02:08 PM EST Share The five-year property tax reimbursement would support the company’s proposed $47.3 million investment in North Jacksonville.
By Mike Mendenhall and Karen Brune Mathis
A $1.1 million tax incentive for a proposed FlexCold processing and distribution facility near the Blount Island Marine Terminal in North Jacksonville is headed to City Council.
The Mayor’s Budget Review Committee voted 5-0 on March 8 to file legislation that includes a five-year Recapture Enhanced Value Grant that is part of the economic development agreement.
According to records from the city Office of Economic Development, parties in the three-way deal are FlexCold LLC, 11180 Blasius Road LLC and the city.
Charleston, South Carolina-based Flexspace Ventures LLC is working toward developing a FlexCold warehouse in North Jacksonville.
The company says on its FlexCold.com site the almost 150,000-square-foot cold-storage facility with more than 25,000 pallet positions will open in April 2022.
The Jacksonville Planning and Development Department is reviewing plans for the project on 12.06 acres at 11180 Blasius Road at southwest Faye and Blasius roads.
Part of the site is timberland and another portion is used as a truck parking lot.
The application describes the structure as 151,068 square feet with parking spaces for 29 cars and 52 trucks.
ARCO Design/Build LLC of Atlanta is the developer. Jacksonville-based England-Thims & Miller Inc. is the civil engineer.