Fleet Landing’s proposed 31-story retirement tower on Downtown Jacksonville’s Northbank is under consideration for up to $49.27 million in tax incentives, with the Downtown Investment Authority’s board set to consider the proposal Wednesday.
The incentives would come in a 20-year, 75% Recapture Enhanced Value Grant, according incentive Resolution 2026-10-02. A REV grant is a refund on ad valorem tax revenue generated by a new development or property enhancement. It can apply to property and tangible personal property.
The measure would be subject to a final approval or denial by City Council.
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