Committee amends Project Underground agreement to clarify rev‑grant terms, JSEB and job thresholds The Finance Committee approved amendments to Project Underground’s economic development agreement to align it with the public investment policy, set the rev‑grant term to five years with a final payout year of 2033, fix the JSEB goal at 20% of the city's contribution, and set retained and new‑job thresholds (146 retained jobs; reductions for attaining 80–64% of new‑job targets).

The Finance Committee has revamped Project Underground's agreement, ensuring job creation and investment clarity for Jacksonville's economic future.

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Council approves REV grant for proposed Etown surf lagoon after OED explains increased foundation costs The council approved a REV grant for a proposed surf facility at the southwest quadrant of Etown Parkway and 9B after OED reported geotechnical issues raised expected foundation costs by $10–20 million. OED described the project as a potential tourism catalyst on a 15-acre portion of a 45-acre master plan.

Jacksonville is set to make waves with Florida's first surf lagoon, approved for a REV grant despite rising foundation costs!

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Finance committee approves $750,000 contract with JAX USA Partnership; adds reporting requirement The committee approved a $750,000 marketing/partnership contract with the JAX USA Partnership (the regional chamber), and added a requirement that quarterly reports include invoices and documentation of city-dollar expenditures.

The Finance Committee has greenlit a $750,000 contract with the JAX USA Partnership, but with a twist—new transparency measures will ensure every dollar is accounted for!

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