Lakewood Ranch Could Become A City

By
Industry Observer with No longer practicing real estate as of 2008.

There is talk of making Lakewood Ranch into it's own city.  Even though it's a huge community with just about everything you need already in place, I'm not sure how happy the residents living there would be about this.  What would be the cost of turning Lakewood Ranch into it's own city?  What are the positives and the negatives of doing this?  I wonder how many people would move out of the area if this was passed?  I've not actually ever seen a community transition into a city, so I'm not sure what all is involved with the process and the expense to the residents if they do decide to do this.

I guess we will just have to wait and see what happens and what is voted on. 

Has anyone ever seen this process happen and how it works?  What was the outcome of it?

Comments (5)

Leah Ross
Your Tampa Bay Mortgage Source - Tampa, FL
Tampa, Florida Mortgage

Great information Becky.  I haven't seen a community become a city...however I live in Port Tampa which use to be it's own City but is now a part of the City of Tampa.  I have heard some great stories about the transition!

Aug 01, 2007 10:50 PM
Katrina Madewell
Charles Rutenberg Rlty- More than 5,000 agents(813) 777-1196 - Tampa, FL
Tampa FL Homes for sale | Tampa Bay - (813) 777-1196

Yes, I know the city of Temple Terrace did years ago (used to be part of Tampa unincorporated), but I do not know the specifics.  This would be interesting to follow and see how it goes.   I do know they have their own police department etc...

not sure what the 'big deal' would be, but then again I don't live there.

Katrina Madewell

Aug 02, 2007 01:38 AM
Becky Troutt
No longer practicing real estate as of 2008. - Bradenton, FL

I don't know what the cost is in it.  I have read some comments from some residents that live there that say they don't want it, that it would be more fees.  Not sure what those fees are.

Aug 02, 2007 08:48 AM
Todd Clark
eXp Realty LLC - Tigard, OR
Principle Broker Oregon

Over the years I've seen a few communities try to become their own cities to avoid trying to be incorporated by another city. They do this to avoid the additional taxes the city trying to incorporate them would bring. A prime example of this is NIKE the shoe company. The Nike world campus in Beaverton, Oregon is basically an island and sits right in the middle of Beaverton, but isn't part of the city. Don't ask me how they pulled this off, but they don't pay city taxes from what I understand.

Aug 03, 2007 05:15 PM
Becky Troutt
No longer practicing real estate as of 2008. - Bradenton, FL

That's interesting.  Wonder how they actually pulled that off?  It'll be interesting to see what they end up doing with Lakewood Ranch.  Whether they leave it as a large development or turn it into a city.

Aug 03, 2007 11:00 PM