Downtown Redevelopment Incentive Agreements

At a glance

• What: Ordinances authorizing DIA redevelopment agreement for 119 Beaver St W (259-unit mixed use) and amended Springfield Lofts agreement with loan documents.
• Official minutes (2026-10-13, City Council): third-reading downtown actions: 2026-0700 (9,222,943 dollars of completion grants for the Gateway N4, N5 and N11 developments in fiscal year 2026-27, introduced by Lahnen) approved 15-0; 2026-0706 (1,134,952.80 dollars of investment pool earnings to the Osprey River N4 project and forgivable loans) amended and approved 14-1 with Gay opposed; 2026-0740 (Lofts at Southbank Amendment 3: construction start by September 1, 2027, completion by May 1, 2029) amended and approved 15-0. See also Gateway Jax Downtown Mixed-Use Completion Grant and Springfield Lofts Redevelopment Agreement.

Sources

• https://jaxcityc.legistar1.com/jaxcityc/meetings/2026/10/3818_A_Finance_Committee_26-10-20_Agenda.pdf
• City Council minutes, October 13, 2026: https://jaxcityc.legistar1.com/jaxcityc/meetings/2026/10/3736_M_City_Council_26-10-13_Meeting_Minutes.pdf
• 2026-10-13 - City Council

Log

2026-10-13 - City Council

Minutes: 0700 and 0740 approved 15-0; 0706 approved 14-1.