After two years of trying unsuccessfully to obtain approvals from the city of Jacksonville to develop on two different sites, Belvedere Terminals Co. is poised to move ahead in its efforts to build a fuel storage depot.
On June 17 and June 18, City Council committees voted in favor of a $1.5 million Large Scale Economic Development Grant for Belvedere to construct the $82.75 million fuel depot on leased property at 5902 Sportsman Club Road in the CSX Transportation Intermodal Jacksonville site.
The Rules and Finance committees voted unanimously on an amended version of Ordinance 2024-0461, which included the incentive.
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