News Flash

Economic Development Highlights

Posted on: January 22, 2020

Impact Fee Moratorium

Downtown Aerial

City of Fort Pierce Announces Impact Fee Moratorium
for New Residential and Commercial Construction in Redevelopment Area
 

The City of Fort Pierce is pleased to announce an incentive that will reduce development costs for new residential or commercial construction in the redevelopment area. On March 7, 2022, the Fort Pierce City Commission approved an ordinance suspending the collection of City impact fees in an effort to stimulate and encourage new development within the boundaries of the Urban Infill and Redevelopment Area. Act now! Time is of the essence as this moratorium is temporary and set to expire in six months. To view the boundaries of the Redevelopment Area, visit: FPRA-District-Map (cityoffortpierce.com)

Urban infill and redevelopment projects are intended to improve existing neighborhoods and encourage investment within these areas. The intent of this moratorium is to assist businesses and residents in the redevelopment area by reducing startup costs and to contribute to the sense of vitality that occurs when buildings are occupied by commercial businesses and new homes are constructed. Since infill locations are within the urban core of our community, typically they already have much of the needed infrastructure. Unless extraordinary capital improvements are required, infrastructure costs can be substantially lower for infill development relative to a similar project in an undeveloped area.

The moratorium applies to all new residential and commercial construction within the boundaries of the City’s Designated Urban Infill and Redevelopment Area for which a building permit is issued between March 7, 2022, and September 7, 2022.

For more information, please contact the City Manager’s Office at ecodev@cityoffortpierce.com.

Facebook Twitter Email

Other News in Economic Development Highlights

New Residential Construction

Infill Lien Reduction Program

Posted on: January 22, 2020
The Sunrise Center

Ground Level Space for Lease

Posted on: January 22, 2020