Lake Worth Beach CRA approves two apartment complexes
First proposal: The board gave contract approval to a $30 million, 121-unit apartment complex dubbed “Deco Green,” at 1715 North Dixie HighwaySecond Proposal: Five story building in historic downtown, 124-unit, mid-rise apartment complex dubbed “Element.”on the land at 17 South M Street, 23 South M Street, 24 South L Street, 26 South L Street, 30 South L Street and 32 South L Street.
Read about the proposed complexes
It is about time! ALL our neighboring communities are building like crazy increasing their tax base. This is exactly what the CRA was designed to do. Good job!
ReplyDeleteThe CRA is and has been involved in real estate development. Their main focus was forgotten years ago--eliminating slum and blight.
ReplyDeleteWith more people comes more pressure on our resources. Tax money has been going to developers as incentives.
And the City does not get the new taxes derived from the increased value on this development. The CRA gets the TIF and the CRA seems to be in half our city. The monies are used in redevelopment projects only within the CRA district.
We don't need more development in this highly dense city. What we need is better city management.
I watched the restoration of the quaint property on S. Lakeside (400 Block). Such appalling workmanship would not be easy to duplicate. Starting with the windows, and the over-sized griffons, the whole thing is so tacky, there couldn't have been any professional people involved in the project. Only the totally unschooled eye would find anything about the restoration even remotely tasteful.
ReplyDeleteIt's actually shameful that this is the kind of work the CRA does.
Fist of all Idiot, that project is not in the CRA district and the CRA had nothing to do with it.
ReplyDeleteSecond, you must have some kind of bone to pick with the owners or developer of that project. The workmanship and preservation efforts they took to make this one of the best restorations we've seen. Look at before and after images is all you would need and yes, even an "untrained" eye could see this was a successful restoration.
Actually one way to eliminate blight is to remove it and redevelop in its place.
ReplyDeleteThe tired old argument that the city does not get the tax dollars belies the fact that the CRA spends all its money from the Tax Increment Funding it receives inside the city. If this TIF wasn't working, the CRA would not have any money to work with due to no increase in property values which account for its budget.
The CRA has been concentrating its efforts on Dixie Highway and the progress can be seen in the new mixed use developments on North Dixie. That whole area has been a blight. The CRA is eliminating that blight.