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The St. Johns Board of County Commissioners approved an economic development incentive agreement 4-1 with the PGA Tour on May 18 with an estimated value of $16,778,760. The agreement, previously code-named Project Breeze, would create a 150,000-square-foot broadcast media building for the PGA Tour. The tour would relocate its PGA Tour Entertainment arm from its 32,329-square-foot building in World Golf Village to the new facility adjacent to the new PGA Tour Global Home along Palm Valley Road in Ponte Vedra. The tour could receive $16,778,760 in incentives, which includes 25 years of ad valorem taxes paid on capital improvements and 25 years of tangible business personal property taxes paid by the applicant. ....
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The St. Johns County code-named Project Breeze has been identified as the PGA Tour, according to a May 18 St. Johns County Commission agenda. The project, previously described as an unnamed information technology project, is a broadcast media building for the PGA Tour, according to the economic development agreement. The PGA Tour would relocate its PGA Tour Entertainment arm from its 32,329-square-foot building in World Golf Village to the new 150,000-square-foot facility. The 135 employees at the company would be retained. It would be constructed on property along Palm Valley Road, adjacent to its world headquarters that opened earlier this year. The St. Johns County Commission approved a motion to draft an agreement with the applicant on April 6. ....