Two of the biggest Downtown property developments on the Northbank have fizzled due to increased costs of construction and difficulties obtaining large-project financing, according to the chief executive  of the Downtown Investment Authority.

In an interview with the Jacksonville Daily Record, DIA CEO Lori Boyer said the city-owned sites of the proposed American Lions tower and Hardwick at Ford on Bay may be put back up for disposition — offered up for new redevelopment proposals, in other words.

The DIA approved a $36.93 million incentives package for American Lions LLC’s proposed 44-story residential tower at the former Jacksonville Landing site, now called Riverfront Plaza, in September 2022. 

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