Develop MLK | Whats happening in your corridor?
With the support of the Horizon Council and the Lee County Economic Development Office, Develop MLK is working to stimulate commercial activity and revitalize the area. Recent activity in the MLK corridor includes:
- Towles Garden, a 7.5-acre residential town home community, planned by luxury condo developer, the MacFarlane Group, is awaiting approval. The plan includes townhomes, villas, duplexes, a small park and an arts pavilion at the corner of Veronica S. Shoemaker Boulevard and Edison Avenue. MacFarlane stated that 51 percent of the homes will be affordable for residents earning the median income in the area.
- The City of Fort Myers is seeking bids for a development partner for historic McCollum Hall, located on Dr. Martin Luther King Jr. Boulevard as an ongoing effort to foster community redevelopment.
- Buc-ee’s, a large-scale Texas based travel store and gas station is coming soon. It will be located on the south side of Dr. Martin Luther King Jr. Boulevard.
Governor Rick Scott announced recommendations to designate 28 census tracts in Southwest Florida as Low Tax Opportunity Zones. Counties across Florida benefit from having another tool in their economic development toolbox. Twelve areas have been designated in Lee County as opportunity zones. Included in these areas are census tracts 5.03, 5.02, and 6 in the Dunbar area. Click here to view these census tracts. A few benefits of this program include:
- Encouragement of long-term investment and job creation in targeted communities by reducing taxes for many job creators.
- Allows investors to strategically invest in targeted communities.
- Brings more jobs and capital investment into every county across Florida.
Click here to view a full listing of census tracts in Lee County designated as Low Tax Opportunity Zones.
Click here for Low Tax Opportunity Zone FAQ.
To learn more about redevelopment initiatives in the MLK corridor, follow Develop MLK on Facebook, Twitter, and LinkedIn @DevelopMLK
To get involved with the Develop MLK initiative, please contact Rachel Busch, Lee County Economic Development Office Strategic Projects Manager, at 239-533-6816, or [email protected]