PSJRA workshop offers opportunities

Published: Thursday, April 10, 2014 at 10:26 AM.

No one’s taxes increase – resident Lorinda Gingell suggested taxes actually stay down because the redevelopment agency improves property values for all – and it’s not an additional tax; the agency simply is getting a slice.

The agency did not even draw funding until the early 2000s.

That funding, much less since the decline of the real estate market, can only be spent within the agency boundaries, Alsobrook said.

Further, it can only be spent on projects within the parameters of the agency’s master plan.

Property values in the expanded area – nearly all of the neighborhood of North Port St. Joe – established in 2009, have not rebounded yet to draw income.

That has not prevented the agency, as noted by board member Patti Blaylock, from using dollars to leverage for grant funding for the expanded area, such as for new sidewalks on Martin Luther King, Jr. Blvd and lights on David Langston Drive.

State law allows the agency to use a small percentage of dollars from the original area for such purposes, Alsobrook said.

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