City of Florence turns down developerâs $12.8M request for assistance City of Florence (Source: WAFF) By Bernie Delinski | April 15, 2021 at 10:08 AM CDT - Updated April 15 at 10:08 AM
FLORENCE, Ala. (WAFF) - A proposed a $45.5 million downtown residential, retail and office development and parking deck will not happen after the Florence City Council turned down the developerâs request for funding.
According to our news partners at The Times Daily, Developer James Bobo had requested nearly $12.8 million to help with parking, including a parking deck. Council president Dick Jordan sent him a letter last week turning down the request.
âThat project obviously is not going to work without that parking deck,â Bobo said.
Bobo Family Group Unveils ‘The Mandolin’ – A Residential, Retail, and Office Development for the Shoals
(FLORENCE, Ala.) NEWS: After a year in the works, downtown Florence could face a new economic boom thanks to The Mandolin, a thriving residential, retail, and office development project Bobo Family Group has proposed for the heart of the city.
When Covid-19 hit, we had to hit pause, step back, and take a look at how things might be changing. We immediately knew that retail and hospitality were going to get hit, we just didn’t know how long it would last. Thankfully, we’ve discovered that some retail sectors have become more resilient, with grocery being one of them.
Thu January 21, 2021 - Southeast Edition
Bobo Family Group
The $45.5 million development will offer modern residential units, high-class office spaces, convenient parking and jobs, totaling more than $100 million in proposed ongoing economic impact for the city. (The Bobo Family Group rendering)
After a year in the works, downtown Florence, Ala., could face a new economic boom due to The Mandolin, a thriving residential, retail and office development project
Bobo Family Group has proposed for the heart of the city. When COVID-19 hit, we had to hit pause, step back and take a look at how things might be changing. We immediately knew that retail and hospitality were going to get hit, we just didn t know how long it would last. Thankfully, we ve discovered that some retail sectors have become more resilient, with grocery being one of them, Bobo Group said.
Developer Provides Update on Florence Project, Potentially Offering Massive Economic Impact to The Shoals floridanewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from floridanewswire.com Daily Mail and Mail on Sunday newspapers.