City of Largo, Florida

City of Largo, Florida
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Overview of West Bay Drive Community Redevelopment District

Overview of West Bay Drive Community Redevelopment District

 

Downtown_Largo

 

The West Bay Drive Community Redevelopment District (WBD-CRD) Plan addresses the special assets, character and identity that make Largo unique while seeking to create a mixed-use urban environment. The Plan reflects the community's desire to regenerate the traditional downtown and make it the center and heart of the city. Review a map of the WBD-CRD.

Here is the entire 2009 West Bay Drive Community Redevelopment District (WBD-CRD) Plan.

 

The West Bay Drive Plan has four Character Districts. Below is a description of each along with the General Design Standards:

General Design Standards

Mixed-Use Corridor

Medical Arts

City Home

Neighborhood Residential

 

Download a general brochure with more information about the West Bay Drive Community Redevelopment District.

 

Downtown Largo Events and Promotion Assistance Program Now Available
 
Your business, non-profit, or neighborhood group within incorporated Largo can apply for assistance with City-related expenses for your special event in Downtown Largo. The goal of this program is to offer support to new and emerging events and promotions that benefit the entire West Bay Drive Community Redevelopment District. Learn more.

 

Redevelopment District Incentives

The West Bay Drive Community Redevelopment District offers three incentives designed to accelerate private development, job creation, and urban infill housing in the WBD-CRD, and one incentive to assist private property owners with removing pole signs. Learn more.

 

Tax Increment Financing

Tax increment financing (TIF) is a unique tool available to cities and counties for redevelopment activities. The dollar value of all real property in the Community Redevelopment Area is determined as of a fixed date, also known as the "frozen value." Taxing authorities, which contribute to the tax increment, continue to receive property tax revenues based on the frozen value. These frozen value revenues are available for general government purposes. However, any tax revenues from increases in real property value, referred to as "increment," are deposited into the Community Redevelopment Agency Trust Fund and dedicated to the redevelopment area.

The West Bay Drive Community Redevelopment District is fortunate to have a "TIF" to provide an opportunity for redevelopment in the District.