![]() “Nothing has been built in this corridor of similar size and scale with these amenities,” said Tran. ![]() The CRA hired its own consultants to do an economic impact study of the Pompano Station project, which lies within the East CRA district. The other 5% would go to the taxing authorities for administrative costs.Īs the East CRA has a sunset date of 2031, the CRA can only commit to the tax increment rebate until 2031, or until the gap is achieved, whichever occurs sooner. Once the project is completed and the developer starts paying taxes on the development, the CRA would rebate back to the developer 95% of the tax increment generated by the project. The developer’s own funds would be used to construct the Pompano Station project. Without assistance from the CRA to fund the gap, the developer will not be able to carry out the project as it is being proposed, if at all, said CRA Director Nguyen Tran. The taxes generated by the project would be used to help finance the project. In order to meet the gap, the developer is seeking a tax increment financing agreement with the CRA. Grover Corlew, the real estate investment management group that owns the bank buildings and the associated parking lots, has submitted plans to the City that are currently under review.īased on the developer’s financial analysis of the project, there is a financial gap of $9.1 million. The East Transit Oriented Corridor (ETOC) is a zoning district created several years ago that allows mixed-use development (a combination of commercial and residential uses within a single project or building) along Atlantic Boulevard, and is intended to support mass transit use and a pedestrian-friendly environment. Pompano Station would be the first new development in the East Transit Oriented Corridor zoning district to meet the requirement of providing a minimum of 15% of the housing units as affordable, rather than opt out by paying a fee per unit. The residential units would be market rate rental units, with 53 units of affordable workforce housing. Atlantic Blvd., on the east side of NE 24th Avenue. Atlantic Blvd., on the west side of NE 24th Avenue.Īn 8-story building with 147 residential units is being proposed for the 1.2-acre lot behind the Chase Bank building, located at 2401 E. The two parking lots sit on opposite sides of NE 24th Avenue, just west of Publix.Īn 8-story building with 208 residential units is being proposed for the 1.6-acre lot behind the Bank of America building, 2335 E. The developer of Pompano Station, a $102 million 355-unit development being planned for the parking lots behind the Bank of America and Chase Bank buildings on East Atlantic Boulevard, is seeking $9.1 million in financing from the Pompano Beach Community Redevelopment Agency (CRA) in order for the project to get off the ground. Authorities later determined the bag contained clothes and other miscellaneous items and said it posed no threat.BY MARIE PULEO | POMPANO BEACH REAL ESTATE AND DEVELOPMENT REPORTER Several streets inside Atlantic Station were shut down Wednesday afternoon as police investigated a “suspicious package” that was found in the parking garage after Marley’s arrest. It wasn’t immediately clear what happened with those charges, but he does not appear to have any open court cases, according to his Fulton County pretrial report. He was arrested again four months later on a theft by receiving stolen property charge in DeKalb County, court records show. The incident was domestic related and court records indicate Marley threw a bowl of food at a relative’s head during an argument, Channel 2 reported. Jail records show Marley was arrested by Chamblee police on a simple assault charge in January 2018. He will remain held at the Fulton County Jail without bond until his next court appearance, which has yet to be scheduled, authorities said. ![]() Marley faces 11 charges, including five counts of criminal attempt to commit a felony and six counts of possessing a weapon during the commission of or attempt to commit certain felonies. Wednesday’s arrest came just two days after a gunman opened fire inside a Boulder, Colorado, supermarket, killing 10 people, including store employees, shoppers and a police officer.Ītlanta police declined to answer questions about a possible motive Thursday or release the officers’ body camera footage, citing the ongoing investigation. Investigators have not said why Marley had so many guns inside the Publix or what he planned to do with them. The seized items were turned over to members of the Bureau of Alcohol, Tobacco, Firearms and Explosives task force, which responded to the grocery store, according to the incident report. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |