To create a vibrant and sustainable downtown in which Coral Springs’ residents, businesses, and visitors can live, work, shop and entertain.
Downtown Coral Springs is the Coral Springs Community Redevelopment Agency area.
A Community Redevelopment Agency (CRA) is a legal entity that is created by a municipality or county after a determination that "slum and blight" criteria, established in Chapter 163 Part III of the Florida Statutes, have been met. The purpose of creating a CRA is to carry out redevelopment activities that include reducing or eliminating blight, improving the economic health of an area, and encouraging public and private investments in a CRA district.
On March 2001, the City Commission determined the existence of slum and blight in the downtown area and approved the findings of necessity in order to avoid additional economic and physical decline. On November 6, 2001 the City formally created the Community Redevelopment Agency (CRA). The original version of the CRA Master Plan was approved by the County on September 2002 and it was updated to its current version in June 2014. In 2003, the County agreed to pay the net present value of the County’s share of tax increment for a specific phase of the redevelopment project. After five years, the County chose to revert to tax increment financing using a base year of 2011.
The current CRA fiscal year started October 1, 2016 and ends September 30, 2017 (FY 2016/17). The CRA will expire in 2032.
CRA Board Meeting
DATE: Thursday, May 25th
TIME: 6:30 pm.
LOCATION: West Wing Conference Room
Coral Springs City Hall, 9551 West Sample Road
Meetings dates are subject to change.