Select Page

Community Dashboard > A Thriving, Resilient Business Community > Support Cornerstone Development Project (2019-2022) (Ongoing) >

IP Support Cornerstone Development Project (2019-2022) (Ongoing)

Economic Development

Time Status:

Budget Status:

Percent Complete: 75%

Start Date: 10/01/2018

End Date: 09/30/2025

In 2018, a private developer acquired the Financial Plaza building and parking lot on the southwest corner of University Drive and Sample Road and construction is underway for large mixed-use project called Cornerstone. The project is a component of the city’s vision for walkable downtown and will serve as a catalyst for additional redevelopment in the Community Redevelopment Agency (CRA).

 TIF calculation for the South Block is estimated to be $715,463.24 which is lower than previously calculated due to the reduction in value on the South Block. The CRA will send a letter to the developer with the calculations requesting an invoice so that the payment can be processed.

 

Operating Budget: Existing Funds
Capital Budget: $0

Next Initiative

Legend:  
Initiatives: On Target Closed Out/Completed | IP On Target/In Progress | Below Plan Behind Schedule/Late | DN Discussion NeededR/W Retreat/Workshop Item | D Delay/Hold | N No Milestone | Not Defined Not Defined
Legend:  
Initiatives: On Target Closed Out/Completed | IP On Target/In Progress | Below Plan Behind Schedule/Late | DN Discussion Needed | R/W Retreat/Workshop Item | D Delay/Hold | N No Milestone | Not Defined Not Defined

City of Coral Springs | 9500 West Sample Road, Coral Springs, FL 33065 | 954-344-1000