Developer Asks City For Another $2M To Satisfy Laura Street Trio Lien

Sep 9, 2021

The Jacksonville City Council is poised to add $2 million to a $24.67 million taxpayer incentives deal previously approved by the Downtown Investment Authority to renovate the historic Laura Street Trio. 

The Council Finance Committee voted 7-0 on Sept. 8 to amend pending legislation with a $2 million forgivable loan to help SouthEast Development Group LLC satisfy an outstanding financial lien on the property.

SouthEast Principal Steve Atkins has been working for nearly a decade to restore the Florida Life Insurance, Bisbee and Marble Bank buildings that comprise the Trio at northeast Laura and Forsyth streets. 

Read the rest of this story from WJCT News partner the Jacksonville Daily Record.