Aircraft manufacturer seeks city incentives for $430 million production facility

Started by thelakelander, May 10, 2025, 09:03:47 PM

jaxoNOLE

Quote from: jaxlongtimer on May 19, 2025, 10:55:35 PM
Quote from: Jax_Developer on May 19, 2025, 11:38:04 AM
I just hope they were planning on building that new runway for them either way.

New runway?  Cecil already has 4 that are hardly used.  I don't see them adding anymore.

I note on the current aerial on Google Maps, they actually parked a bunch of planes on one of the runways.

It's a new taxiway, $22.5M, according to JDR. (Another funding source that remains TBD.)

Jax_Developer

Thanks jaxoNOLE for the correction. Yes a $22.5M taxiway extension jaxlongtimer. Here is the summary of incentives from JDR: (https://www.jaxdailyrecord.com/news/2025/may/19/otto-aviation-is-project-bluebird-the-company-is-seeking-to-build-jet-in-jacksonville/)

QuoteThe JAA incentive package

The JAA board voted 7-0 to approve its incentive package, which comprises: 

• A $22.5 million investment by JAA for site preparation and design/construction to extend taxiway E-1 to the property where Otto plans to build its facility.

• Abatements on rent and common area maintenance fees on Hangar 825, worth $3.73 million.

• Rent credits on Hangar 825, worth $1.5 million.

• Abatements on rent and common area maintenance on the development site for the new plant, worth $7.18 million.

City gave them a REV grant which like most of the incentives don't matter if they never build. The taxiway however is a pretty massive investment on something speculative.

thelakelander

Well, if they fail, I guess the space can be used by a defense contractor or air cargo company.
"A man who views the world the same at 50 as he did at 20 has wasted 30 years of his life." - Muhammad Ali

Jax_Developer

Very true. Hoping that this was a way to justify the expansion of Cecil's footprint regardless of use.

thelakelander

^We took the same approach with JTA's UTC garage in LaVilla. Basically forced design changes so the building could be more easily adaptively reused when the project ultimately fails.
"A man who views the world the same at 50 as he did at 20 has wasted 30 years of his life." - Muhammad Ali