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REDEVELOPMENT AGENCY (RDA)City Center ProjectsSouth Pointe ProjectsRelated LinksWhat is Tax Increment Financing?RDA Staff2004 Financial Statements (Acrobat*)2003 Financial Statements (Acrobat*)City Center Redevelopment Plan (Acrobat*)City Center Park Proposal - 10/26/04 (Acrobat*)The Miami Beach Redevelopment Agency (RDA) was created in 1973 under the authority of Florida’s Community Redevelopment Act of 1969, which sought to encourage economic development in blighted areas. The Community Redevelopment Act of 1969 allows for the designation of special districts known as Community Revitalization Areas (CRAs) and confers upon the CRA’s governing board special regulatory abilities. These abilities include issuing revenue bonds, utilizing tax increment financing (TIF), and exercising limited powers of eminent domain within the geographic boundaries of the CRA.
From 1973 through 1983, the Miami Beach RDA operated as an independent authority with a Board of Commissioners. In 1976, the South Shore Community Revitalization Area was designated. This district encompasses the area South of Sixth Street, which is now known as South Pointe.
In 1983, the RDA was reorganized and incorporated into the City of Miami Beach administrative structure. The City Commission serves as the Redevelopment Agency Board and the City Manager serves as its Executive Director.
In 1993, the City designated a second CRA. Commonly known as City Center, the Historic Convention Village Redevelopment and Revitalization Area encompasses the area bounded by 24th Street on the North, West Avenue on the West, 14th Lane on the South, and the Atlantic Ocean on the East. This area contains the Convention Center, Lincoln Road, the Loews Miami Beach Hotel, the Royal Palm Crowne Plaza Resort Hotel and the Collins Park Cultural Center.
Since the inception of the South Pointe CRA, the total taxable value of property in the district has risen from $60 million in 1976 to $836 million in 2001. In City Center, the total taxable value of property has risen from $293 million in 1992 to $1.2 billion in 2001.
MIAMI BEACH REDEVELOPMENT AGENCY
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