Jacksonville, Fl — A redefining riverfront project in downtown Jacksonville has cleared its final hurdle.
City Council gave unanimous approval on a $114 million incentives package to help fund a $400 million project along the riverfront near the sports complex. The other approximately $300 million would be covered by the Jags.
If approved, this would include a 5-star, Four Seasons hotel as well as dining, retail and office space.
The bill language calls for a ‘luxury hotel’ with no fewer than 170 rooms and no fewer than 23 Class A condominium units.
The development would include a marina as well as improvement to Metropolitan Park.
The Downtown Investment Authority approved the project back in July and city council members will take it back up at their meeting beginning at 5 o’clock this evening.
Thank-you to the @CityofJax Council members for their approval of my Shipyards transformation plan. This plan includes a luxury hotel on our riverfront, new Jaguars Performance Center & the new home of the @MOSHjax museum. pic.twitter.com/9QJu1Tt6hY
— Lenny Curry (@lennycurry) October 13, 2021
2. Our downtown & riverfront are attracting the interest of local, national, and international developers. This project will be a catalyst for additional economic growth throughout the @CityofJax
— Lenny Curry (@lennycurry) October 13, 2021
Back to @pitbull 😊
Incredible news for Jax. City Council votes unanimously to approve the @Jaguars’ proposal for development on the Shipyards property. The team estimates the project will create 7,500 construction jobs and 1,500 permanent jobs. #DTJax #ilovejax pic.twitter.com/Wf01nUVH4Z
— JAX Chamber (@JAXChamber) October 13, 2021
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