The Laura Street Trio is at Laura, Forsyth and Adams streets Downtown. | Monty Zickuhr, Jacksonville Daily Record
Published on April 10, 2024 at 4:35 pm
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Development of the Laura Street Trio of historic buildings Downtown has hit a dead end, according to a City Council member and documents filed by the Downtown Investment Authority.
In a newly filed resolution, the DIA says the owner and lead developer, Steve Atkins, rejected options presented to him by the city and DIA after the Council opted not to vote on a package of incentives and a $22 million “city participation loan” for the project in January. Instead, the council sent that package back to the DIA to revise and renegotiate.
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The resolution states that Atkins returned with a plan that was “only slightly modified” version of the city participation loan, a central cause of concern among council members about the earlier package. The DIA calls Atkins’ new proposal “untenable” and recommends that no further action be taken on it.
Read the rest of this story at the Jacksonville Daily Record, a Jacksonville Today news partner.
