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 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%
Business Activity 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.
New Businesses 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. Fit Yoga Factory, Tarpon Avenue Future Home of Brighter Days Brewery
Incentive Grants • 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
Façade Improvement Grants New and Nearly New Restaurant Equipment & Supplies, before and after
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 Copenhagen Café, 15 N. Pinellas Ave . Fuel Bar on Lime
Restaurant Recruitment Grants Tuscan Sun Italian Bistro, before and after
Economic Impact 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
Public Infrastructure Projects North Safford Recreational Corridor The canoe/kayak launch opened in winter 2016, and the shade structure in late 2017.
Public Infrastructure Projects Ring Avenue Reconstruction and Municipal Parking Lot 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.
Public Infrastructure Projects Pinellas Avenue Landscaping The southern portion of Pinellas from Meres to Tarpon Avenue was beautified in 2017.
New Signage Historic District Signs 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.
Residential Projects 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 on Orange Street • Two single family homes with detached garages • Construction began fall 2018 and is ongoing.
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
Commercial Projects Blue Bayou Inn 427 E. Tarpon Ave. • Complete Renovation • 10-room B&B • Opened in February 2019
Commercial Projects Lemon Street Trade Center • 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
Commercial Projects Safford Avenue and Center Street Redevelopment 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.
Commercial Projects Jessie’s Garden 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
Future & Ongoing Projects • West Tarpon Avenue • CRA purchased Sunbay Motel for demolition • Promoting development opportunities • $25,000 Forward Pinellas Grant for Best & Highest Use Scenario • 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 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
Thank You
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