{"id":148902,"date":"2026-02-09T14:53:09","date_gmt":"2026-02-09T14:53:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/148902\/"},"modified":"2026-02-09T14:53:09","modified_gmt":"2026-02-09T14:53:09","slug":"everbank-plans-possible-move-out-of-downtown-as-city-council-debates-merit-of-continuing-downtown-incentives","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/148902\/","title":{"rendered":"EverBank plans possible move out of downtown as city council debates merit of continuing downtown incentives"},"content":{"rendered":"

JACKSONVILLE, Fla. \u2013 EverBank, a large employer in downtown Jacksonville, is planning to possibly move out of downtown less than a year after Citizens Property Insurance bailed on downtown for a building on the city\u2019s Southside.<\/p>\n

The Special Committee on the Future of Downtown is considering offering EverBank $9.8 million over 10 years to remain downtown.<\/p>\n

The possible incentive will be discussed at Monday\u2019s meeting — at the same time a major debate is brewing over whether the city should continue providing incentives at all for business to relocate or remain downtown.<\/p>\n

According to our news partner the Jacksonville Daily Record<\/a>, the emerging conversation at City Hall focuses on whether to reduce or even end financial incentives that are being used now to attract redevelopment in downtown Jacksonville.<\/p>\n

The Record reports that District 7 councilmember Jimmy Peluso, who represents the Downtown Northbank, believes that ending incentives could squash the momentum the city has built with new projects being launched and completed in recent years.<\/p>\n

But some of Peluso\u2019s Council colleagues think the yearslong incentives program had led to solid traction for downtown development and is no longer needed.<\/p>\n

Council members are expected to debate the issue at Monday\u2019s committee meeting after some committee members raised the idea of reining in incentives during a Jan. 12 meeting.<\/p>\n

For a full breakdown of the arguments for and against reducing public funding for downtown redevelopment, go to JaxDailyRecord.com<\/a>.<\/p>\n

Copyright 2026 by WJXT News4JAX – All rights reserved.<\/p>\n","protected":false},"excerpt":{"rendered":"JACKSONVILLE, Fla. \u2013 EverBank, a large employer in downtown Jacksonville, is planning to possibly move out of downtown…\n","protected":false},"author":2,"featured_media":148903,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[5073,43552,116,118,117,2159,99],"class_list":["post-148902","post","type-post","status-publish","format-standard","has-post-thumbnail","category-jacksonville","tag-downtown-development","tag-everbank","tag-jacksonville","tag-jacksonville-headlines","tag-jacksonville-news","tag-money","tag-politics"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/148902","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=148902"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/148902\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/148903"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=148902"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=148902"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=148902"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}