The fate of the Laura Street Trio is squarely in the hands of Jacksonville City Council members.
On June 28, the Downtown Investment Authority board voted 6-0 in favor of a resolution to end negotiations with the Trio’s developer, SouthEast Development Group, on its latest proposal to revive the three historic buildings at Laura and Forsyth streets. Member Jim Citrano was absent.
The resolution calls for the city not to entertain further incentives requests for the project unless SouthEast brings more of its own equity to the table or finds partners who can provide additional funding.