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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.
Today
The Vision
Issue Summary Strategy ImplementationNondescript buildings physical Design guidelines
Bldg. conditions physical Improvement grants
Substandard infrastructure
physical Stormwater and utility improvements
Maximize use of OS physical OS venue improvements
Taming of SR40 physical Streetscape improvements
Suburban character regulatory Emphasize form – not use
Lack of pedestrians Bus. support Create special events
Business vacancy Bus. Assist. Marketing, advertising
Downtown transformationDowntown transformation
195 W. Granada
136 W. Granada
50 New Britain
Vinning Court Streetscape
150-156 W. Granada (Under
Construction)
Public Way Signage
362 W. Granada
Project Cost
Vinning Court Streetscape $425,300
Public Way Signage $93,100
Building Improvements Grant $106,000
LED Street Light Conversion $432,000
Stormwater Master Plan & Conceptual Permit $125,000
Total spent or obligated $1,181,400
Project Private Investment $
362 West Granada Boulevard $192,723
195 West Granada Boulevard $450,000
150-156 West Granada Boulevard $207,570
50 New Britain $112,700
136 West Granada $327,000
Total $1,289,993
Leverage ratio: ($1TIF:$4.30 Private)
Description Project Cost Fund Balance
Balance as of 10.1.11 $3,069,851
Stormwater Implementation $500,000 $2,569,851
Underground Utilities & Landscape Median - Granada
$1,700,000 $869,851
Thompson Creek Bike Trail $298,250 $571,601
LED Side Street Light Conversion $130,000 $441,601
Property Improvement Grants $425,000 $16,601
Transit Assistance $16,601 $0
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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