The Sebastian CRA Redevelopment Master Plan was originally adopted on March 22, 1996. Since then, the Redevelopment Plan has been updated two more times:
- On December 10, 2003 to expand the Sebastian CRA area to include the adjacent 95-acre Sebastian Blvd. Triangle Area.
- On October 13, 2010 to update the recommendations and capital improvement schedule.
With funding support from the Florida Department of Economic Opportunity (DEO), the Master Plan was updated again in June 2023. The 2023 Sebastian CRA Sustainable Economic Redevelopment Master Plan will further the vision and aid the City in identifying sustainable strategies and opportunities for the future of its core urban areas. It has been developed with the intent that it be reevaluated and updated on a regular basis to reflect current conditions and uses a ten year planning horizon for capital projects and Tax Increment Financing (TIF) revenue projects.