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The Eastport Business Center Community Redevelopment District is comprised of one hundred forty one (141) tax parcels constituting approximately two hundred seventy (270) acres of land. Eastport is situated within the eastern portion of Port Orange, west of and adjacent to the Florida East Coast Railroad.
This area historically served as the industrial core of the City. The creation of the Eastport Business Center Community Redevelopment District in 1995 was the first of many steps to be undertaken by the City to diversify its tax base, bolster Eastport’s image and desirability as a major employment center, and increase opportunities for higher wage manufacturing and industrial jobs within the City.
Eastport is also a Tax Increment Financing District, which is a dependent special district of the City of Port Orange. The Eastport Tax Increment Financing District targets ad valorem tax revenues to this area to fund infrastructure improvements and other programs designed to ensure that Eastport remains a viable economic center for decades to come. The County of Volusia and Halifax Hospital participate in the TIF and are valued partners in the City’s redevelopment efforts.
|Eastport Business Center CRA Goals|
- Stimulate new development, redevelopment, and investment within the redevelopment area;
- Establish the area as a primary employment center offering full-time skilled labor positions;
- Promote business retention with assistance in expansion, renovation, and improvement efforts; and
- Improve the physical condition of the redevelopment area to meet modern business park development criteria, with respect to roads, utilities, drainage, signage, and landscaping.
|Eastport Business Center CRA General Information|
|Documents related to Eastport Business Center CRA|
Eastport Business Center CRA Boundary
Eastport Business Center Redevelopment Plan
Under Florida law (Chapter 163, Part III), local governments can create Community Redevelopment Areas (CRAs) when certain conditions exist. To document that the required conditions exist, the local government must study the proposed redevelopment area and prepare a Finding of Necessity, a formal study that documents the specific blight conditions. Examples of conditions that can support the creation of a CRA include, but are not limited to, substandard or deteriorating structures, inadequate infrastructure, lack of parking areas and poor lot layout. If the Finding of Necessity determines that the required conditions exist, the local government may create a CRA to provide the tools needed to foster and support redevelopment. Since Volusia County is a charter county, the city must also have the county's approval prior to establishing the CRA. Once a CRA is established, improvements are funded by taking any new property tax revenues from the city and the county (above the base level of what was being collected at the time the CRA was created) and reinvesting them back directly into the CRA. This tax increment can then be used together with grant monies and private investment to redevelop and revitalize the area. CRAs are approved for a set time period and thereafter, all property tax dollars revert back to the respective taxing authorities.
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