Downtown Investment Authority CEO Lori Boyer will lead the city agency through at least June 2024 with a $10,400 pay bump.
The DIA board voted unanimously June 21 to extend Boyer’s employment contract and increase her annual salary 4.8% from $211,150 to $221,550.
This is the second of two extension options in Boyer’s contract first approved by the board when she was hired as CEO in June 2019.
The salary increase is contingent on City Council’s approval of DIA’s fiscal year 2023-24 budget, which will be up for debate and a vote in September as part of the annual city budget process.
The board awarded her first one-year contract extension in June 2022.
She received a 5.4% pay raise in 2022 from $200,000 to $211,115.
Boyer received her first pay raise as CEO in June 2021 with a $20,000 bump when the board agreed to amend her contract.
She was named the DIA CEO after serving two terms as a Council member representing District 5, which includes San Marco and the Downtown Southbank.
During her time leading DIA, Boyer led an update to Downtown’s Business Investment and Development and Northbank and Southbank Community Redevelopment Area Plans.
She also helped negotiate $129.75 million in public incentives for Jacksonville Jaguars owner Shad Khan’s estimated $387.6 million Four Seasons hotel-anchored Shipyards development near TIAA Bank Field, among other new developments and adaptive reuse projects of existing Downtown buildings.
Since 2020, Boyer has helped coordinate plans for an interconnected Downtown riverfront park system.
Boyer was selected four years ago after a national search over two other candidates from outside Jacksonville.
She replaced interim CEO Brian Hughes, who filled the position for several months after former DIA CEO Aundra Wallace left to become president of JAXUSA Partnership, the economic development division of JAX Chamber.