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From PNJ
Most of the CRA’s property tax revenue — which has been in decline as property values have dropped off in recent years — is committed to paying off bonds used to finance the $58 million Community Maritime Park.
And starting next year, the CRA also must begin making $1.3 million annual payments to the Emerald Coast Utilities Authority for the wastewater treatment plant relocation.
City and county plans to use a new countywide taxing district as the primary method of financing for the West Florida Public Library System will blow another hole — $322,000, to be exact — in the CRA budget, since city officials have committed to keeping property taxes level by cutting them elsewhere.
By 2016, the only things the CRA will be able to pay are the park bonds and treatment plant debt, according to Winterberg-Lipp’s memo. All other expenses, including payroll and basic operational expenses, will have to come from the city’s general fund.
It’s unclear if the CRA will even be able to pay those debt obligations by 2017, which means the city would have to help pick up the tab.
Expect a lot of discussion on the City Council this year about the future of the CRA.
Looks like the house of card is falling fast.
And Proctor from the PNJ
But when you look at a map of all nine developable sites crammed within the park– granted, sites that need to be developed to generate revenue– it occurs that when fully built out, which could be a decade or more, it will be more an office park and less of a public park
All that will be left for the public is a small lawn area at the back of the park and the amphitheater.
Even now, there’s no signage along Main Street even identifying that it is a public park.
To a first-time visitor to Pensacola driving by the site it looks singularly like the home to a baseball stadium. (Duh!!!) There’s nothing really visible– at present– that invites or encourages people to use the park.
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Maybe Hodini will show up soon and solve the problem. There has to be more to the story than this. Surly someone has a magic bullet or a plan from the heavens that they are just keeping to their selves.
Most of the CRA’s property tax revenue — which has been in decline as property values have dropped off in recent years — is committed to paying off bonds used to finance the $58 million Community Maritime Park.
And starting next year, the CRA also must begin making $1.3 million annual payments to the Emerald Coast Utilities Authority for the wastewater treatment plant relocation.
City and county plans to use a new countywide taxing district as the primary method of financing for the West Florida Public Library System will blow another hole — $322,000, to be exact — in the CRA budget, since city officials have committed to keeping property taxes level by cutting them elsewhere.
By 2016, the only things the CRA will be able to pay are the park bonds and treatment plant debt, according to Winterberg-Lipp’s memo. All other expenses, including payroll and basic operational expenses, will have to come from the city’s general fund.
It’s unclear if the CRA will even be able to pay those debt obligations by 2017, which means the city would have to help pick up the tab.
Expect a lot of discussion on the City Council this year about the future of the CRA.
Looks like the house of card is falling fast.
And Proctor from the PNJ
But when you look at a map of all nine developable sites crammed within the park– granted, sites that need to be developed to generate revenue– it occurs that when fully built out, which could be a decade or more, it will be more an office park and less of a public park
All that will be left for the public is a small lawn area at the back of the park and the amphitheater.
Even now, there’s no signage along Main Street even identifying that it is a public park.
To a first-time visitor to Pensacola driving by the site it looks singularly like the home to a baseball stadium. (Duh!!!) There’s nothing really visible– at present– that invites or encourages people to use the park.
,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
Maybe Hodini will show up soon and solve the problem. There has to be more to the story than this. Surly someone has a magic bullet or a plan from the heavens that they are just keeping to their selves.