POLISCOPE
Back to feed
Part ofEconomic Development →

The civic record

Read. Follow. Verify.
DUVAL COUNTY · LOCALlocal legislationIn Committee
Local Impact

Proposed Redevelopment Agreement for 119 Beaver St W

Original title: ORD Making Certain Findings & Apv & Auth the CEO of the DIA, or Her Desig, to Execute a Redev Agrmt Among the City, the DIA & 119 Beaver St W, LLC to Support the Construction of a Mixed Use Residential & Retail Dev, Including 259± Residential Units, & 37,000± sq ft of Ground Floor Leasable Retail Space, Including No Less Than 30,000 sq ft to Be Desig for Use by Publix Grocery Store or Other Similarly Well-Known Regional or National Grocer as Appvd by the DIA; Auth a 75%, 17-Yr Recaptured Enhanced Value (REV) Grant in the Max Amt Not to Exceed $21,412,000 in Connection with the Proj (REV Grant), Payable Thru the Downtown Northbank CRA Trust Fund; Apv & Auth a $28,250,000 Completion Grant to the Developer Payable by the City in 2 Installments Upon Completion of the Proj (Completion Grant), to Be Appropd by Subsequent Legislation; Desig the DIA as Contract Monitor for the Agrmts; Prov for Oversight of the Proj by the DIA; Auth the Execution of All Docs Relating to the Above Agrmt & Transactions, & Auth Technical Changes to the Docs (Lavie) (Req of the DIA) 6/23/26 CO Introduced: NCSPHS, F Public Hearing Pursuant to Ch 166, F.S. & C.R. 3.601 - 7/28/26

Record date · July 20, 2026

Track this bill to get notified when it advances a stage. One tap to stop, anytime.

What This Bill Does

This ordinance authorizes a redevelopment agreement between the City, the Downtown Investment Authority (DIA), and 119 Beaver St W, LLC to build a mixed-use residential and retail project. The project includes 259 residential units and 37,000 square feet of retail space, with a requirement for a major grocery store. The city proposes providing up to $49.6 million in financial incentives through grants.

Why it matters

The city is considering committing $49.6 million in public funds to support a private development project that will change the local housing and retail landscape in the downtown area.

Who It Affects

Groups the bill's text affects, as described in the record. Being affected is not a position for or against it.

Directly affected

119 Beaver St W, LLC

The developer is the recipient of the proposed REV and completion grants and is bound by the terms of the redevelopment agreement.

Directly affected

Downtown Investment Authority

The agency is tasked with executing the agreement, monitoring the contract, and overseeing the project.

Directly affected

Downtown Northbank CRA Trust Fund

The fund is the designated source for the $21,412,000 REV grant payments.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Frequently Asked Questions

What is a Recaptured Enhanced Value (REV) grant?
It is a financial incentive where a portion of the increased property tax value generated by a new development is returned to the developer over a set period.
Is the grocery store requirement mandatory?
Yes, the ordinance requires at least 30,000 square feet of the retail space to be used by a Publix or a similarly well-known grocer approved by the DIA.
When will the city pay the $28.25 million completion grant?
The grant is payable in two installments upon the completion of the project, subject to appropriation by subsequent legislation.

What else do you want to know?

News Coverage

No news coverage found yet. Articles are indexed twice daily.

Follow the record

Votes, people, money & the original source

Full breakdown

Who this bill affects and the strongest case for and against it, written only from the bill’s own text.

Discoveries

1 pattern noticed across the record

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

financial connection100% confidence

Two-Tiered Incentive Structure

The project utilizes both a long-term tax-based incentive (REV grant) and a direct cash payment (completion grant) to support development.

119 Beaver St W, LLCDowntown Investment Authority

Connected Entities

City of Jacksonville, Downtown Northbank CRA Trust Fund, Downtown Investment Authority and 2 more
OrganizationCity of Jacksonville“The municipal government providing the grants.”Map →
otherDowntown Northbank CRA Trust Fund“The funding source for the REV grant.”Map →
OrganizationDowntown Investment Authority“The agency responsible for executing the agreement and monitoring the project.”Map →
Organization119 Beaver St W, LLC“The developer for the proposed project.”Map →
OrganizationPublix“The specified anchor tenant for the retail space.”Map →

Sources

Open source document

webapi.legistar.com

Analysis Score

0–100
  • Significance85
    How much this matters to a regular citizen
  • Controversy40
    Intensity of disagreement among stakeholders
  • Entertainment10
    Compellingness for a non-policy-wonk reader
  • Buzz30
    Current news / social attention level

Publisher tools

Share or embed this record

POLISCOPE publisher tools

Share or embed this record