Fishkind & Associates will conduct the study, which would be the first step in establishing Lakewood Ranch as its own city.

The study’s goal is to determine and document the viability of Lakewood Ranch becoming incorporated. As a city, Lakewood Ranch would have its own police department and other municipal services.

Other potential advantages include a decrease in tax payments and entitlement to sales, gasoline and alcohol consumption taxes.

The concept of transforming Lakewood Ranch into an incorporated city became a hot topic in 2006 when residents began to take a more active role in running the community. However, it was shelved after a transition committee decided that the shift was not beneficial enough to warrant the process.