CRA Annual Report 2017-18 CRA Background Created in 2001 Total - - PowerPoint PPT Presentation
CRA Annual Report 2017-18 CRA Background Created in 2001 Total - - PowerPoint PPT Presentation
CRA Annual Report 2017-18 CRA Background Created in 2001 Total 227 acres 600 tax parcels Goals: Stimulate redevelopment and revitalization Encourage economic growth Attract private investment Improve attractiveness
- Created in 2001
- Total 227 acres
- 600 tax parcels
- Goals:
- Stimulate redevelopment and revitalization
- Encourage economic growth
- Attract private investment
- Improve attractiveness of central business district
- Taxable Values:
- Municipal Taxable Value increased 10.32% from
FY17 to FY18 ($80 million to $90 million). City taxable value increased 7%
CRA Background
In the 2017-18 year within the CRA:
- 21 Business Openings
- 9 Closings: Bumpa’s Fish Shack, Tarpon Diner, Wall Street Alliance, Sweet E’s
Popcorn, EatGreek Kouzina, Hello Sunshine Café, Mad Hatter General Store/Back in the Day Books, Yard of Ale, Pistachio’s Antiques & Collectibles.
- 7 Expansions/Relocations: Currents Third Space, Ambiance Hair Salon, Olive the
World Market, Tarpon Art Guild, Alpha Umi 5G, Anytime Fitness, The Jerk Center, Tarpon Art Guild, Bohemian Lotus Yoga Studio.
Business Activity
Coming in 2019:
- H’ours Creole Smokehouse, 310 E. Tarpon Ave.
- Fuel Bar on Lime, 35 W. Lime St.
- Brighter Days Brewery, 311 N. Safford Ave.
- Consign and Design, 100 S. Pinellas Ave.
- Papou’s Craft Distillery, 605 N. Pinellas Ave.
- Edward Jones Investments, 22 N. Safford Ave.
- Jake’s Pizza-Qdogs, 619 N. Pinellas Ave.
- Pinocchio’s Pizza, 811 S. Pinellas Ave.
- The Tie Guys, 338 E. Lemon St.
- Blue Bayou B&B, 427 E. Tarpon Ave.
New Businesses
Fit Yoga Factory, Tarpon Avenue
Future Home of Brighter Days Brewery
- CRA Façade Improvement Grant
- Created in 2011- 50% reimbursement up to $10,000 for a single story,
and $15,000 for a two story building
- Approved 69 grants, 33 in historic buildings
- CRA Restaurant Recruitment Grant
- Created January 2015 – 50% reimbursement up to $7,500
- Approved 14 grants, 8 in historic buildings
Incentive Grants
New and Nearly New Restaurant Equipment & Supplies, before and after
Façade Improvement Grants
Restaurant Recruitment Grants
Grants approved since 2015:
Johnny’s Taphouse Grill Olive the World Bistro Sweet L’s Bakery BackDraughts Sweet E’s Kettle Corn Saint Somewhere Brewery Tuscan Sun Italian Bistro KCQue BBQ Two Frogs Brewing Company Copenhagen Café Elks Lodge Olive the World Market Currents Restaurant Fuel Bar on Lime Copenhagen Café, 15 N. Pinellas Ave.
Restaurant Recruitment Grants
Tuscan Sun Italian Bistro, before and after
Economic Impact of grant programs over six years, 2011-2018:
- 74 projects
- $410,393 in combined grant expenditures, resulting in
$3.2 million in private investment
- 696% Return on Investment
Economic Impact
North Safford Recreational Corridor
Public Infrastructure Projects
The canoe/kayak launch opened in winter 2016, and the shade structure in late 2017.
Ring Avenue Reconstruction and Municipal Parking Lot
Public Infrastructure Projects
The reconstruction of Ring Avenue and the construction of a municipal parking lot began in late 2017 and was completed in winter 2018. The new parking lot adds 25 spaces for additional free municipal Downtown parking.
Pinellas Avenue Landscaping
Public Infrastructure Projects
The southern portion of Pinellas from Meres to Tarpon Avenue was beautified in 2017.
Historic District Signs
New Signage
New street signs are being installed at 35 intersections within the CRA and Historic District.
Wayfinding Signs
11 new Trailblazer signs will be installed this year throughout the City, including four in the CRA.
Villages of Tarpon
A project of the Tarpon Springs Housing Authority and Pinnacle Housing Group. $9 million reconstruction of four housing
- complexes. Lemon Street and
Pine Trail Village are located within the CRA. The project began in 2017 and a ribbon cutting was held January 2018.
Residential Projects
Anclote River Crossings
Ten condo units in two buildings on the Anclote River were constructed in 2017. This completes the 36-unit development of upscale housing along the Anclote River and Pinellas Trail.
Residential Projects
Orange Street Residences
- Located across from Tarpon Tavern
- n Orange Street
- Two single family homes with
detached garages
- Construction began fall 2018 and is
- ngoing.
Residential Projects
Pine Street Apartments
- Located at the southwest corner of
Pine and Safford, directly on the Pinellas Trail
- Six apartments in two buildings
- Two one-bedroom and four two-
bedroom
Residential Projects
Blue Bayou Inn 427 E. Tarpon Ave.
- Complete Renovation
- 10-room B&B
- Opened in February 2019
Commercial Projects
Lemon Street Trade Center
Commercial Projects
- New construction at
northeast corner of Lemon and Levis Streets
- 8,000 sq. ft. multi-tenant
light industrial building.
- Attract up to 20 new
jobs to the area and in walking distance of Downtown.
- Tenant: Artists Robert
Stackhouse & Carol Mickett
Safford Avenue and Center Street Redevelopment
Commercial Projects
Sited along the Pinellas Trail two blocks north of Tarpon Avenue, this former warehouse building at 201 E. Center St., is undergoing redevelopment into a mixed use facility to include office, retail and restaurant opportunity.
Jessie’s Garden
Commercial Projects
The City’s first community garden opened in November 2018. The garden consists of 30 4x10 raised plots at 116 N. Ring Ave.
Festivals & Events
- West Tarpon Avenue
- Manatee Plaza
- Allow for higher density within the existing transect to facilitate increased
residential potential and redevelopment into “city center” concept.
- Alt. 19 Corridor
- Targeting underutilized properties for redevelopment.
Future & Ongoing Projects
- CRA purchased Sunbay Motel
for demolition
- Promoting development
- pportunities
- $25,000 Forward Pinellas Grant
for Best & Highest Use Scenario
- CRA Plan Update
- Plan adopted 19 years ago
- Requires update for current
environment; SAP, Smart Code
- Federal Opportunity Zone
- Created by Tax Cuts and Jobs Act,
December 2017.
- Provides tax benefits to investors
- New website to promote
development opportunities
- Educating developers, realtors,
investors on potential