Boca Raton's City Council is exploring significant financial strategies to fund upcoming infrastructure projects, including new civic buildings and public spaces, without immediate out-of-pocket expenses. During a recent workshop, city officials discussed a plan that anticipates over $3 billion in revenue over a 99-year lease term, with a projected net present value of $330 million to $350 million.

The council is considering various funding mechanisms that would allow the city to avoid upfront costs for infrastructure improvements. Instead, these costs could be financed through loans that would be repaid with future revenues generated by the project. This approach aims to ensure that the city can begin developing essential facilities, such as a new city hall and community center, while managing cash flow effectively during the initial construction phase, which is expected to be cash flow negative for approximately five years.

City officials emphasized the importance of balancing development with community needs, ensuring that the project aligns with the scale and character of Boca Raton. The proposed plan includes low-scale residential areas and civic buildings designed to enhance public spaces without overwhelming the community's aesthetic.

To validate the financial projections, the city is working with real estate consultancy CBRE and financial consultants PFM. While CBRE has completed most of its evaluations, PFM's comprehensive economic and fiscal analysis is expected to be finalized within the next two weeks, providing further clarity on the project's financial implications.

As Boca Raton moves forward with these plans, the council remains focused on creating a sustainable and vibrant community that leverages future revenues to support its infrastructure needs. The upcoming evaluations will play a crucial role in shaping the final decisions regarding funding and project implementation.