In October 2015, a U.S. 1 CRA was created to address blighted areas including:
- New Smyrna Beach Municipal Airport
- Historic Westside neighborhood
- West Canal Street
- Former K-Mart plaza (1724 State Road 44)
- Portions of North Causeway
- 180 acres of Florida East Coast Railway Company property
Two indicators of blight are code enforcement activity and crime reporting. From 2009 to 2012, areas in the U.S. 1 CRA represented 32% of code enforcement activity and 58% of police activity despite occupying less than 10% of the city’s land area.
Capital Improvement Plan
The lifespan of the U.S. 1 CRA is 20 years, and funds can only be spent along the U.S. 1 corridor and in Historic Westside for the first 10 years.
Years 1-10 Projects
| Economic development and business location support | $750,000 |
| Remediation of brownfield sites | $500,000 |
| Property acquisition and preservation of economic incubator space | $400,000 |
| Streetscape and pedestrian safety enhancements | $300,000 |
| U.S. 1 & Canal Street intersection improvements | $250,000 |
| Historic Westside housing improvements | $350,000 |
| Pettis Park and Mary S. Harrell Black Heritage Museum improvements | $250,000 |
| Senior housing match for Florida Housing Finance Authority grant | $50,000 |
| Partnerships for new affordable housing | $500,000 |
| Central water and sewer connections | $50,000 |
| Total | $3,400,000 |