Village would present many opportunities
The forum Jan. 11 addressed several important issues related to the Village at Crystal River: projected sales tax revenue to the town, the public-improvement fee, the town’s financial condition, the timing of the residential development, etc. I hope all of the listeners, whether they were in person or listening or watching from the radio or TV, had more facts about the Village at Crystal River at the end of the forum than they did prior to it.
One of the subjects that I hoped would have been addressed was the flex zone. This approximately 3-acre parcel offers a wide range of opportunities I think are very realistic and would each be great assets to the town. These uses include any medical related uses, both clinical and otherwise, as well as senior citizen related support services. The parcel cannot be developed as residential, but the parcel across the street, Lot 7, is zoned for residential. A portion of this lot could be developed into senior housing, either affordable or market rate, which would complement any senior related support service in the flex zone. The parcel could also be developed for lodging. In addition, one of its approved uses includes any retail use.
Due to its location at the western edge of the property, it would take a special retail use to locate on a parcel not fronting or maybe even visible from Highway 133, but it is of a size that a 25,000 to 30,000 square foot user could locate there. This retail use could generate another +/- $75,000 to $90,000 in sales tax revenue to the town. However, just to be conservative, I did not assume any new sales tax revenue would be generated from this parcel. Special uses for the flex zone include a school and a light manufacturing facility with a retail component at the front of the building.
As you can see, the fact that Village at Crystal River includes a flex zone is a huge advantage to the development. Although it is flexible, the PUD language spells out specifically what general uses can go on the parcel. For instance, a junkyard or an auto yard, which I think might have been suggested from canvassing phone calls from the opponents to the project, are not approved uses. My goal will be to attract uses that will compliment the uses that may already be in the development and would also be assets to the town.
I hope this letter provides the facts about the flex zone and shows what a huge opportunity this parcel has for the entire development and the town.
Crystal River Market Place LLC
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