DB CONVENTION HOTEL – OAKRIDGE BLVD. UTILITY IMPROVEMENT (2013-Present) Location: 442 & 500 North Atlantic Avenue In 2013, by resolutions CRA 13-03 and 13-79, the Community Redevelopment Agency and the City of Daytona Beach entered into an agreement with Protogroup Inc. to reimburse construction costs for certain public improvements related to the development of a convention hotel and condominiums. The agreement authorized Main Street Redevelopment funds for stormwater, landscaping and streetscape enhancements at the Oakridge Boulevard Pedestrian Beach Access. The CRA will reimburse Protogroup for the actual documented costs of constructing the improvements located in the Main Street CRA Area. Approx. Project Value: $1,006,211.44 CRA Contribution: Up to 50% of the Ad Valorem Tax increment received by the CRA from the completed project over five years.
DB CONVENTION HOTEL <<
LAND ACQUISITION (2021-Present) Location: Main Street Redevelopment Area
Under Florida’s Community Redevelopment Act, the CRA is authorized to acquire property within the Main Street Redevelopment Area for public improvements, sites for public facilities, elimination of unsafe conditions, removal of non- conforming uses and facilitation of private investment. 29 South Ocean | 210 N. Peninsula Dr. | Corbin Building, 777 Main St.
CRA Expenditure: $6,188,180.45 $6,095.40 (2021) | $3,130,208.38 (2022) $865,526.19 (2023) | $2,186,350.48 (2025)
LAND ACQUISITION CORBIN BUILDING<<
5 YEAR CRA Comprehensive Report | 35 | Return to Table of Contents
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