When Related does one deal, they tend to do a whole bunch of other deals right after it one after another, better and better so getting it to Jacksonville is an enormous coup for us, Diamond said.
The incentive package for Related is topped by 20 years of property tax rebates that would total nearly $13 million based on additional tax value coming on line from the development.
Other incentives are the city will turn over the city-owned land, pay a completion grant of as much as $500,000 after the new restaurant is built, pay up to $1.14 million for improvements to the storm-damaged city-owned marina, and provide a $500,000 infrastructure grant.