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- 2013 - January - 29th -
Brown announces $11M for Downtown, Duval investment
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Steve Halverson, (at the podium) chair of the Jacksonville Civic Council, applauded a proposal by Mayor Alvin Brown to designate $11 million for economic development. He was joined (from left) by City Council member Don Redman, Brown, and Downtown Revitalization Transition Co-chair Chester Aikens. Halverson is CEO of The Haskell Co., where the announcement was made.
Photo by Joe Wilhelm Jr.
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Brown announces $11M for Downtown, Duval investment

01/29/2013

by David Chapman, Staff Writer

Mayor Alvin Brown this morning announced a proposed $11 million in funds for economic development Downtown and throughout Duval County.

The funds come from savings in refinancing the City’s more than $1 billion in bonds, Brown said.

Of the $11 million savings, $9 million will be designated for an economic development trust fund that the Downtown Investment Authority can use as capital to revitalize Downtown.

Brown said authority members will determine the projects and goals that require funding. He was noncommittal about specific projects.

The other $2 million will be allocated for a countywide economic development trust fund to be administered by the Office of Economic Development.

City Council must approve the proposal. An ordinance must be filed. The next Council meeting is Feb. 12.

dchapman@baileypub.com

(904) 356-2466
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