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.
08:50 PM EST Share City Council voted 14-5 on May 25 to approve a 6-cent per gallon increase in Duval County for $1 billion in transportation projects.
After the Jacksonville City Council passed Mayor Lenny Curry’s proposed increase to Duval County’s local option gas tax May 25, he acknowledged to reporters gathered in the City Hall rotunda that no tax hike is popular with voters.
“Today’s a historic day for our ability to invest in much-needed infrastructure in our city,” Curry said.
“We’ve neglected this stuff for years and we need a source of revenue.”
The Council voted 14-5 to approve Ordinance 2021-223 that will double the gas tax from 6 cents per gallon to 12 cents, starting Jan. 1, to complete nearly $1 billion in road, drainage and other infrastructure needs.
The Jacksonville City Council is expected to vote during a special meeting Wednesday on a proposal to double Duval County’s gas tax, raising it from 6 cents to 12 cents a gallon.
The Jacksonville City Council voted 14 to 5 Wednesday to pass the local option gas tax increase, slated to fund more than $900 million in infrastructure projects.