June 03, 2021
he restoration of Laura Street in downtown Jacksonville received a pivotal blessing from the National Park Service that cleared a hurdle on a proposed $ 24.7 million economic development deal due to be voted on by the city council this summer.
Lori Boyer, CEO of the Downtown Investment Authority, said the city’s lawyers are drafting the economic development deal on Friday and it could be before the mayor’s budget review committee in two weeks, unless long negotiations with the developer’s lawyers over the language.
Laws could then be tabled by the end of June, setting the stage for a city council summer vote that will either end or extend the years of failed attempts to revive what has been called the most historic corner of Jacksonville.
Redevelopment of the Laura Street Trio could need $ 24.7 million from Jacksonville taxpayers
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