OCALA, FL (352today.com) – The City of Ocala‘s Community Redevelopment Area Agency Board will consider a resolution to amend the respective community redevelopment plans for West Ocala, East Ocala, Magnolia and downtown during a meeting on Tuesday, Dec. 2, 2025.
The city believes there are a number of benefits of extending the CRA, pointing to the fact that past CRA redevelopment efforts have transformed properties and facilities into productive assets within the CRA and its subareas.
According to the City of Ocala, the proposed amendment to each respective plan aims to:
- Increase flexibility in public-private partnership initiatives.
- Address amenities and infrastructure within CRA subareas.
- Prioritize infill developments.
- Grow taxable value and overall property values.
- Use land acquisition as a tool for infill development.
- Address complex redevelopment issues in key areas.
- Create an environment to maximize revenue from property taxes and city services.
- Align CRA Plans with Vision 2050, looking beyond the Ocala 2035 Vision.
The CRA is prohibited from funding any city-listed Capital Improvement Program until after it’s been removed from the city’s list for more than three years…