The Town of Orange Park's Economic & Community Development Committee convened on January 2, 2025, to discuss the establishment of Community Redevelopment Areas (CRAs) aimed at revitalizing declining neighborhoods. The committee emphasized the importance of identifying areas with a declining tax base, high crime rates, dilapidated housing, and infrastructure deficiencies as part of the CRA process.

During the meeting, officials referenced Florida Statute Chapter 163, which outlines the requirements for creating CRAs. The statute mandates that local governments conduct objective studies to determine if specific areas meet the criteria for redevelopment. This includes assessing issues such as crime, housing conditions, and public safety concerns. The committee acknowledged the sensitivity surrounding the designation of areas as "blighted," recognizing the political implications of such classifications.

The discussion highlighted the potential for CRAs to reverse economic decline by collecting tax increments from improved properties within designated areas. For instance, the committee noted the experience of Panama City, which successfully established four CRAs, and Green Cove Springs, which began its CRA in 2022 and has seen initial tax collections grow steadily.

The committee's focus on CRAs reflects a proactive approach to economic development in Orange Park, aiming to enhance community well-being and stimulate local investment. As the town moves forward with these initiatives, the committee plans to further analyze potential districts and develop actionable plans to address the identified challenges. This strategic direction is expected to foster growth and improve living conditions for residents in the targeted areas.