Bill would provide $30 million for Downtown incentives

Started by Ken_FSU, June 23, 2025, 10:36:43 AM

Ken_FSU

To be clear, the $30 million will come from a Council Bill, not from Bill Delaney personally  ;D

https://www.jaxdailyrecord.com/news/2025/jun/17/bill-would-provide-45-million-for-downtown-incentives-and-citywide-affordable-housing-workforce-development/

Always love more funding, but I remain a little confused by this one.

Sounded like City Council had an appetite to get out of the cash incentive game for a bit with all the bills coming due over the next few years, but also sounds like it's "found" money, for lack of a better term, that we want to use to (possibly, but not necessarily?) have cash incentives in hand to encourage residential at Ford on Bay, or the Landing (which I thought would be subsidized through the DIA's TIF?), or Berkman 2?   

LadyBugJax

Agreed. Very strange. And none of this went through the DIA, which is getting a new CEO soon. Was that the point, to bypass them?