Six years of community investment

PSJRA

Gail Alsobrook, executive director of the PSJRA, seals the deck at the Rish Memorial Parking Lot with the assistance of some volunteers.

Wes Locher
Published: Thursday, January 9, 2014 at 09:31 AM.

As with the landscaping along U.S. Highway 98, the Port St. Joe Redevelopment Agency continues to expand its roots in 2014.

With a $3.8 million investment in the community since 2006, the seeds have certainly been planted.

The PSJRA celebrated a successful 2013 last month, capping off a calendar year in which a new downtown banner series was unveiled, the new Billy Joe Rish Parking Lot and deck was completed, a project to construct new sidewalks along Martin Luther King, Jr. Blvd. finally has the green light and highway landscaping reached the George Tapper Bridge.

With a slide in property values having impacted the Tax Increment Funding – a percentage of property value increases within the boundaries of the PSJRA compared to a baseline year – that supports the PSJRA.

The county and city of Port St. Joe have both seen statute-required contributions to the PSJRA recede in the past few years.

But the agency has nonetheless been able to use those funds to bring more than $1.3 million in active grant funding during 2013.

“We have limited funds and we were diligent in leveraging those funds for grant dollars,” said executive director Gail Alsobrook.



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