Winter Park wants to grow its downtown redevelopment district
A public meeting will be held Monday for residents to hear more about the new CRA plan, which will ultimately need county approval
By Beth Kassab
Winter Park wants to extend the borders and lengthen the lifespan of its Community Redevelopment Agency, a move that could provide a major revenue boost for public projects within the special district’s boundaries.
The city will host a public workshop on the plan on Monday at 5:30 p.m., at the Winter Park Community Center, 721 W. New England Ave.
Three major commercial corridors — Lee Road, Fairbanks Avenue and a larger section of Orange Avenue — are the targets of the expansion as outlined by a public-facing city web page devoted to seeking public input about the plan. Orange County Commissioners must sign off on the expansion of the CRA’s borders as well as its extension beyond 2027, when it is scheduled to dissolve.
CRAs require county approval because they siphon increases in property tax revenue from land inside the special district from general county funds so that it can be reinvested into projects within the CRA.
CRA revenue totaled $7.1 million last year, according to city documents, and would surely grow along with the size of the district.
Recently, commissioners have discussed the potential expansion of the CRA as a way to fund everything from transportation projects to purchasing more park land.
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