CRA Narratives & Written Information


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City Center 41 (Cleveland Avenue District project narrative)

Bus Transfer Station (Cleveland Avenue District project narrative)

River Basin (Downtown District project narrative)

Downtown Publix (Downtown District project narrative)

Riverfront Plan (Downtown District project narrative)

Downtown Streetscape (Downtown District project narrative)

Downtown Redevelopment Information Overview (Economic Development)


Links


www.cityftmyers.com/Community-Redevelopment-Agency

Official Website of the Fort Myers CRA

www.filmfortmyers.com

Official website of the Fort Myers Film Office

www.cityftmyers.com

Official City of Fort Myers, Florida, website

www.riverdistrictevents.com

Official website of the River District Alliance

www.myriverdistrict.com

River District Info & Events

What is…


(Click titles below for more information)

  • …a CRA Area or District?
    Under Florida law (Chapter 163, Part III), local governments are able to designate areas as Community Redevelopment Areas when certain conditions exist. Since all the monies used in financing CRA activities are locally generated, CRAs are not overseen by the state, but redevelopment plans must be consistent with local government comprehensive plans. There are currently 178 Community Redevelopment Areas in the State of Florida. The designation is used by Florida cities of all sizes.
  • …a CRA Agency?
    The activities and programs offered within a Community Redevelopment Area are administered by the Community Redevelopment Agency (“CRA”). A five- to seven-member CRA “Board” created by the local government (city or county) directs the agency. The Board can be comprised of local government officials and or other individuals appointed by the local government. Although one local government may establish multiple CRA districts, there generally may be only one CRA Board. Each district must maintain separate trust funds, and expend those funds only in that district. The Fort Myers City Council serves as the CRA Board.
  • …a Redevelopment Plan?
    The Community Redevelopment Agency (“CRA”) is responsible for developing and implementing the Community Redevelopment Plan that addresses the unique needs of the targeted area. The plan includes the overall goals for redevelopment in the area, as well as identifying the types of projects planned for the area.
  • …Tax Increment Financing?
    Tax increment financing is a unique tool available to cities and counties for redevelopment activities. It is used to leverage public funds to promote private sector activity in the targeted area. The dollar value of all real property in the Community Redevelopment Area is determined as of a fixed date, also known as the “frozen value.” Taxing authorities, which contribute to the tax increment, continue to receive property tax revenues based on the frozen value. These frozen value revenues are available for general government purposes. However, any tax revenues from increases in real property value, above the frozen value—referred to as “increment,” are deposited into the Community Redevelopment Agency Trust Fund and dedicated to the redevelopment area.
  • …a FAQ Summary?
    CRAs are a specifically focused financing tool for redevelopment. CRA Boards do not establish policy for the city or county – they develop and administer a plan to implement that policy. The CRA acts officially as a body distinct and separate from the governing body, even when it is the same group of people. The CRA has certain powers that the city or county by itself may not do, such as establish tax increment financing, and leverage local public funds with private dollars to make redevelopment happen. The CRA term is limited to 30 years, 40 years if extended. After that time, all revenues (presumably much increased from the start of the CRA) are retained by each taxing entity that contributed to the CRA trust fund.

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