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The board unanimously supported the city’s Opportunity Zone rankings, which were submitted to the Lee County Development Finance Task Force for review before a planned April 1 formal application to the State.
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Opportunity Zones are areas where tax benefits may encourage long-term private investment in underserved communities. The board also received an update that the city is pursuing a feasibility study for the 25-acre City of Palms Park site and seeking demolition proposals for the baseball stadium. Members approved future coordination on design standards, redevelopment, business recruitment, and transportation priorities.
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