What is a Feasibility Study?

The Feasibility Study is intended to document conditions existing within the proposed Community Redevelopment Area (CRA) that indicate the presence of blight. A summary of blight conditions within the Lynn Haven CRA area has been published in the CRA Feasibility Study for the City of Lynn Haven; April 2003:

  • Deterioration of site or other improvements
  • Faulty lot layout in relation to size, adequacy, accessibility, or usefulness
  • Inadequate and outdated building density patterns
  • Physical Conditions
  • Predominance of defective or inadequate street layout, parking facilities, and roadways
  • Social/Economic Conditions

Assessed values of real property for ad valorem tax purposes are low compared to Lynn Haven as a whole and compared to other surrounding municipalities and Bay County. As a first step of the process, the City has to prepare a CRA Feasibility Study to evaluate the potential for including a portion of the City in a Community Redevelopment Area pursuant to Section 163, Florida Statutes.

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1. What is a Feasibility Study?
2. What is a Community Redevelopment Area (CRA)?
3. What is a Community Redevelopment Plan?
4. How is a CRA funded?
5. Who decides how CRA funds are spent?
6. How does Tax Increment Financing (TIF) work?
7. How does a CRA affect my property taxes?