POLL: Should Public Money Go Toward New Titusville Mall?

By  //  October 11, 2013

Share on Facebook Share on Twitter Share on LinkedIn Share on Delicious Digg This Stumble This

YOUR OPINION

MCTC Rendering-585

Image courtesy of North Brevard Economic Development Zone

ABOVE IMAGE: The City of Titusville and Brevard County Commission will vote on the development agreement. Private developers of the project are awaiting the county commission’s vote on spending $6.5 million to demolish the exiting mall and make public infrastructure improvements.

BREVARD COUNTY • TITUSVILLE, FLORIDA —   A Tampa-based private developer named AG Development wants to build a $50 million outdoor shopping center in Titusville similar to the Avenues at Viera.

AG Development is awaiting a vote by the Brevard County Commission which would appropriate $6.5 million to demolish the existing mall and make public infrastructure improvements. The vote is expected to occur before Thanksgiving. If the commission approves the $6.5 million, the new mall could open in time for the Christmas shopping season in 2014.

Troy Post, Executive Director of North Brevard Economic Development Zone, said that taxpayer dollars will only be spent after the developer accomplishes predetermined goals, with an understanding of a reimbursement schedule and understanding of how these monies will come back to the developer after they’ve been able to show that progress is being made toward completing the mall in accordance with the construction schedule.

Troy Post

Troy Post

Troy Post, Executive Director of North Brevard Economic Development Zone, said that taxpayer dollars will only be spent after the developer accomplishes predetermined goals, with an understanding of a reimbursement schedule and understanding of how these monies will come back to the developer after they’ve been able to show that progress is being made toward completing the mall in accordance with the construction schedule.

The City of Titusville and Brevard County Commission will have to vote on the development agreement-sometime before Thanksgiving. If  the county commission approves AG Development must decide by Mid-December if it wants to purchase the property.

 

 

titusville-mall-layout

Do you think public dollars should be spent on a new mall for Titusville? Comment below.


Click here to contribute your news or announcements Free