3. Development Scenarios and Financial Feasibility

Community Redevelopment Agency Meeting · 2026-06-15 · agenda_item

The City of Pensacola Community Redevelopment Agency is reviewing development scenarios for a future project. The agency plans to explore different land uses, densities, affordability levels, commercial intensity, and public investment strategies. This review includes creating financial analyses for each scenario, identifying potential funding sources like LIHTC and CRA/TIF funding, and assessing financial risks and infrastructure costs. The agency will also recommend how the land might be sold or leased and what partnership structures, such as public-private partnerships or joint ventures, could be used. This item is currently under review, representing an early stage in the planning process. The work will involve detailed financial modeling, market analysis, and strategic planning, potentially leading to future construction and development phases. Local contractors, suppliers, and service providers are encouraged to engage early to understand the project's direction and potential needs as plans develop.