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Jacksonville Beach CRA discusses South End plan amendment, 50% TIF reduction and public-art additions
Summary
The Jacksonville Beach Community Redevelopment Agency on Tuesday discussed a planned amendment to its South End redevelopment plan that would formalize a 50% reduction in tax-increment financing (TIF) revenue, add public-art projects and align the plan’s style with downtown.
The Jacksonville Beach Community Redevelopment Agency on Tuesday discussed a planned amendment to its South End redevelopment plan that would formalize a 50% reduction in tax-increment financing (TIF) revenue, add public-art projects and make the South End plan stylistically consistent with the CRA’s downtown plan.
The amendment is intended to reflect a practice the agency says has been in effect since February 2019 and to document projects and priorities, not to immediately change revenue flows. Taylor (CRA staff) told the board, “Just because it’s in the plan, it we are not authorizing the reduction.” She said a formal resolution would be required and that any final change would also need city council and City of Jacksonville (COJ) notifications and approvals.
Board members pressed staff for fiscal and implementation details. One board member said the South End capital improvement program…
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