World Economic Planners Laud Sarasota Anew


SARASOTA, FLORIDA, November 22nd, 2013 – Sarasota has again raised its profile as a hub of regional economic development, Sarasota Bay Real Estate reports. The recognition this time came in a silver excellence award to the county’s public–private partnership with Benderson Park for the hosting of the 2017 World Rowing Championship. County and park officials received this award as part of the annual meeting of the International Economic Development Council (IEDC)held this October in Philadelphia.

A worldwide non-profit organization of economic planners, the IEDC was formed in 2001 as a merger of the American Economic Development Council and the Council for Urban Economic Development. It assists and encourages its members to generate more high quality jobs, foster development of more vibrant communities, and spur an improvement of the quality of life in their localities.

Marketing excellence cited

The recognition which Sarasota and Benderson Park received is one of 35 IEDC awards categories. These were extended both to organizations and individuals for achievements in creating positive changes in urban, suburban, or rural communities. The Sarasota-Benderson Park award was in the public-private partnership category for communities having populations of 200,000–500,000.

Last year, the Economic Development Corporation of Sarasota won the IEDC’s golden excellence for its marketing material in the same community category. This award-winning marketing presentation showcased not only county officials’ interaction with prospective investors but also highlighted the competitive strengths of Sarasota and its thriving film industry.

Rowing tilt’s economic impact


In September this year, the hosting of the Olympics-caliber 2017 World Rowing Championship was officially granted to Sarasota-Manatee counties, with the 600-acre Benderson Park as the venue. The sports’ governing body FISA (Fédération Internationale des Sociétés d’Aviron) unanimously approved the joint hosting proposal from county and park representatives in a meeting in South Korea. The rival bidder was Plovdiv, Bulgaria.

The international rowing extravaganza is expected to pump in millions of tourism dollars into the local economy. It is likewise projected to create more jobs for workers in the area as the region prepares to accommodate as many as 100,000 rowers and visitors.

Boost for property sector

Ongoing real estate developments, such as the University Town Centre near Benderson Park, also stand to reap economic benefits from the rowing championship. An 800,000-square-foot shopping mall which constitutes University Town Centre’s first phase is programmed for an October 2014 opening. Two hotels and 1,700 residential condominium units are also on the drawing boards of this development.

The increased pace of development around Benderson Park likewise draws focus on Sarasota homes for sale around the locality. These include many attractively priced residences at the Central Park in Lakewood Ranch. A newly listed two-bedroom home here with a floor area of 1,100-plus square feet has a tag price just a shade under the $200s level.

Available properties at the Meadows community just west of Benderson Park should also gain further interest from prospective home buyers. The MLS currently lists several three-bedroom homes for sale in this neighborhood at prices in the high $100s and the $200s, featuring floor areas from 1,600 up to nearly 3,000 square feet.