VIII. FACTS ABOUT PALATKA

Community Redevelopment Agency Budget Workshop #1 · 2026-05-13 · agenda_item

The City of Palatka and its Community Redevelopment Agency (CRA) are focused on revitalizing the downtown area to foster economic growth. This effort involves three designated Tax Increment Finance (TIF) Districts: the Central Business District, the South Historic District, and the North Historic District. The Central Business District accounts for 70% of the revenue, with the South District at 22% and the North District at 8%. This initiative is currently in the planning and review stages, indicating an early opportunity for engagement. The project aims to create a more economically sustainable and vibrant core area. Future work could involve site preparation, infrastructure improvements, and construction within these districts. Local contractors, suppliers, and service providers are encouraged to connect with the CRA to understand potential future needs as plans develop.

Central Business District revenue percentage

70 %

South District revenue percentage

22 %

North District revenue percentage

8 %