Concerns arise over Laura Street Trio deal

Published on June 16, 2023 at 2:29 pm

A revamped $36.55 million city incentives deal for developer Steve Atkins’ plan to redevelop the historic Laura Street Trio could face opposition when it heads to the Downtown Investment Authority board June 21.

The DIA Strategic Implementation Committee voted 3-1 June 15 in favor of the financing package, but some board members questioned whether the proposal, plus Atkins’ request for $27 million more from City Council, is asking too much from Jacksonville taxpayers.

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Atkins, principal of SouthEast Development Group and the Trio owner, is seeking a new incentives deal for a scaled-up $175.1 million multifamily, hotel and restaurant development plan for the Trio property he announced in April.

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

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