MESSAGE FROM MAYOR DERRICK L. HENRY Community Redevelopment Areas (CRAs) are one of the most important tools we have to reinvest in Daytona Beach’s neighborhoods and commercial corridors. By law, every additional dollar of property tax value generated in a CRA must stay in the same area as it was generated. In Daytona Beach, our five CRAs – Ballough Road, Downtown, Main Street, Midtown and South Atlantic – together cover less than 4% of the city’s land area, yet they are our most promising opportunities for economic development. Our CRAs exist for one reason: to create places where people want to live, work, invest and visit. The careful stewardship of tax-increment funds is part of a long-term strategy to strengthen Daytona Beach’s economic foundation while honoring its history and culture. I am proud of the progress we have made together and
grateful to my peers on the CRA Board, our staff team, residents and our many community partners for their tireless work. We are investing in projects that position our CRAs for future growth. At the same time, targeted grants from hurricane recovery assistance for residents and small businesses to ongoing facade, landscape and commercial improvement programs are helping property owners upgrade buildings, preserve historic structures and bring new life to our commercial corridors. The Redevelopment and Neighborhood Services team, led by Director Ken Thomas, is committed to progress and has been intentional about addressing concerns and moving projects forward. We will continue to use every resource available to attract quality investment, support local businesses, expand housing opportunities and enhance quality of life in each of our redevelopment areas. Thank you for your continued support and belief in the future of world-famous Daytona Beach.
DaytonaBeach.gov/Redevelopment
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