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October 4, 2010: Coral Springs CRA Approved FY 2011 Budget

On Thursday, September 9th, the Coral Springs Community Redevelopment Agency (CRA) Board of Directors unanimously approved its budget and business plan for fiscal year 2011.  On Tuesday, September 21, 2010, the City Commission ratified the CRA’s FY 2011 budget.

FY 2010 was a difficult economic year, but the CRA was able to move forward initiatives that focused on predevelopment.  The design plans for the Sample Road and University Drive Infrastructure Master Plan were approved by Broward County.  Additionally, the design work required for Florida Power & Light power lines to be converted from above ground poles to underground burial commenced.  Once the economy solidly rebounds, Downtown Coral Springs will be ready.

During FY 2010, the City, CRA and Broward College also entered into an interlocal agreement to bring a 19,000 square foot satellite campus to Downtown.  The new campus will provide daytime classes and degree programs as well as expand the non-degree programs currently offered at the Charter School.  The CRA’s FY 2011 budget includes $400,000 that the CRA has agreed to contribute to aid with tenant improvements necessary for the new campus to be located in the Trinity Building in Village Square Shopping Center.

“Despite the harsh economic environment of fiscal year 2010, we were still able to take successful steps toward breathing new life into Downtown. The CRA focused its energy into cooperation with Broward College and the announcement of their new Downtown Coral Springs satellite campus,” CRA Chair John Ruffin stated.

As the CRA looks to the future, its business plan illustrates the transportation and mobility improvements that will be necessary to ensure a vital Downtown.  Continued and new initiatives focus on cooperation with Broward County Transit to install new bus shelters as well as working with the Broward Metropolitan Planning Organization on its Gateway Hub design to be located Downtown.

About the Coral Springs CRA: The CRA is a separate legal entity created under State laws to coordinate activities and implement the redevelopment plan for the Downtown Coral Springs projects. Downtown Coral Springs is a private/public partnership between the City of Coral Springs and Amera Urban developers to redevelop the approximately 135 acres in the general vicinity of the Sample Road and University Drive intersection.

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