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Council approves Gateway Jax land‑swap and redevelopment agreement with conditions, deadlines for incentives
Summary
The council approved ordinance 20 25 3 19 (the Gateway Jax land‑swap and redevelopment agreement) after three floor amendments that added purchase/repurchase pricing, timing for developer performance, a requirement that future incentives be funded from the Northbank CRA, and an underwriting review; vote was 17–1.
Jacksonville City Council on Tuesday approved 20 25 3 19, the ordinance authorizing a land swap and redevelopment agreement tied to redevelopment of the Riverfront Plaza pad and an associated East Landing parcel. The bill passed after three floor amendments that added clarity on repurchase prices, deadlines, incentive‑funding sources and additional underwriting and JSEB (Jacksonville Small/Emerging Business) commitments; the final tally was 17 yeas, 1 nay.
Why it matters: The measure clears the way for private developer Gateway Jax to proceed with a mixed project for Riverfront Plaza Pad B, including a hotel and associated uses, while creating guardrails sought by several council members to protect the city if the private…
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