Central CRA Business
Redevelopment Incentives Application from Carzody, LLC for 1216 6th Street East
Approve
No
No
CARZODY LLC, submitted an application on August 20, 2026, for the Bradenton CRA Redevelopment Incentives for a property located at 1216 6th St E within the Central CRA district. As detailed in the application the project entails building a duplex on a vacant 0.337 acre lot. Each residential unit will offer three bedrooms and two bathrooms across approximately 1,100 square feet. The design includes upgraded materials for both the interior and exterior of the structure.
The estimated overall investment for this construction project is $600,000, and it is slated for completion by January 2027. Based on the $600,000 estimated redevelopment value, the cost-benefit analysis calculates an estimated total incentive of $48,000 for the developer. The Redevelopment Incentive is a reimbursement of ad valorem taxes and will be paid over an estimated 10 years.
Estimated to be $48,000 over 10 years.
Recommend the CRA Board approve the Redevelopment Application from Carzody, LLC.