The City of Titusville, Florida / Community Development / Community Redevelopment Agency / CRA Annual Report 12-13CRA Annual Report 12-13
The City of Titusville's Downtown Community Redevelopment Area (CRA) was created in 1982, and the Community Redevelopment Plan was adopted in 1984. The Downtown CRA encompasses approximately 300 acres from Garden Street to the north, Grace Street to the south, from the Indian River Lagoon to the east and the FEC Railroad to the west.Historically, the Downtown CRA has had a steady, but low, Tax Increment Revenue each year since the inception of the CRA. However, in 2005, the CRA Trust Fund increased significantly due to the completion of one of three buildings within a large multi-family project. The following Annual Report is an update of the budget and recent projects for Fiscal Year 2012 - 2013.