The update on the project has left many saying Jacksonville is at it again — tearing things down without a plan for replacement. But that’s not really the case here.
The plan was to replace the restaurant with new apartments and a restaurant. The city had worked out an incentive deal with the developer — tax breaks — but due to the economy and construction costs, the developer, Related Group, could not meet construction deadlines. That prompted the head of Jacksonville’s Downtown Investment Authority, Lori Boyer, to write a letter telling the developer that the deal is off for now. But Boyer said, hopefully, that won’t be for long.
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