QuoteTen years after JaxPort proposed bringing cruise ships to the once bustling commercial fishing hub in Mayport Village, the city of Jacksonville might buy back the property to spur economic development.
JaxPort's board of directors voted unanimously at a special meeting April 30 to declare the 6.72 acres along Ocean Street and the St. Johns River as surplus property, agreeing to sell it back to the city for $1.
"At this time, JaxPort has no further business for the Mayport property," JaxPort Chief Operating Officer Frederick Wong told the board.
The agreement requires the city to split revenue generated from a sale or private development of the land for the next 20 years with JaxPort.
Full article: https://www.jaxdailyrecord.com/article/city-has-plans-for-mayport-property-near-ferry-stop