The Jacksonville City Council is now set to review a proposal to support a company’s plan to demolish a building in Northwest Jacksonville and construct a 300,000-square-foot building for industrial use at the site.
Ed Randolph, the executive director of the Office of Economic Develop said the 21-acre site at 5421 Beaver St. has up to 300 abandoned vehicles and tractor trailers.
“Basically, if you look at the site it looks like a junkyard,” Randolph said.
The property is owned by Shep’s Discount Salvage Inc., who purchased it for $1.1 million in 2003, according to county records.
The proposal, which was approved by the Mayor’s Budget Review Committee on Monday, is to provide an tax rebate grant for the project of up to $1 million over five years.
The company says incentives would assist with infrastructure investments such as a new lift station, ingress and egress, storm retention ponds and utility connections. The company plans to invest $35 million into the project, according to city documents.
City records say that the project is within a distressed area of Northwest Jacksonville, and it is within the area covered by Northwest Jacksonville Economic Development Fund, a public fund for economic development within the neighborhood.
Once construction of the new building is complete, it will be leased to tenants for manufacturing purposes.
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