The owner of Downtown commercial storefronts comprising Live Bar, Myth Nightclub and Element Bistro + Bar could receive $1.655 million from the city to help revitalize the building.

The Downtown Investment Authority board voted 6-0 on March 15 to approve a forgivable and deferred principal loan package to Nightlife Innovations Inc. to complete a $7.412 million rehab of its historic building at 333 and 327 E. Bay Street.

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The developer/building owner now needs the Jacksonville City Council to sign off on a $1.655 million award from the DIA’s Downtown Preservation and Revitalization fund.

Read the rest of this story at the Jacksonville Daily Record, a Jacksonville Today news partner.

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