Creating jobs and generating millions of tax dollars: Welcome to Palm Beach Logistics Center
For more than a year, the former Palm Beach International Raceway has sat unused, a remnant of a time gone by that adds no value to our community in terms of taxes, jobs or opportunity.
But there is a vision for this 174-acre parcel. It’s called the Palm Beach Logistics Center. That vision creates a productive asset to our community, offering quality jobs, millions in new tax dollars and a service that is in demand and needed for our county’s growth. Palm Beach Logistics Center is ready to be transformed into a logistics park that does all this and more. And this plan can come to fruition easily. Palm Beach Logistics Center only plans to use one-third of what the code permits and there are no variances or zoning changes required.
- Millions in new annual tax revenue.
- Hundreds of new, dependable jobs.
- High-quality infrastructure to meet growing e-commerce demands of South Florida.
Benefits
- Palm Beach Logistics Center will deliver over 1,000 quality jobs, significantly more in number and with higher salaries than the racetrack ever did.
- Palm Beach Logistics Center will deliver an incremental $4 million in annual tax dollars.
- Project has no negative impacts to surrounding area re: traffic or access. In fact, neighboring Palm Beach Park of Commerce has proven the success of such a property as a good neighbor for the area.
- The project is honoring all environmental codes, providing 50 ft. buffers on all sides of the site and preserving the surrounding wetlands.
Facts
- The current plan requires no variances or zoning changes and is modest compared to what could be built on the site. It requires only site plan approval.
- The former racetrack had no environmental buffers, but under the new site plan, these would be added.
- On January 26, 2023, when the owners brought the site plan to the Board of County Commissioners for approval, it was rejected due to opposition by a small group of raceway fans who wanted the property for themselves. The county’s decision had no basis in fact or law, with commissioners even stating that they were unable to find any sufficient evidence to reject the application.
- The property owners are pursuing remedies to protect their property rights.
- Palm Beach Logistics Center will appear again before the commission in the early summer of 2023.
- This decision could potentially set a dangerous precedent for the real estate community of Palm Beach County, infringing on the property rights of an owner and restricting their ability to operate their businesses freely and to make responsible choices with properly zoned property. As importantly, it would send a message that the County cannot be relied upon to respect and enforce its comprehensive plan and land development code when a small vocal crowd objects irrespective of merit.
NEWS
View article on rights to redevelop explained in South Florida Business Journal
Download report from Land Research Management with estimated economic impact here
View PBLC’s recent press release regarding the Magistrate’s ruling
View article on the Magistrate recommending redevelopment of former racetrack
View Palm Beach North Chamber of Commerce letter of support
View letter of support from the Boca Chamber of Commerce
View letter of support from the Chamber of Commerce of the Palm Beaches
View letter of support from the Central Palm Beach County Chamber of Commerce
View letter of support from the Hispanic Chamber of Commerce of Palm Beach County