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08:27 PM EST Share The incentives will finance improvements to the historic building and cover costs linked to VyStar’s parking garage construction. The Jacksonville City Council approved a $1.1 million incentives package May 11 for improvements to Regions Bank’s historic Downtown headquarters building and to mitigate its financial impact from a city-supported parking garage for VyStar Credit Union.  Regions negotiated the deal with the Downtown Investment Authority in late 2020. It provides the bank $900,000 in forgivable historic preservation and code compliance loans in multiple payments over five years for restoration work at its headquarters at 51 W. Bay St. The agreement also will reimburse Regions up to $200,000 through a grant for costs associated with the sale of its surface parking lot adjacent to its headquarters to accommodate the plans of neighboring VyStar Credit Union.

Reggie gaffneySteve diebenowRandy whiteHawthorne diebenowRegions bankDowntown investment authorityJacksonville city councilVystar credit unionVystar creditForsyth streetOld bisbee buildingRevitalization programDowntown preservationரெகி காஃப்னிஸ்டீவ் திஎபேனோவ்ரேண்டி வெள்ளை