During a recent meeting of the Miami-Dade County Planning Advisory Board, members discussed a significant plan aimed at revitalizing local areas through a Community Redevelopment Agency (CRA). The proposal outlines a budget of approximately $12 million for the first ten years, with a total projected funding of $168 million over the life of the CRA. This funding will be allocated across six key categories: business and development, community connectivity and mobility, housing, public space and recreation, and infrastructure.

The board emphasized the importance of building on existing community assets rather than starting from scratch. This approach aims to create a sustainable momentum for development that aligns with the aspirations and concerns of local residents. The plan is designed to be flexible, allowing for updates as community needs evolve over time.

A crucial aspect of the CRA is the tax increment financing mechanism, which will capture increases in property values within the designated area. As property values rise, a portion of the increased tax revenue will be reinvested back into the community, ensuring that the benefits of growth are felt locally.

The board unanimously approved the plan, finding it consistent with the County's Comprehensive Development Master Plan (CDMP). This decision marks a significant step toward enhancing the quality of life for residents by addressing critical areas of need and fostering economic development.

In addition to the CRA discussions, the meeting included updates on the board's request for information regarding how the Board of County Commissioners (BCC) has acted on previous applications. Members were informed that this will be an ongoing effort to keep the board informed about the outcomes of their recommendations.

Looking ahead, the board also raised concerns about a recent ordinance that imposed a temporary moratorium on annexation and incorporation, which had not been presented for their input. Board members expressed the need for clarity on this issue, and staff committed to providing a detailed briefing at the next meeting.

Overall, the meeting underscored the board's commitment to engaging with community needs and ensuring that development efforts are aligned with the aspirations of Miami-Dade residents.