Published on November 10, 2022 at 12:17 pm
The Jacksonville City Council approved a $5 million, low-interest loan to The Vestcor Companies Inc. to help finance Madison Palms, a 240-unit affordable housing apartment community along Merrill Road in Arlington.
Council approved loan agreement Wednesday by a 19-0 vote.
The estimated $56.5 million project at 8300 Merrill Road near Merrill Road Elementary School and Interstate 295 would be mixed-income, according to the legislation and a project summary from the city Office of Economic Development.
Read the rest of this story at the Jacksonville Daily Record, a Jacksonville Today news partner.
News Tractor-trailer overturns on Dames Point Bridge An overturned tractor-trailer closed northbound lanes of the Dames Point Bridge on Thursday morning. The incident happened just before 9:30 a.m. as the truck was traveling across the top of the bridge. FHP confirmed that the truck was blown over by a strong wind gust. The driver was not hurt. Jacksonville Today thanks our sponsors. Become one. Multiple crashes were ... Read More