Sarasota County nixes 30-year CRA renewal
SARASOTA COUNTY — County commissioners did not renew an agreement with the city of Sarasota to help fund their downtown CRA — or Community Redevelopment Area — saving $352 million over the next 30 years, officials say.
The current agreement was set to expire in 2016, bringing the initial 30-year agreement to a close. County coffers will have pumped $65.6 million into the CRA during that stretch, according to records.