Why is this Very Good for the Casselberry Community?
Many Benefits Include:
- Casselberry will become a beautiful new dining destination.
- It is the catalyst to attract new business.
- New Businesses will bring an even stronger business tax base. As the business tax base grows, the millage rate can be reduced so your taxes can be decreased.
- Many New Jobs will be created locally.
- It is the catalyst to attract new residents.
- Luxury Apartment Renters can become new home buyers in Casselberry and begin to renovate our old housing stock in our beautiful neighborhoods. Take a tour of apartments built by INTEGRA to see the high quality product we are getting. Email Robert McDaniel to schedule a time: This email address is being protected from spambots. You need JavaScript enabled to view it.
- It will enhance Casselberry's identity
- It will increase residential and commercial property values
- Data proves that a 200 Unit Luxury Apartment Building will yield 4.7 million in spending within a 3 mile radius, boosting our local economy.
- Casselberry will be a market leader with a beautiful unique project setting a standard within 5 miles.
City Revenues that will be enhanced:
$125,700
$18,000 $50,000 $20,000 $313,700 $3,137,000.00 |
Construction Values annual Advalorem Tax Water and Sewer Sales Annually Stormwater Utility Fees Annually Sales Tax Annually Public Service Taxes and Franchise Fees TOTAL ANNUALLY Over 10 Years |
There’s a one-time benefit fee to the city of $475,000 in impact fees.
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