Frequently Asked Questions
Increased property value, increased tax base, jobs, medical facilities, green space, workforce housing
Zero cost to the residents or the City of Deerfield Beach
- $6.5 Million for the purchase of the property
- $7.5 million from MBA Development Partners of Florida, LLC above and beyond the purchase price to provide improvements to existing parks
- Economic impact: $261 Million during construction and $10 Million recurring yearly in additional taxes
- $433,749.00 per year in income from the land lease and master leases
- 1,224 temporary jobs during construction and 77 permanent jobs
- A community shuttle service that would assist with regular route shuttle service to Tri-Rail, Brightline, beach area, airport, and major employment centers
- 120,000 Square feet of medical, office and research space
- 10,000 Square feet of retail space
- 150 Workforce housing rental units
- 120 Key limited service hotel
- Electric vehicle charging stations
- 20,000 Square feet event center
Workforce Housing is defined as "Housing that is affordable for families whose incomes are within 60 to 140 percent of the County's median income as reported by the US Department of Housing and Urban Development and adjusted to family size ($42,600 to $99,400, respectively for a family of 4)"
It is anticipated that there will be between 120 - 150 rental units.
During the construction period temporary detours and/or dust and work being done in the roadways and sidewalks can be expected. Vibration could be caused by heavy equipment. Maintenance of traffic devices (the familiar orange cones) will be placed to inform motorists and pedestrians of areas where construction is taking place and advise on alternate routes.
It is anticipated the project will take 5 years to complete with construction starting in 2025.
You can call the project hotline at 561-597-1926, email Info@themerchantstrategy.com, or submit a question under “Contact Us” below