Bunnell established its 800-acre downtown redevelopment zone in 2007, assuming that most tax revenue generated there could then be reinvested in the area to reinvigorate it. Instead, property values fell $26 million in the zone, forcing the city to rethink the CRA’s viability.
community redevelopment agency
Ajram and City Manager Jim Landon have battled over Ajram’s property on Bulldog Drive for several years, in what became a personal showdown. Rather than acquire the property, the city is now diverting Bulldog Drive, at a cost significantly greater than the difference it was unwilling to pay Ajram in negotiations.