East Fort Myers Area
Alongside the Caloosahatchee River, inside a network of restful green parks, lies a blend of colorful, culturally-diverse local merchants and compact, sustainable residential neighborhoods that defines the charming East Fort Myers redevelopment district. Clusters of high-quality business and intense residential units, interspersed along an accessible and alluring Palm Beach Boulevard, welcome shoppers and pedestrians from the local community. From the waterways of Billy’s Creek and the Caloosahatchee River, to her parks, plazas, and urban wilderness, East Fort Myers coming into her own identity as a livable, workable, playable 21st Century hamlet.
This is the vision put in place by the East Fort Myers Revitalization & Redevelopment Plan, adopted on May 3, 2010. Unfortunately, the East Fort Myers redevelopment area was established at the peak of the real estate boom. This meant that property values were at their peak when determining the Base Year used to calculate Tax Increment Financing (TIF), the unique tool used to fund redevelopment activities—and so the East Fort Myers redevelopment area did not generate much revenue due to the Great Recession.
Some funds were available in the early years of the redevelopment area, however, and these were invested in the community for the following projects:
- Landscape Façade Matching Grant to Little Caesar’s on Palm Beach Boulevard
- Promotional Banner Program
- Palm Beach Boulevard Median Improvements
Currently, the Community Redevelopment Area is actively promoting the area on Social Media as a way to support East Fort Myers with little funds available. As the economy improves, funding for area projects will grow.
The East Fort Myers redevelopment area is positioned along the northern City Limits, to the east of the Downtown redevelopment area. It is located south of the Caloosahatchee River and north of Billy’s Creek, which meanders north of Olivet Way on its southernmost dip.