JACKSONVILLE, Fla. -- Jacksonville City Council President Bill Gulliford and council voted Tuesday night for the release of some taxpayer money to the developer of Unity Plaza.
The 17 to one vote is in favor of accepting documents presented by 220 Riverside developers proving they will spend at least $30 million on the project.
The Riverside Avenue project is a partnership between the city and the
developer, Hallmark Partners, which dates to 2007. Initially, the city committed almost $13 million, while the developer committed $90 million. That agreement was amended last year. The city's
costs increased to more than $17 million, while the developer's
investment was cut back to $30 million.