The historic Laura Street Trio redevelopment includes apartments, a hotel and restaurant. | Jacksonville Daily Record
Published on December 12, 2023 at 11:15 am
City Council will consider a new package of public incentives for development of the historic Laura Street Trio in Downtown Jacksonville.
The new incentives deal offers $36.5 million in incentives but also includes a $22 million city loan that would serve to guarantee a construction loan obtained by the developer, SouthEast Development Group, from Capital One.Â
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The ordinance, which is scheduled to go before the Council on Tuesday, also includes a previously authorized $2 million forgivable loan from an earlier agreement, for a total public investment of about $60.5 million.
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