Palm Coast Council Approves Tax Rebates of Close to 90% To Jumpstart Stalled Town Center Commercial Development

Palm Coast Council Approves Tax Rebates of Close to 90% To Jumpstart Stalled Town Center Commercial Development

The Palm Coast City Council approved a construction and tax-incentive program to spark commercial construction in Town Center, offering property tax rebates of up to 90 percent or more for significant investments. Town Center has fallen far short of investment and revenue expectations as the special tax district expires in 2034. Leaders excluded residential projects from the deal, prioritizing vertical density and commercial growth over single-f…