CRA Overview Mayor’s Urban Redevelopment

Advisory Committee

2.24.2012

Today’s Overview

• What is Tax Increment Financing? • How does it work? • Establishing Pensacola’s TIF • Context • Demographics • Structure • The CRA Plan and Activities • Financial summary

What is TIF? • Originated in California in the 1950s • Geographically-designated funding source • Established to eliminate slum and blight • Can be used for a range of redevelopment

activities and to incentivize private development • The “but for” concept

How Does it Work?

Establishing Pensacola’s TIF

Establishing Pensacola’s TIF

• Florida’s Community Redevelopment Act, Ch. 163, Part III, Florida Statutes

• Community Redevelopment Agency created in 1980 by City Council

• Community Redevelopment Plan adopted and first increment collected in 1984

• 256 city blocks/1,250 acres

Establishing Pensacola’s TIF

Neighborhood Context

PORT ROYAL

The Key Stakeholders

• Neighborhoods • ECUA • School Board • Escambia County • State of Florida • Port of Pensacola • Downtown Tech Park • Downtown Improvement Board • Community Maritime Park Associates

• Gulf Power • Chamber of Commerce • Downtown Business-

owners • TransMontaigne Petro

Demographics

• 2012 Est. Population: 3,059 (3,077 in 2000)

• 2012 Avg Household Size: 1.95 (2.01 in 2000)

• 2012 Median Age: 43.9 (40.3 in 2000)

• 2012 Minority Population: 55% (44% in 2000)

Demographics • 2012 Median HH Income: $34,634 ($23,871 in 2000) • 2012 Per Capita Income: $25,339 ($16,569 in 2000) • 2012 Owner-Occupancy: 43.9% (42.7% in 2000)

Structure

• Community Redevelopment Agency Board comprised of nine City Council members

• Meets on Mondays before Committee of the Whole

• Staff support provided by City to carry out activities

• CRA-funded activities must occur within CRA(rea) and comply with CRA Plan

The CRA Plan

• First adopted in 1984 • Periodic updates: 1989, 1995 Waterfront

Redevelopment Plan, 2000 Waterfront Development Plan

• Comprehensive update in 2010

• Volumes I and II

2010 CRA Plan Capital Projects • Pensacola Baywalk • Park Improvements (Corinne Jones, Bartram Park) • Gateways • I-110 Terminus Reconfiguration • Road Diets (Main/Bayfront, DeVilliers, Jefferson)

• Reintegrating the street grid at ECUA • One-Way Conversions (Spring/Baylen, Alcaniz/Davis)

• Transit (bus, water taxi, ferry service)

Activities • Streetscaping: Palafox, Belmont-DeVilliers, Alcaniz,

A Street • Waterfront Development: Commendencia Slip,

Plaza de Luna, South Palafox marina • Commercial Façade Grant program • Economic development incentives and properties • Public space and beautification • One-way conversions • Community Maritime Park bonds ($2.6 M FY13) • Demolition/relocation of ECUA WWTP ($1.3 M

FY13)

Tax Structure

Escambia County, $875.60

City of Pensacola,

$505.70

NW FL Water Management District, $5.00

Escambia County School Board,

$878.80

City of Pensacola

Escambia County School Board

NW FL Water Mgmt District

Escambia County

Pays into the TIF Trust Fund

Financial Overview

• 1983: – Taxable Value: $87 M – TIF Revenue: $69,000

• Peak 2007 – TIF Revenue: $5.4 M

• 2011: – Taxable Value: $510 M – TIF Revenue: $4.2M

Why? • Decline in

property values • State and local-

level millage rate decreases

• Increased tax exemptions

Financial Overview

Planning Services

• Comprehensive Plan Implementation • Implementation of the Land Development Code (LDC) • Site Development Plan Review • Floodplain Management and CRS Program • Staff Support to:

– Planning Board – Architectural Review Board – Zoning Board of Adjustment – Gateway Review Board

• Business Licenses • Sidewalk Program

Downtown Technology Campus Gateway Redevelopment District

Actual Land Use

Future Land Use "The Plan identifies a number of areas within the Urban Core Redevelopment Area that should be considered for policy amendments to the City of Pensacola Comprehensive Plan’s Future Land Use Plan. Specifically, in a number of places, industrial land use policies within the Area are incompatible with adjacent land uses and with the redevelopment activities called for by the Plan."

Future Land Use "ECUA site and nearby industrially zoned properties, if developed with industrial uses, will slow redevelopment efforts in the Tanyard neighborhood"

"Industrial land use designations at Wright Street, and at Tarragona and Romana Streets are isolated and incompatible with their surroundings"

"Industrial uses along Heinberg Street and railroad separates the East Hill Neighborhood from the Pensacola Historic District and waterfront to the south"

Special Districts

• Concentrates on urban form rather than uses • Encourages urban context rather than suburban • Standards create predictable outcomes • Private buildings shape the public space and relate

to the public realm • Promotes an interconnected street network with

pedestrian-scaled blocks

What is a Form-Based Code?

The Public Realm

VS.

Block massing and connectivity dictates:

THIS THAT

The Pedestrian Experience

Which route would you rather take?

• Does not change zoning or permitted uses • Enhanced public realm and connectivity • Implementation of Urban Core CRA Plan • Foster a high-level of urban design and aesthetics • Allow for architectural creativity and diversity • Support redevelopment of vacant properties • Security and predictability for property owners • Provide a gateway to the Community Maritime

Park and downtown

What Will it Achieve?