Newspaper article The Florida Times Union

JEDC OKs Landing Parking Agreement; the Commission Also Approved Incentives for a Kuhn Cos. Condo Project

Newspaper article The Florida Times Union

JEDC OKs Landing Parking Agreement; the Commission Also Approved Incentives for a Kuhn Cos. Condo Project

Article excerpt

Byline: JOE LIGHT

The Jacksonville Economic Development Commission approved several projects at its meeting on Thursday.

-- The Jacksonville Landing deal: Commissioners approved the agreements between the owners of the open-air mall, the city, Humana and the Kuhn Cos.

If approved by City Council, city officials say the agreements would end a decades-old failure of the city to provide adequate parking for Landing patrons, something required by the Landing owner's lease.

In the new deal: Kuhn Cos. would dedicate parking in a garage planned for a condo tower across the street. The city would pay Kuhn $3.5 million for parking and another $500,000 to move utilities from where the garage would go. The Landing owners, who actually lease the land the mall sits on, would purchase the surface parking lot that currently serves the mall for $4.7 million.

-- Incentives for Armor Holdings: Commissioners approved $619,800 worth of incentives for an expansion of the Jacksonville-based company's workforce at the airport. The city would pick up $392,600 of that, and the state would take care of the balance.

Armor plans to build an 80,000-square-foot manufacturing facility on a 7-acre plot next to its headquarters on International Parkway. The company would add 71 full-time positions with an average wage of $40,281, said Jim Seidel, the company's division vice president.

Although all the commissioners agreed on the merits of spending the money for Armor's expansion, they did not agree that $250,000 of that money should come from the Northwest Jacksonville Economic Development Fund. Commissioner Charlie Appleby proposed the money instead come from a fund tied to the redevelopment area designated for the airport. His motion failed to receive a second, and the resolution to provide the incentives as originally proposed passed with only Appleby dissenting.

-- Incentives for the former Barnett Bank Building: If approved by the City Council, Kuhn Cos. will receive $900,000 from the Historic Preservation Trust Fund for its project of turning one of Jacksonville's oldest high-rises into condominiums. …

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