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(Click Above to Sign Petition)
It is widely known for a downtown to survive and prosper,
infrastructure must be improved to entice customers to patronize local
businesses. One of the improvements, which is always on the top of minds
of Fort Walton Beach Downtown business owners, is the need for a Parking Garage
to accommodate their present and future needs of their customers. Not
only will this accommodate the business owners, it will attract many new customers
to the historic downtown area to enjoy a great shopping experience, which many
have not had. It is also understood to attract investors, developers,
restaurant, and retail owners, the City must invest in infrastructure
improvements, such as a Parking Garage, to further entice investment in the
City of Fort Walton Beach. Why is this important now? In today's
financial world, the opportunity to find a lending source willing to invest in
a community is few and far between. With a Lender willing to loan over $25M
to the Developers of the Landmark Center today, a Tax Increment Financing (TIF)
source will be created over a 12-14 year period to pay for the construction of
the Parking Garage only, which will be accessible to the public at no
charge. If the Landmark Center Project with Parking Garage is not
constructed the TIF is not created. Not only has the developer
found a Lender to loan the money for the project, the developer will also
assume the Design, Construction, Management, and Maintenance of the Parking
Garage for the life of the project and at NO COST TO THE CITY. When
you have a Lending Institution interested in investing in your area, you should
not only open the door, you need to invite them in and welcome them with open
arms. If not, they have the tendency to move on to another
location.
Petition Letter
Greetings,
I'm writing to plead with the City Council of Fort Walton Beach to support the investment of Tax Increment Funding created by the Landmark Center Project Development to assist in the construction of the adjacent Parking Garage which will be accessible to all of the public so they may enjoy the Downtown businesses. This public/private venture is a unique opportunity for residents, tourist, and guests to visit the businesses of the Historic Downtown District Fort Walton Beach to help stimulate growth in this area and relieve the tax burden on the City of Fort Walton Beach and their citizens. The investment in our downtown business district will have a number of other financial benefits, which comes with economic growth, such as reduce crime, increase investment, and sense of pride that will be seen by hundreds of thousands of passerby’s.
With the Developers designing, managing, and maintaining the Parking Garage for the life of the Development at no extra cost to the City, it is without a doubt one of the best investments the City of Fort Walton Beach can make to benefit our community.
We can’t afford to continue to pass up opportunities to improve our City. This opportunity does not exist if the Developers don’t invest $25M in our community and I hope the City Council and other responsible parties understand the need to make this investment and others which will bring this project to completion.
Sincerely,
I'm writing to plead with the City Council of Fort Walton Beach to support the investment of Tax Increment Funding created by the Landmark Center Project Development to assist in the construction of the adjacent Parking Garage which will be accessible to all of the public so they may enjoy the Downtown businesses. This public/private venture is a unique opportunity for residents, tourist, and guests to visit the businesses of the Historic Downtown District Fort Walton Beach to help stimulate growth in this area and relieve the tax burden on the City of Fort Walton Beach and their citizens. The investment in our downtown business district will have a number of other financial benefits, which comes with economic growth, such as reduce crime, increase investment, and sense of pride that will be seen by hundreds of thousands of passerby’s.
With the Developers designing, managing, and maintaining the Parking Garage for the life of the Development at no extra cost to the City, it is without a doubt one of the best investments the City of Fort Walton Beach can make to benefit our community.
We can’t afford to continue to pass up opportunities to improve our City. This opportunity does not exist if the Developers don’t invest $25M in our community and I hope the City Council and other responsible parties understand the need to make this investment and others which will bring this project to completion.
Sincerely,
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