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Century Looks To Escambia County For Community Redevelopment Area Help
February 2, 2016
The Century Town Council decided Monday night to hold off on forming a Community Redevelopment Agency (CRA) until they can find out how much of the necessary paperwork might be done with the help of Escambia County.
Upon declaration of an area as blighted, the CRA works to improve conditions. As property tax values rise, most of the increase is funneled back into the redevelopment area for further improvements. An estimate provide by Escambia County showed Century might, in a best case scenario, receive about $5,300 in tax funds for the first year of a CRA that included a full maximum 80 percent of the town. The money can roll over year to year, up a 40-year life for a CRA.
Council member Ann Brooks said Monday night that she is in favor of a CRA, but express concerns that legal fees, paperwork and staff costs could significantly decrease, or even exceed, the available funds of a young CRA.
Monday night, Escambia County Commissioner Steven Barry expressed a willingness for Escambia County to help Century navigate and complete the CRA process. The county has a CRA staff on the payroll.
The council directed Mayor Freddie McCall to contact Barry and see how much help Century might receive from the county.
There are currently nine other redevelopment districts in Escambia County — Atwood, Barrancas, Brownsville, Cantonment, Englewood, Ensley, Oakfield, Palafox and Warrington — and three within the City of Pensacola.
NorthEscambia.com file photo.
Comments
3 Responses to “Century Looks To Escambia County For Community Redevelopment Area Help”
Yes, because Century is changing so much, all the time! All those businesses scouting the town out. What sort of return has the town realized on it’s 15K website? And why would a CRA attract any new business? Just not seeing the end game here.
This is wonderful news. I believe having Steve Barry’s attention and willingness to partner is any endeavour with Mayor McCall and Century town council is really a necessity and win win for the entire area.
Now this is Progress! Century Is District Five. Steve Berry is responsible. So pleased to see the council is going to partner with them. Ann Brooks we are impressed with you. I also hope this leads to further connections made with the county. Change is in the wind.