19 Aug CRA Board Approves Incentive for Community Pharmacy at the YMCA
On August 16, 2022, the Fort Lauderdale City Commission, acting as the Community Redevelopment Agency (CRA) Board of Commissioners approved a Property and Business Improvement Loan in the amount of $293,000 to Optimal Health Pharmacy, LLC for the build-out of a community pharmacy at the newly opened L.A. Lee YMCA/Mizell Community Center. The Pharmacy will provide customers with convenient access to prescription medications while offering education, resources and counseling services.
The pharmacy’s central location in the newly constructed L.A. Lee YMCA/Mizell Community Center makes it easily accessible to all area residents. The top-tier retail pharmacy, will offer quality, reasonably priced, pharmacy products and supplemental health services that promote medication adherence. The pharmacy will also fill prescriptions under the 340B program which would greatly benefit consumers managing chronic conditions.
The CRA’s Property and Business Improvement Program (PBIP) is an incentive used to attract and grow businesses in the Northwest-Progresso- Flagler Village CRA area (NPF CRA). Eligible businesses can apply for a forgivable loan to assist with capital improvements to the interior and exterior of properties. For more information on CRA Incentives, visit www.fortlauderdalecra.com.
Consistency with the NPF CRA Community Redevelopment Plan
The NPF CRA Community Redevelopment Plan is designed in part, to stimulate private development of areas planned for commercial development. The project is consistent with the NPF CRA Community Redevelopment Plan which provides for direct physical improvements to enhance the overall environment, improve the quality of life and attract sound business and commercial development that provide employment and job
opportunities.
Per the CRA plan, the CRA will establish incentive programs to address redevelopment obstacles and identifies strategic objectives, goals and measurements that include targeting and attracting businesses, retail uses and industries to establish a presence in the redevelopment area. In addition, it calls for investing in development projects that create job opportunities for area residents, promote public private partnerships and
investment in the redevelopment area.