Riviera Beach is poised for significant economic growth following a recent Community Redevelopment Agency (CRA) meeting on August 27, 2025, where officials discussed the potential doubling or even tripling of the CRA's tax increment financing (TIF) revenue. With the city's taxable value estimated at approximately $9 billion, the anticipated development projects are expected to substantially increase funding for community initiatives.

Several projects are nearing completion and are described as "shovel ready," indicating they are prepared for immediate construction. This includes the Safe Harbor project, which is already underway and valued at around $200 million. The completion of these developments is expected to enhance the CRA's budget significantly, with projections suggesting that both city and county contributions could increase dramatically.

Currently, the CRA receives about $3.9 million from the Single Island CRA, which could remain with the city if the district is removed from the island. The county's contribution is estimated at around $2.5 million. As these developments progress, the CRA's financial landscape is set to change, potentially leading to a more robust budget that can support further community projects and improvements.

The discussions at the meeting highlight a pivotal moment for Riviera Beach, as the city prepares to leverage its growing economic base to enhance community services and infrastructure. The focus on development in the Broadway Corridor is expected to drive substantial economic growth, positioning the CRA to better serve the needs of its residents in the near future.