Funding sources
What building it costs, who has committed money, and what is still missing. Money that only repays a loan is not counted twice.
Uses
$7.5M
- Construction — Underground US 98 (as built)
computed from model$7,500,000
Construction is nominal capital spend of the selected alternative. Financing uses appear automatically when issuance costs, reserves or capitalized interest are modeled.
Count sources at or above
| Threshold | Counted | Gap |
|---|---|---|
| available | $7.5M | $0 |
| proposed | $7.5M | $0 |
| applied | $7.5M | $0 |
| confirmed | $7.5M | $0 |
Costs and who pays
Secured vs proposed funding
Counted sources
$7.5M
Status ≥ confirmed
Financing gap
$0
Surplus $0
Confirmed only
$7.5M
Executed commitments
Public · private · mixed
100 · 0 · 0
Share of counted sources, %
Stack against uses ($7.5M)
Gulf Breeze CRA funds (tax increment and bank-loan proceeds; split not published)
ReconciliationCounted sources $7,500,000 + gap $0 − surplus $0 = uses $7,500,000.
Sources
| Source | Type | Status | Amount | Counted? |
|---|---|---|---|---|
| Owner equity | Confirmed / executed | $7.5M | Yes |
Eligibility and legal record
Gulf Breeze CRA funds (tax increment and bank-loan proceeds; split not published)
$
- Requires legal review
- No
- Authority citation
- Community Redevelopment Act, Fla. Stat. part III, ch. 163 (statute text not yet checked)
- Eligibility source
- —
- Eligible recipient
- Gulf Breeze Community Redevelopment Agency
- Repayment source
- Tax increment from Santa Rosa County and the City of Gulf Breeze
- Pledge type
- Not published. The CRA's accounts show the loan paid from tax increment; the loan agreement is not posted.
- Responsible issuer
- Gulf Breeze CRA (borrower on the $10.7M bank loan)
- Grant conditions
- —
- Source as of
- 2026-08-26
Legal and authority gates
- Undergrounding is in the adopted community redevelopment plan
Fla. Stat. §163.360 (plan) and §163.387 (trust fund) · citation not verifiedSettled - Conversion agreement with FPLSettled
- FDOT permits on US 98 right of waySettled
- Relationship to FPL's storm protection plan
Fla. Stat. §366.96 · text checked 2026-10-23Does not apply yet - CRA life covers the loan termOpen question
Possible funding stays possible until a lawyer or the funder confirms it. Public benefits are never treated as money to repay a loan.