Frequently Asked Questions



Expand/Contract Questions and Answers

  • What are the advantages and disadvantages of having a redevelopment agency?
  • What is eminent domain?
  • What types of improvements are planned for the Bayfront Redevelopment District?
  • What are examples of the types of strategies and activities that may be funded through TIF funds?
  • Does this mean an increase in my property taxes?
  • How much will Palm Bay receive in Tax Increment Financing (TIF) Funds?
  • What is Tax Increment Financing?
  • How are strategies or activities financed?
  • How is an area designated as a Redevelopment District?
  • What is the definition of "Slum and Blight"?
  • What is Community Redevelopment?