Contact: LaShaun Middlebrooks Collier, Deputy Director of Communications,
Fort Myers Community Redevelopment Agency: (239) 321-7100
FOR IMMEDIATE RELEASE:
CRA approves commercial property improvement grants for downtown
FORT MYERS, Fla. (Sept 11, 2024) – The Fort Myers Community Redevelopment Agency (CRA) recently approved two Commercial Property Improvement Matching Grants for the Downtown Redevelopment Area during their last meeting of the fiscal year.
The first grant was approved for Oasis Restaurant in the non-to-exceed amount of $4,657.13 for their property located at 2260 Dr. MLK Blvd. for landscaping.
The second grant is for the not-to-exceed amount of $43,203.94 for Dean Street Sports Bar LLC located at 1418/1420 Dean St. The funds will be used for awning, door and window replacement.
The CRA Commercial Property Improvement Grant Program is a matching grant for commercial property owners and businesses within Fort Myers redevelopment areas. The maximum potential grant available for a project in Tier I is 75 percent of the total eligible expenditure, with a maximum award of $50,000. The Fort Myers CRA has offered commercial preservation incentives/ grant programs since 2010 and grant awards are based on the availability of funds.
Last December, the CRA had announced that due to a high volume of applications, the 2023/24 funding cycle for the Downtown Redevelopment Area was closed. However, the Board of Commissioners approved another $500,000 to add to the Downtown CPI Matching Grant budget.
Grants will open up again in October 2024.
More information on the CRA’s Commercial Property Improvement Grant Program can be found at https://www.fortmyerscra.com/incentives/commercial-property-improvement-matching-grant.
