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.

RELATED: Rooftop bar and music venue planned for Bay Street

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.

Article continues below

More from Jax Today

State closed probe of Jax teacher before accuser was given chance to testify, lawyer says

Florida may allow bear hunting for first time in a decade

First Coast Hispanic chamber to recognize business leaders

Jacksonville Today thanks our sponsors. Become one.