Transcript REDEVELOPMENT

REDEVELOPMENT
Building Better Communities.
REDEVELOPMENT
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Def. — publicly-financed rebuilding of an urban,
residential or commercial area
revitalization
preservation
Our community
Provided by the Hollywood Beach CRA
Provided by the Volusia County CRA
REDEVELOPMENT ACTIVISTS
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Improve the quality of life and economy for a
community
Unite communities
Include:
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Community Redevelopment Agencies (CRA)
Downtown Development Authorities (DDA)
Downtown Improvement Authorities (DIA)
Main Street Programs
Developers
Etc.
REDEVELOPMENT HISTORY
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Community Redevelopment Act
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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
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“Finding of Necessity”
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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 NEED
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Slum
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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 NEED
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Slum (cont.)
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Meeting one or more of the following factors:
 Inadequate provision for ventilation
 Over-crowding
 Conditions which endanger life or property
IDENTIFYING A NEED
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Blight
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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 NEED
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Blight
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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
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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)
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Funding mechanism used to provide financial
means for redevelopment with a CRA
Redistribution of tax revenues generated from the
target CRA
Redevelopment Trust Fund:
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“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 (TIF)
Property “A”
2000
Base Year
$10,000 value
City and County
Receive
$11.12
2005
$15,000 value
City and County
Receive
$11.12
Redevelopment
Trust Fund
Receives
$5.60
CREATING A PLAN
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CRA responsible for creating and implementing
Community Redevelopment Plan
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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
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Formed in [YEAR]
[Insert your CRA’s mission
statement]
Goals for improvements:
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[1]
[2]
[ETC.]
[YOUR CRA/COUNTY]
REDEVELOPMENT
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From vision to reality
PROJECTS
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[Success Story #1]
[Describe the project
and identify why it was
a success (e.g., created
130 affordable housing
units).]
PROJECTS
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[Success Story #2]
[Describe the project
and identify why it was
a success.]
PROJECTS
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[Success Story #3]
[Describe the project
and identify why it was
a success.]
COMMUNITY INVOLVEMENT
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[Special Event #1]
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[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 INVOLVEMENT
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[Special Event #2]
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[Describe the event your CRA hosted/sponsored and
identify why it was a success.]
OBSTACLES FOR REDEVELOPMENT
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Important to local communities and economies, but
benefits are not well understood.
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Local programs hindered in redevelopment efforts
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Lack of community support for local initiatives
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Difficulty in garnering local elected-official support
BENEFITS OF REDEVELOPMENT
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Provides funding for revitalization of rundown urban
areas
Encourages private-sector investment
Provides affordable housing
Provides incentives to revive downtown
Provided by the Gainesville CRA
BENEFITS OF REDEVELOPMENT
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Cleans-up contaminated
properties and reduces crime
Brings culture and pride to the
community
Provided by the Hollywood Beach CRA
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Provided by Inverness CRA
Preserves identity of
community
Brings people back to
downtown
COMMUNITY SUPPORT
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Community involvement and
support are integral to the
success of local
redevelopment efforts.
Contact the [CRA Name]
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Visit: [Insert your address
here]
Call: [Insert your phone
number here]
Online: [Insert your website
and/or e-mail address here]