Fort Lauderdale recently announced expansive plans to transform their city through a beach makeover which focuses on increasing foot traffic. Funds for the master plans will be pulled from the Community Redevelopment Agency tax revenues, but city officials worry that the current $70-million-plus estimate will exceed the available war chest. For now however, those spearheading the massive project are focusing on contracting a design firm, reportedly vetting contenders including EDSA and Kimley-Horn & Assoc.
Advocates for the project also promote a key goal of the expansive plans – to boost the economy. Mayor Jack Seiler weighed in on the topic recently, noting that beach go-ers are a great addition to the city, but “we’ve got to get them talking around too.” The freshly landscaped sidewalks leading from garages would ultimately direct people to areas of commerce, feeding dollars back into small businesses and boutiques.
By providing an easy funnel into high-end locations, experts predict that Ft. Lauderdale’s improved lifestyle offerings will ultimately drive investment in the area from real estate developers and major national franchises. The potential for these changes to add more value continues to intrigue both city officials and locals who already experience the unique benefits of life in the community. Read about ONE Sotheby’s International Realty listings in Ft. Lauderdale on our blog.