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Riviera Beach Board Reviews Gateway Project Lease Agreement with Exact Capital

August 28, 2025 | Riviera Beach, Palm Beach County, Florida


This article was created by AI summarizing key points discussed. AI makes mistakes, so for full details and context, please refer to the video of the full meeting. Please report any errors so we can fix them. Report an error »

Riviera Beach Board Reviews Gateway Project Lease Agreement with Exact Capital
During the recent Community Redevelopment Agency (CRA) meeting on August 27, 2025, significant discussions centered around the development of the Riviera Beach Gateway Project, a key initiative aimed at revitalizing the city’s entrance. The project, which involves collaboration with Exact Capital, is poised to enhance the community's appeal and economic prospects.

The meeting highlighted the progress made since the board's initial decision in February to partner with Exact Capital for this development. Representatives from Exact Capital were present to address any questions from the board members regarding the lease agreement, signaling a commitment to transparency and community engagement.

Commissioner Guyton, who was not part of the board during the initial approval, raised important inquiries about the financial capacity of the Riviera Gateway LLC and the Riviera Beach Housing Authority. He requested access to the documents that demonstrate their financial capabilities, emphasizing the need for thorough understanding and oversight in such significant projects.

This project is seen as a gateway to Riviera Beach, with the potential to attract visitors and stimulate local businesses. The discussions reflect a broader commitment to ensuring that developments not only meet financial criteria but also align with the community's needs and aspirations.

As the CRA moves forward with this project, residents can expect updates on its progress and how it will contribute to the overall revitalization of Riviera Beach. The focus remains on fostering a vibrant community that benefits all its residents.

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