REDEVELOPMENT AGENCY
For information regarding the City's Redevelopment Agency, please read the Redevelopment Agency's June 2004 Newsletter. The City has since then adopted a final Redevelopment Agency and map area.
To see a map of the Solana Beach Redevelopment Project, click the map to the right. The Redevelopment Project will help encourage the types of development that are acceptable to the community, the rehabilitation of older development, and the enhancement of public infrastructure in two areas: the Highway 101 commercial corridor, generally north of Dahlia Drive; and the Eden Gardens residential neighborhood.
The area covers approximately 226 acres. The Redevelopment Agency will use "tax increment" financing to pay for future programs. That means the City is allowed to redirect a percentage of the property tax you pay into a fund that must be re-invested back into the area from which it came. Typically, up to 75 cents of every "redevelopment" tax dollar is returned to the City (Agency), as opposed to about 16 cents to a City (Agency) without redevelopment.
