March 2017 | Business View Magazine

116 117 employers. You can leverage up to two extra mills, on top of what you’re paying, and those two extra mills will stay in the district and pay for things like road reconstruction. As far as the property adjacent to the new boulevard we’re putting in– those are all privately-owned and the investors are ready to go with multi-use buildings along there. So, for the city, the big- gest expense is redesigning that one mile. On the other side, the Bayfront Redevelopment District already exists – it’s a Tax Incremental Finance (TIF) entity. They’ve been collecting, for the last ten, fifteen years, the incremental in- crease in property taxes and putting them into that Bayfront Community Redevelopment Agen- cy for land acquisition and improvements and things such as the boardwalk. So, we have the funding mechanisms set up for those.” Buchanan estimates that with all the new construction and job offerings, the city’s cur- rent population of about 111,000 will grow to 225,000 over the next twenty years. The Growth Management projections show that the city is ready for the influx of new residents. “Palm Bay has an in-house, full utilities department Palm Bay, Florida Preferred vendors n Wade Trim www.wadetrim.com Multi-disciplinary engineering and planning consultants, Wade Trim works with a wide range of public agency and private sector clients. Its disciplines include: civil engineering, planning, surveying, operations, landscape architecture, and environmental science services. Wade Trim is con- sistently ranked in the top 500 design firms and the top 200 environmental firms, and continues to be nationally recognized for innovative solutions. n Peninsula Title Services www.peninsulatitleservices.com that provides sanitary sewer and potable water,” he states. “We have several million gallons a day of re- serve.We have 11 million gallons a day permitted to us, and we currently use seven. So we’ve got plenty of room for expansion.”“And when developers come online, they have to pay impact fees for expansion of the system, so the users of the system, now, don’t have to have their rates increase. The developers pay for the lines that go into their developments,”Ander- son explains. Once again, Palm Bay has lifted itself up, dusted itself off, and re-invented its future. “We’ve learned to diversify,” says Anderson. “We’re not just looking at space programs.We’re not counting on residential development alone.We’ve learned from our mis- takes of the past and we’re not putting our eggs in one basket anymore.We’ve had an incredible recov- ery and we’re open for business.We’re rolling, now.”