Demographics Palm Beach County 2010 Population 60,500 White 66% Black 28 % Hispanic 10% Per Capita Income - $36,600 Median HH Income - $49,750 Median Value of Owner Occ. Housing - $260K Home Ownership Rate 67% Delray Beach is one of 38 municipalities in Palm Beach County, occupying approximately 16 square miles
Hotel, retail shops, movie theater Atlantic Avenue developed as main street Winter home for artists and writers
Downtown fell victim to suburbanization Many vacant lots, blighted buildings --35-40% vacant storefronts Deteriorated infrastructure Delray was known as Dullray Inappropriate uses and depressed property values No nightlife or downtown housing Delray Beach was not competitive with neighboring cities
In 1988, Delray Beach conducted American Assembly process called Visions 2000, which developed a shared set of goals for Delray. 100 + citizens representing the City s diverse population participated Community Character: Village by the Sea Downtown revitalization Cultural and educational resources
Public Infrastructure Improvements Funded by TIFs and Decade of Excellence bond issue Leveraging Private Investment grants, subsidies, loans, land assembly Downtown Sustainability (key goal) Neighborhoods & Affordable Housing 2002 City Adopted Downtown Master Plan CRA Enlisted to Assist in Implementation (2,000 acre district, 1/5 City land area)
First major downtown project was the beautification of main street Atlantic Avenue in downtown. Catalyst for project was FDOT plan to widen avenue for hurricane evacuation Proposed elimination of on-street parking Merchants objected strenuously City created bypass system Took over maintenance responsibility of 5-block section from FDOT, kept parking and was allowed more flexibility in design
Street Beautification Atlantic Ave Completed in phases (Core, Beach, West Atlantic) for entire length of approximately 1.5 miles Use of ISETEA/TEA-21 Funds, City and CRA funds
Street Beautification W. Atlantic Ave
One way pair, 3 lanes each direction (plus turn lanes at intersections) Problems with accidents and speeding, pedestrians had to cross wide intersections Plan: Remove one travel lane add bike lanes, landscaping, wider sidewalks
Permanent improvements now under construction
Tennis Stadium constructed in downtown area; most parking located off site. Major draw for central business district.
$2.3M+ spent on downtown parking lots 250+ spaces added or improved with lighting & landscaping OSS Garage 500+ spaces downtown CRA acquired property $6.5M contributed to construction costs
CRA assembled 4+ acres in West Atlantic Area Development Team 2 non-profits & a private firm For Sale - townhomes, condos, office space & retail Mixed income project 10 units set aside as affordable housing for first time buyers
CRA assembled land on West Atlantic Ave, issued RFP Selected Prime Developers (Hollywood, FL company) 95-room Fairfield Inn on 1.2 acres CRA incentives: --Land lease --Financial assistance with infrastructure costs --$1.5 million loan Hotel opened January 2015
LDRs: Promote Downtown Housing No density limit in CBD zoning district - increased densities allowed in exchange for meeting performance standards
Combination of commercial and residential uses allowed throughout downtown Flexible parking regulations: allow shared parking calculations, inlieu fee, on-street valet parking queues
LDRs: Encourage Sidewalk Cafes Restaurants, especially those with an outdoor dining component, bring pedestrian activity and night life.
Commercial rents on Atlantic Avenue increased from average of $6-8/sq. ft. to a range of $50-$100+/sq. ft. Outcomes Vacancy rate decreased from 35% to approximately 5% Approximately 130 restaurants and 20 art galleries established downtown More than 2,000 residential units and 400 hotel rooms approved and/or constructed Active nightlife and cultural scene
Outcomes 1985 Tax Roll Value for CRA District: approx. $250 million 2014 Tax Roll Value for CRA District: approx. $1.4 billion
Millions Outcomes 16,000,000 Delray Beach CRA TIF Revenue 1987-2013 History County TIF City TIF 14,000,000 12,000,000 10,000,000 8,000,000 6,000,000 4,000,000 2,000,000-1987 1990 1991 1993 1996 1997 1999 2001 2003 2005 2007 2009 2011 2013 Year 1987 TIF Revenues: Less than $100,000 2013 TIF Revenues: $10.7 million