| West Palm Beach Downtown Development Authority (DDA) |
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400 Clematis Street, Suite 202 The Downtown Development Authority was created in 1967 to analyze and impact Downtown's economic conditions; formulate long-range plans for improving the appeal and accessibility of Downtown facilities and promote their use; provide remedy to any deterioration of Downtown property values; to retain and attract businesses. The DDA is actively involved in planning, marketing, serving and developing our City's center. Principle services include Downtown retail recruitment and retention, community advocacy, planning, consensus building, marketing, trolley operations, promotions and events. The DDA is funded primarily through an ad valorem tax levied annually, on all property within the Downtown Development District as well as trolley advertising, sponsorships and grants. The current tax rate is two mills on each dollar of tax base. Florida statute requires that the DDA appropriate tax increment funds for the 1st and 2nd mill to the redevelopment trust fund. By interlocal agreement between the City and the DDA , the authority is exempt for the tax increment portion of the 2nd mill of ad valorem tax in order to fund the Downtown trolley and for additional marketing of the area. At times, the DDA receives additional funding for special capital improvement projects and operations from the CRA thus enabling the DDA to expand its range of services and incentives for Downtown revitalization.
Phone: 561.833.8873 |
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