Clearwater CRA Approves Budget for Downtown Redevelopment

The Clearwater Community Redevelopment Agency (CRA) approved a budget amendment for the Downtown Community Redevelopment Area (DTCRA) for the 2025-2026 fiscal year. The agency also adopted Resolution 26-07 during a recent meeting.

The amendment adjusts the DTCRA's fourth-quarter budget for the upcoming fiscal year. This routine financial measure aligns the agency's plans with operational needs and project timelines, supporting revitalization efforts along Cleveland Street.

Councilmember David Allbritton moved to approve the budget amendment and adopt the resolution. The motion passed following a roll call vote. Documents detailing the amendment include "DT FY 25.26 4th Qrt Amend Resolution.docx," "DT CRA 25-26 4th Quarter Amended Budget-CAPITAL.pdf," and "DT CRA 25-26 4th Quarter Amended Budget.pdf." These documents outline fund allocation for downtown redevelopment initiatives, impacting areas from the Marina to Coachman Park.

Mayor Bruce Rector chairs the Community Redevelopment Agency. The agency focuses on revitalizing the downtown area through development projects and financial strategies. Adoption of Resolution 26-07 formalizes these budgetary changes.