free News Articles

RMA’s Consulting Strategies Result in Multiple Client Wins at FRA Awards

POMPANO BEACH, Fla. -- RMA (www.rma.us.com) is proud to announce that their city clients won three of the fourteen awards bestowed by the Florida Redevelopment Association, including the prestigious President's Award. RMA provides staffing services for the West Palm Beach CRA and provides economic development and real estate consultancy services for the City of Deltona. The FRA award ceremony was presented virtually on November 19, 2020.

RMA has been staffing the West Palm Beach CRA since 2014, and the firm was thrilled when FRA announced that the top award across all categories, the President's Award, recognized the Historic Northwest marketing campaign, which was entered in the Cultural Enhancement category. The West Palm Beach CRA also won in the Capital Project and Infrastructure category for the Clematis Street revitalization. In the City of Deltona, RMA's vision and unique deal-making was instrumental in the City's win in the Management Programs and Creative Partnerships category.

"We are thrilled to have our clients recognized for their excellence by the FRA," said Sharon McCormick, Director of Business Development and Attraction for RMA. "RMA is comprehensively focused on excellence, from visioning to implementation. Our consulting firm becomes a committed partner with the leadership of each city, bringing our expertise and innovation in multiple disciplines to the revitalization process."

Throughout the past decade, RMA has been instrumental in a dozen FRA wins for city clients including West Palm Beach, Pompano Beach, Margate and North Miami.

Each year, FRA accepts entries for the annual awards from its members in a variety of categories, ranging from annual reports to cultural enhancement. The entries are examined for effectiveness and completeness - including the narrative, supplemental material and compliance with the submittal instructions.

A cross section of Florida redevelopment professionals, individuals and business organizations judge and rank all of the entries and select the winners.

ABOUT THE AWARD-WINNING PROJECTS:

Category: Cultural Enhancement (Won the President's Award)

The Historic Northwest, located just north of Downtown West Palm Beach, is a long-standing neighborhood enriched with a deep and significant culture spanning back to the 1890s and early 1900s. It was here that African-Americans established institutions, businesses and ultimately a way of life that would carry on for generations to come. Now with the help of the Northwest community, the West Palm Beach Community Redevelopment Agency is working to renew the renaissance of a place where you're encouraged to "find your rhythm, explore your roots and live your destiny" through a unique variety of complimentary programs and initiatives.

Category: Management Programs and Creative Partnerships

The City of Deltona hired Redevelopment Management Associates (RMA) to create a Strategic Economic Development Plan for a business park and manufacturing related recruitment. An economic development approach with a real estate-based foundation was used to develop a plan for an Innovation District, Logistics and Commerce Centers on 240 acres near Central Florida's transportation corridor. RMA also helped implement the plan by attracting Deltona's Portland Industrial Park developer that brought Amazon as an anchor tenant. This development will provide 500 full-time jobs with an average annual payroll over $16 million and deliver a $100 million project to the tax base.

Category: Capital Project and Infrastructure

With a rich history beginning in 1894, Clematis Street is the most iconic street in the City of West Palm Beach. To invigorate the street and advance efforts to attract new businesses, the street was transformed with modern infrastructure improvements and vibrant design elements that improved the experience and quality of life for residents, businesses and visitors. The project began with the 300 Block as a pilot to guide the future design of the street, followed by the 100 and 200 blocks. Extensive public input led to a curbless design of the street featuring large shade trees, wider pedestrian-friendly sidewalks, and narrower travel lanes.

About RMA:

Founded in 2009 by Kim Briesemeister and Chris Brown, RMA is comprised of a phenomenal team of leading experts in economic development, real estate for governments, marketing, urban design, and financial analysis. RMA, headquartered in Pompano Beach, Florida is a highly experienced, full-service economic redevelopment consulting and management firm, specializing in revitalizing core areas and corridors for cities, counties, and special districts nationwide. The co-founders are also the authors of one of the definitive books about city redevelopment, "Reinventing Your City: 8 Steps to Turn Your City Around."

Learn more at: https://rma.us.com/

Media Contact:
Kay Renz
Kay@KRPRmediagroup.com

Related link: http://www.rma.us.com/

This news story was published by the Neotrope® News Network - all rights reserved.

Awards and Honors, Business, Economic Development, Free News Articles, Government

Pompano Beach CRA Wins FRA Award for Atlantic Boulevard Bridge Enhancement

POMPANO BEACH, Fla. -- The Pompano Beach CRA is proud to announce that the Atlantic Boulevard Bridge Enhancement is the 2020 winner of the Best Transportation Transit Enhancement category at the annual Florida Redevelopment Association (FRA) Awards, which were bestowed November 19, 2020.

Focused on creating a sense of community and adding art elements to the transportation in Pompano Beach, the Pompano Beach CRA developed a bridge that would serve as a landmark, as well as offering a sense of place and destination whether traveling by land or water. This project serves multi-functional uses with its nautical themed infrastructure. Elements included in the enhancement include grand bridge entrances, repurposed pedestrian walkways and tender house facade improvements. It is now a symbolic welcome for residents and visitors.

"We are honored to have this outstanding project recognized by FRA," said Nguyen Tran, CRA Director. "And we appreciate everyone who worked with us on the beautiful transformation of this bridge including the City of Pompano Beach, Currie Sowards Aguila Architects, Burkhardt Construction and artist Dennis Friel."

One of the most stunning features of the bridge are two large sails at either end which feature a computer-operated lighting system that allows the sails to change colors for special occasions. This "sail" theme continues the style that was launched with the City's Pier Parking Garage.

Each year, FRA accepts entries for the annual awards from its members in a variety of categories, ranging from annual reports to cultural enhancement. The entries are examined for effectiveness and completeness - including the narrative, supplemental material and compliance with the submittal instructions. A cross section of Florida redevelopment professionals, individuals and business organizations judge and rank all of the entries and select the winners.

About the Pompano Beach CRA:

The City of Pompano Beach Community Redevelopment Agency (CRA) was created in 1989. It has two independent districts: Northwest CRA and East CRA established by City government for the purpose of carrying out redevelopment activities that include reducing or eliminating blight, improving the economic health of an area, and encouraging public and private investments in a CRA district.

The Pompano Beach CRA is funded through Tax Increment Financing (TIF). The funds are collected as property values increase and a portion of that increase is captured by the Agency. TIF raises revenue for redevelopment efforts without raising taxes. For more information: http://www.pompanobeachfl.gov/pages/cra

About FRA:

FRA is a not-for-profit organization dedicated to assisting Florida professionals and volunteers in community revitalization efforts. With its mission of "transforming spaces, revitalizing places," FRA is committed to providing a forum for its more than 300 members to share knowledge and common experiences regarding revitalization opportunities and issues throughout Florida.

Media contact:
Kay Renz
Kay@KRPRmediagroup.com

Related link: http://pompanobeachfl.gov/index.php/pages/cra/cra

This news story was published by the Neotrope® News Network - all rights reserved.

Advertising and Marketing, Business, Economic Development, Free News Articles, Government

Pompano Beach CRA Announces ‘Love Always, Pompano Beach’ Website and Marketing Campaign

POMPANO BEACH, Fla. -- The Pompano Beach CRA is proud to announce their new marketing campaign, "Love Always, Pompano Beach." The all-encompassing annual program will feature local businesses located in the East CRA District, sharing special offers and experiences to attract residents and non-residents alike.

The campaign kicks off with "Sunset Sips," showcasing promotions from local restaurants. Following this launch, Shop Pompano and Play Pompano campaigns will debut. Capturing the signature style of the area, the http://www.lovealwayspompano.com/ website will become the first destination before any excursion or night on the town!

"We are excited to be launching this campaign," said Nguyen Tran, Pompano Beach CRA Director. "The East CRA District has an outstanding array of restaurants, shops and attractions that will offer a variety of enticing specials. During this time of COVID-19, it is more important than ever that we help promote our local businesses and raise awareness about all that Pompano Beach has to offer."

Sunset Sips | November 15-December 31, 2020

Join us as we toast Pompano Beach with a spectacular campaign that is sure to dazzle foodies and cocktail connoisseurs alike! As the sun sets, the specials rise! So, make a new Happy Hour tradition, and visit LoveAwaysPompano.com for drink and dining specials, food pairings, tasting menus and more. These offers are available Monday-Thursday from 3-8 pm. Notable participants in the campaign include beachfront favorites Oceanic, Beach House Pompano and Lucky Fish.

Shop Pompano| November 28-January 15

What better day to launch a shopping campaign! Small Business Saturday kicks off the holiday shopping season with a cheerful reminder to "Shop Small!" Supporting local businesses will be even more rewarding when you visit LoveAlwaysPompano.com for details about discounts, gift with purchase/ services offerings, loyalty cards and so much more.

Play Pompano |December 1- January 31

Pompano Beach is the perfect place for sun, fun and adventure! And now, you can enjoy all these options like a VIP. Make your first destination, LoveAlwaysPompano.com and plan your day with our carefully curated list of suggestions that always include special discounts, visitor promotions and more! Whether you want to unplug or amp it up with an action-packed stay-cay, we've got you covered!

The Love Always Pompano website, www.lovealwayspompano.com will offer an ever-evolving array of specials from featured local businesses.

About the Pompano Beach CRA:

The City of Pompano Beach Community Redevelopment Agency (CRA) was created in 1989. It has two independent districts: Northwest CRA and East CRA established by City government for the purpose of carrying out redevelopment activities that include reducing or eliminating blight, improving the economic health of an area, and encouraging public and private investments in a CRA district.

The Pompano Beach CRA is funded through Tax Increment Financing (TIF). The funds are collected as property values increase and a portion of that increase is captured by the Agency. TIF raises revenue for redevelopment efforts without raising taxes. For more information http://www.pompanobeachfl.gov/pages/cra

Media Contact:
Kay Renz
Kay@KRPRMediagroup.com

Related link: http://pompanobeachfl.gov/index.php/pages/cra/cra

This news story was published by the Neotrope® News Network - all rights reserved.

Business, Economic Development, Free News Articles, Government

Smart Growth Strategies in Pompano Beach Are Protecting City from COVID-19 Fiscal Stress

POMPANO BEACH, Fla. -- While other cities around the country are considering raising taxes, or already have, in response to budget shortfalls due to COVID-19, the Pompano Beach CRA has announced that residents of the City of Pompano Beach are experiencing one of the lowest tax rates in Broward County according to the recently released 2021 millage rates.

This financial stability is due in large part to the smart growth strategies that have been occurring in the City during the past few years. The City's investment in redevelopment and infrastructure has attracted quality private development bringing in new tax dollars and additional support for local businesses, allowing the City to maintain the tax rate.

"Leadership in Pompano Beach knew the importance of tapping into the City's real estate assets-- land and property, in order to create a more economically stable municipality," said Nguyen Tran, CRA Director. "By properly managing these assets and taking a proactive stance, we have been able to create new revenue streams to benefit the City and its residents, which also offer a layer of protection during unforeseen events like this pandemic."

Pompano Beach began its transformation in earnest in 2009. After decades of decline, a targeted, economically-driven plan was launched, making the City an attractive location to the private investment community. The City prepared for the growth by establishing development guidelines and zoning laws to protect the City from over development. This plan is working to eliminate blighted areas and enhance the quality of life for the community.

Developments such as Koi, Sabbia, Heritage at Pompano Station, Avery Place and the new restaurants and retailers at the Pier such as Beach House and Oceanic have added approximately $166 million in new property valuation and more than $1 million dollars in new property tax revenue to the City over the past few years. Between 2015 and 2019, the City has seen an increase of approximately $39 million or 39% in major tax and fee revenue sources including property taxes, half-cent sales taxes, state municipal revenue sharing, franchise and utility taxes, franchise fees and communication service taxes.

These enhanced revenue streams have allowed the City to maintain its financial stability even through the trying times of the COVID-19 pandemic. The 2021 millage rates were recently released, and out of 31 cities in Broward County, Pompano Beach is the 6th largest, yet it has the 11th lowest tax rate, according to the Broward County Property Appraiser's Office.

"Without the strategic growth policies that attracted this private investment, we would be under tremendous fiscal stress right now," continued Tran. "The economic impact of good growth has been extremely important for the long-term success of our City and the prosperity of our residents."

This development has been carefully managed to maximize the benefits including a strong tax base, job growth and small business support, while also addressing important resident concerns by regulating building height, creating walkable spaces and connectivity between projects and exploring ride sharing initiatives to manage traffic congestion and enhance mobility. Cities who invest in their public assets and build quality amenities for their residents tend to be the most fiscally stable. The City and CRA's investment in our public assets have been instrumental in attracting private sector investment.

About the Pompano Beach CRA:

The City of Pompano Beach Community Redevelopment Agency (CRA) was created in 1989. It has two independent districts: Northwest CRA and East CRA established by City government for the purpose of carrying out redevelopment activities that include reducing or eliminating blight, improving the economic health of an area, and encouraging public and private investments in a CRA district.

The Pompano Beach CRA is funded through Tax Increment Financing (TIF). The funds are collected as property values increase and a portion of that increase is captured by the Agency. TIF raises revenue for redevelopment efforts without raising taxes. For more information http://www.pompanobeachfl.gov/pages/cra

Media Contact:
Kay Renz
Kay@KRPRmediagroup.com

Related link: http://pompanobeachfl.gov/index.php/pages/cra/cra

This news story was published by the Neotrope® News Network - all rights reserved.

Business, Economic Development, Free News Articles, Real Estate

Bill Dehlinger joins RMA as Associate Broker

POMPANO BEACH, Fla. -- RMA (www.rma.us.com) is pleased to announce that real estate expert Bill Dehlinger has joined the team to lead the firm's real estate projects in Central Florida. Dehlinger, who is currently the Florida Vice President of Operations for the CCIM Institute in Florida, will be focusing on several major projects for city and private clients including Deltona and Winter Park.

"We are honored to welcome Bill to the RMA team," said Chris Brown, RMA Principal and co-founder. "He has a stellar reputation and is an active and respected member of the commercial real estate market in Central Florida. With RMA's continued expansion in this geographic area, Bill's expertise will enable us to better serve the real estate needs of our clients throughout Florida."

RMA repositions cities and targeted areas as a place to do business. Through careful analysis and individualized specific strategies, the RMA team helps municipalities increase their tax base, create job opportunities, attract project development and fill vacant store fronts. Dehlinger will work closely with these clients, and RMA's private clients, buying and selling properties on their behalf, to attract commercial development. RMA has been very successful with its projects throughout Central Florida, including Sumter County, Mount Dora, Oviedo, Titusville, Deltona and Winter Park.

RMA recently completed a contract with the City of Deltona to provide a strategic 5-year economic development plan for a Business Park and Manufacturing Related Recruitment. That assignment resulted in the creation of Portland Industrial Park at Deltona which Dehlinger will be involved with going forward.

"RMA brings dynamic results to every city, county, CRA and development project they become involved with," said Dehlinger. "I am proud to join their team and to utilize my experience to help this region expand its reputation as a top location for real estate development and business attraction."

With sixteen years of commercial real estate experience, Bill has a proven record of success in Central Florida. His consulting areas of expertise include general brokerage (Land, Industrial, Office, Retail), site selection, 1031 Exchanges, Cost Segregation, and NNN. He is an active participant in the commercial real estate market in the region through his membership in NAR, CCIM, and Orlando Regional Commercial Council. He currently serves as CCIM Florida Chapter VP of Operations. Prior to becoming involved with commercial real estate, Bill traveled internationally for IBM and Hewlett Packard providing training sessions for their top sales executives. He has been a guest speaker and has received awards from several colleges throughout the area. Bill served on the Board of Directors for Oviedo-Winter Springs Regional Chamber of Commerce, Habitat for Humanity in Seminole County and Rotary Club of Winter Springs.

About RMA:

Founded in 2009 by Kim Briesemeister and Chris Brown, RMA is comprised of a phenomenal team of redevelopment experts passionate about building better communities. RMA, based in Pompano Beach, Florida is the most experienced full-service economic redevelopment consulting and management firm, headquartered in the state of Florida, specializing in revitalizing core areas and corridors for cities, counties and special districts nationwide. The co-founders are also the authors of one of the definitive books about city redevelopment, "Reinventing Your City: 8 Steps to Turn Your City Around."

Learn more: http://www.rma.us.com/

Related link:

This news story was published by the Neotrope® News Network - all rights reserved.

Business, Construction and Building, Economic Development, Free News Articles

Pompano Beach CRA Offers New Opportunity for Brokers to Find Master Developer

POMPANO BEACH, Fla. -- The City of Pompano Beach and Pompano Beach CRA have opened a new opportunity for all real estate brokers in the municipality's pursuit of a master developer for the City's Downtown and Innovation District. A 2% commission is in play for the transformative project, one of the last of its kind in the South Florida market. Currently, a Request for Letters of Interest (RLI) for a Master Developer has been issued, with a deadline of July 10, 2019.

"This is a tremendous opportunity for any broker who is well-connected with the nation's top developers," said Nguyen Tran, CRA Director. "We are seeking developers who understand our goals for the area, offer experience in prior projects of this scope and have the financial capability to undertake this project. By reaching out to the national real estate broker community, we hope to expand our list of potential applicants."

Over the past 20 years, the Northwest CRA has assembled over 30 acres of land within the almost 70-acre Innovation District. Most developable parcels are generally located along the busy I-95 corridor and Atlantic Boulevard, making this one of the last prime development opportunities of its kind in South Florida.

Based on a previous market analysis, the following can guide the master plan for a mix of desirable uses:
* Office/ Flex space 750,000 sq. ft.
* Retail 165,000 sq. ft.
* Residential 1,500 units
* Hotel/ Hospitality up to 420 rooms (multiple building)
* New City Hall/ Government Offices P3 opportunity
* Restaurant 35,000 sq. ft.
* Education open opportunities

In addition, as part of the marketing and branding strategy for downtown, the CRA envisions a creative and unique drainage system, possibly using linear waterway systems that create a visible and desirable asset for development parcels, much like the waterways in Amsterdam in the Netherlands, and San Antonio, Texas (from a visual perspective). A stormwater conceptual master license has already received county approval and a drainage district will need to be formed. Design and construction of a creative and aesthetically pleasing drainage option can occur simultaneously with the vertical development.

The City has also invested heavily in cultural assets in the downtown area. The Pompano Beach Cultural Center, Bailey Contemporary Arts and Historic Ali Cultural Arts are spread out over three distinct geographic areas in the Downtown providing opportunities for pedestrian movement between them. Highlighting these facilities and using them as anchors in the master plan will provide a ready-made set of assets to build upon for future redevelopment.

Brokers can direct developers to the City's eBid system to view the complete solicitation document, which can be downloaded for free as a PDF at: https://pompanobeachfl.ionwave.net/CurrentSourcingEvents.aspx.

Developers will verify in their response that they are represented by a licensed brokerage firm. The Letters of Interest must be submitted electronically through the City's eBid System on or before July 10, 2019. Developers must be registered on the City's eBid System in order to view the solicitation documents and respond to this solicitation.

About The Pompano Beach CRA:

The City of Pompano Beach Community Redevelopment Agency (CRA) was created in 1989. It has two dependent districts: Northwest CRA and East CRA established by City government for the purpose of carrying out redevelopment activities that include reducing or eliminating blight, improving the economic health of an area, and encouraging public and private investments in a CRA district.

The Northwest CRA District covers an area of about 3,084 acres encompassing a large part of the western portion of the City between Atlantic Boulevard and Copans Road generally west of Dixie Highway. The Pompano Beach CRA is funded through Tax Increment Financing (TIF). The funds are collected as property values increase and a portion of that increase is captured by the Agency. TIF raises revenue for redevelopment efforts without raising taxes.

*IMAGE link for media: Send2Press.com/300dpi/19-0614s2p-pompano-bch-300dpi.jpg
*Image caption: Rendering of the Innovation District.

MEDIA CONTACT:
Kay Renz
Kay Renz PR
kayrenzpr@gmail.com
561-654-8151

Related link:

This news story was published by the Neotrope® News Network - all rights reserved.

Advertising and Marketing, Business, Economic Development, Free News Articles, Government

RMA to Guide Economic Redevelopment for City of Hallandale Beach

HALLANDALE BEACH, Fla. -- Redevelopment Management Associates (RMA; www.rma.us.com) has been selected by the City of Hallandale Beach and the Community Redevelopment Agency (CRA) to create a new vision plan for the City and to update the CRA plan in order to stimulate economic development activities, attract investment and spur redevelopment/revitalization.

RMA, the award-winning redevelopment firm, will begin the process with a series of public input meetings commencing on July 14, 2018 with a Citywide Visioning Open House. Visit www.COHBCRA.org for all meeting dates and details.

"RMA is honored to be partnering with the City of Hallandale Beach," said Sharon McCormick, RMA's Director of Business Attraction and Marketing "We see tremendous growth potential for this community, and we are looking forward to connecting with residents, business owners and civic leaders in order to create a vision for the city through interaction and consensus building."

RMA has already mailed a notice to all residents, informing them of the upcoming schedule of meetings (see list below). During these public forums, RMA team members immerse themselves in the community, engaging with residents and business owners to learn about key attractions, concerns and challenges to overcome. RMA's BusinessFlare(TM) approach to redevelopment encompasses five key areas: Preserve, Enhance, Expose, Invest and Capitalize.

"Through this civic engagement process, we have the opportunity to explore the authentic character of a city, the points of pride throughout the community and the specific challenges that need to be addressed," said Kevin Crowder, RMA's Economic Development Director.

During these public meetings, in order to enhance transparency, RMA will be beta testing a program from www.polleverywhere.com, which allows audience members to respond to questions via the webpage or text, offering a real time polling report. For those unable to attend the meetings, an online survey will be distributed via email.

Public Forum information:

Citywide Visioning Open House:
July 14, 2018 | 10 a.m. - 1 p.m.
Cultural Community Center |410 SE 3rd Street, Hallandale Beach, FL 33009

Public Input Open House/ CRA Quadrant/ Southeast and Northeast
September 11, 2018 | 6 p.m. - 9 p.m.
Cultural Community Center
410 SE 3rd St, Hallandale Beach, FL 33009

Public Input Open House/ CRA Quadrant/ Southwest
September 20, 2018 | 6 p.m. - 9 p.m.
Cultural Community Center
410 SE 3rd St, Hallandale Beach, FL 33009

Public Input Open House/ CRA Quadrant/ Northwest
September 25, 2018 | 6 p.m. - 9 p.m.
OB Johnson Community Center
1000 NW 8th Ave, Hallandale Beach, FL 33009

About RMA:

Founded in 2009 by Kim Briesemeister and Chris Brown, Redevelopment Management Associates (RMA) is comprised of a phenomenal team of redevelopment experts passionate about building better communities. RMA is the most experienced full-service economic redevelopment consulting and management firm, headquartered in the state of Florida, specializing in revitalizing core areas and corridors for cities, counties and special districts nationwide. The co-founders are also the authors of one of the definitive books about city redevelopment, "Reinventing Your City: 8 Steps to Turn Your City Around."

Learn more: http://www.rma.us.com

Related link:

This news story was published by the Neotrope® News Network - all rights reserved.

Architecture, Construction and Building, Economic Development, Free News Articles, Government

Pompano Beach CRA Announces ‘Groundbreaking’ of Atlantic Boulevard Bridge

POMPANO BEACH, Fla. -- The Pompano Beach CRA (www.pompanobeachcra.com) is proud to announce the "groundbreaking" ceremony for the new Atlantic Boulevard Bridge. The marine-themed event will eschew the typical shovel in the ground for something "reel" fun. The new look for the bridge has been designed by Currie Sowards Aguila Architects and will be built by Burkhardt Construction. The public is invited to attend the ceremony which will feature speeches by company officials and local dignitaries.

The festivities begin at 10:30 am on Monday, December 11, 2017 at The Foundry restaurant.

"This new bridge will become a tremendous asset to the City," said Horacio Danovich, City of Pompano Beach CIP Manager. "In addition to the practical function, this bridge is a symbolic 'welcome' to all who visit our beachfront. In the past couple of years, the beachfront has undergone a magnificent transformation. From a once blighted area, it is now emerging as a popular site attracting restaurants, businesses and a hotel."

Currie Sowards Aguila Architects (www.csa-architects.com), who designed the instantly iconic Pompano Beach Pier Parking Garage, has been tapped to design the new bridge. The Atlantic Boulevard Bridge will display a playful design concept which incorporates sail-like components and a marine-themed mural at the bridge tender house base.

"When people see the bridge, they will probably assume we were influenced by the sail-like components and art work of our garage design, however, we actually designed the bridge first," explained architect Jess Sowards. "We knew these two structures needed to have a cohesive style, but we created each with its own personality. This area will truly be a gateway to the city, and we are thrilled that our designs will be welcoming residents and visitors alike for decades to come."

About the Pompano Beach Redevelopment Agency (CRA):

A Community Redevelopment Agency (CRA) is a dependent district established by City government for the purpose of carrying out redevelopment activities that include reducing or eliminating blight, improving the economic health of an area, and encouraging public and private investments in a CRA district.

The CRA is governed by State Statutes, Chapter 163, Part III. The Pompano Beach Community Redevelopment Agency is funded through Tax Increment Financing (TIF). The funds are collected as property values increase and a portion of that increase is captured by the Agency. TIF raises revenue for redevelopment efforts without raising taxes.

Learn more: http://pompanobeachfl.gov/index.php/pages/cra/cra

Related link:

This news story was published by the Neotrope® News Network - all rights reserved.