Redevelopment Management Associates (www.rma.us.com) will be presenting its proposed Strategic Development Plan for Bimini Basin at a joint workshop before the City of Cape Coral and the South Cape Redevelopment Agency on Tuesday, October 17, 2017. RMA was hired by the city to create an implementation plan to spur redevelopment of the waterfront area and create a destination for Cape Coral,which would include a vibrant mix of restaurants, shops, and entertainment.
“The proposed plan is based on a thorough assessment of local market conditions as well as extensive public input from residents, businesses, property owners and other stakeholders in the area,” said Kevin Crowder, CEcD, RMA’s economic development director.
The plan also includes an in-depth feasibility analysis which evaluates development options for the area and recommends a realistic and comprehensive strategy for attracting and nurturing new private development in a responsible and feasible manner. It is based on current and future market area demand, neighborhood compatibility, financing capacity, and infrastructure viability and seeks to:
- Preserve access to the waterfront, public spaces, quality of life and community character;
- Enhance water quality, aesthetics, walkability, the waterfront, and mixed-use development;
- Expose area to younger residents, downtown vibrancy, events, and incentives;
- Invest in connectivity, parking, infrastructure and identity; and
- Capitalize on development opportunity, market opportunity, and waterfront access.
The scope also includes an assessment of the area’s development potential and an overview of the constraints and opportunities influencing the five drivers of economic development, land, labor, capital, markets and regulation, as well as the City’s ability to influence each driver.
“Tuesday's workshop will give us the final guidance and input that we need to deliver the City of Cape Coral an actionable, implementable and accountable plan to revitalize the Bimini Basin area and make it a great addition to the Cape Coral community,” concluded Crowder.
Founded in 2009 by Kim Briesemeister and Chris Brown, Redevelopment Management Associates (RMA) is comprised of a phenomenal team of redevelopment experts passionate about building better communities. RMA is the most experienced full-service economic redevelopment consulting and management firm in the state of Florida specializing in revitalizing core areas and corridors for cities, counties and special districts nationwide.