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FY 2011 Status Report on the Ormond Beach Downtown CRA

FY 2011 Status Report on the Ormond Beach Downtown CRA. Volusia County Council Meeting August 9, 2012. Board Members. City Commission acts as CRA Board. Vision. Today.

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FY 2011 Status Report on the Ormond Beach Downtown CRA

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  1. FY 2011 Status Report on the Ormond Beach Downtown CRA Volusia County Council Meeting August 9, 2012

  2. Board Members • City Commission acts as CRA Board

  3. Vision Today Downtown Master Plan Update (2007) depicts preferred concepts that reflect the existing and desired vision articulated for the Creek, River and Ocean Districts. Creek District – Intended to enhance the existing suburban style development pattern. River District – Traditional downtown appearance enhanced with similar form and function. Ocean District – More intensive infill housing with mix use development along Granada and the side streets. The Vision

  4. Issues→ Strategy → Implementation

  5. 136 W. Granada 195 W. Granada 50 New Britain Public Way Signage Downtown transformation Vinning Court Streetscape 150-156 W. Granada (Under Construction) 362 W. Granada

  6. Major Projects completed to improve the Physical Environment 2011

  7. Private Sector (Re) investment in CRA District for FY 2011 Leverage ratio: ($1TIF:$4.30 Private)

  8. Three Year Plan (2012-2014)

  9. In Summary….. • 100% of all TIF expended revenues benefit residents and businesses in the CRA District. No administrative costs are charged to the CRA District. • The contributing TIF partners to this redevelopment effort benefit from the demonstrated confidence exhibited by private sector capital investment in the downtown CRA. On behalf of Ormond Beach & the City Commission, thank you for the support and an opportunity to share our story with you.

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