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Updated: 08/24/2014 08:00:01AM

Sarasota County nixes 30-year CRA renewal

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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.

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