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IP Support the attraction of a rooftop bar in the downtown

Economic Development

Time Status:

Budget Status:

Percent Complete: 50%

Start Date: 10/01/2021

End Date: 09/30/2025

In an effort to take advantage of the sunsets in the city, staff will work with local developers to attract a rooftop bar to the downtown.

The developer has indicated that there is interest in selling the hotel property and the CRA Board gave direction to the chair to conduct due diligence. The developer sent a letter on 2/28 indicating his intention to look into selling as required per his agreement. The Limit C portion of the developer agreement will be terminated  due to the lack of progress on the project.

Operating Budget: Existing Funds
Capital Budget: $0
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