Looking up: West Palm Beach by the numbers

The Bristol (artist’s rendering).

The city has dozens of projects on its wish list that will take years to complete, depending mainly on how money is tapped to pay for them, whether from bonds, state or federal grants or local taxes and fees.

Some of these projects got knocked off this year, from the El Cid dock replacement, to Northwood Street improvement and Tamarind safety and streetscape work. Others are in progress: the Westward Park pump and waterfall replacements, Curie Park dredging, Fire Station No. 4 replacement, and more. Still more are lined up.

The good news from the Finance Department this week is a projection money will continue to roll in from property taxes, which account for 42 percent of West Palm’s revenue.

Here are a few key numbers:

  • $11.8 billion: Value of property in West Palm Beach this year, compared to $11.0 billion in 2016 and $9.9 billion in 2015.
  • $2,373,352,734: Value of recently completed, under construction, approved and potential real estate projects. The more that’s built, the more property tax money is collected to pay for city services.

New residential projects coming on line include The Bristol, valued at $551 billion, and The Alexander, $32.7 million.

New commercial projects include Banyan Cay, $201 million, and Restoration Hardware’s gallery, $14.4 million.