Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
EverBank seeks help to stay downtown as DIA flags large pipeline of completion-grant requests
Summary
DIA told the committee EverBank is asking for assistance to remain downtown and that EverBank estimates a cost differential of roughly $1.4M (earlier) and a request figure of about $980,000 (Tarbert cited), with potential payments starting in 2027; Tarbert also presented a downtown development pipeline totaling ~ $1.14 billion and said active completion-grant requests currently total about $66M, with possible additional requests up to $225M depending on projects.
Committee members spent the afternoon discussing two interrelated financial issues: (1) a pending request from EverBank for incentives to remain in its downtown office and (2) a broader list of completion-grant requests and the downtown development pipeline.
Colin Tarbert said EverBank has asked for assistance to keep a major private office lease downtown rather than relocate to a suburban campus. Tarbert summarized the EverBank request to DIA as "about $980,000" and explained that earlier estimates put the annual delta of downtown occupancy versus suburbs at roughly $1.4 million, driven largely by parking and security expenses. Tarbert emphasized the risk to downtown momentum if a large tenant departs and said any incentive would be…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
