{"id":421293,"date":"2026-10-07T16:04:09","date_gmt":"2026-10-07T16:04:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/421293\/"},"modified":"2026-10-07T16:04:09","modified_gmt":"2026-10-07T16:04:09","slug":"city-council-delays-vote-on-incentives-for-downtown-publix-until-after-amendment-3-outcome","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/421293\/","title":{"rendered":"City Council delays vote on incentives for Downtown Publix until after Amendment 3 outcome"},"content":{"rendered":"

JACKSONVILLE, Fla. \u2013 Jacksonville City Council\u2019s Finance Committee on Tuesday deferred a vote on the multi-million-dollar cash incentive for Gateway Jax to bring a Publix store Downtown until after the Amendment 3 outcome, as reported by our news partners at Jax Today<\/a>.<\/p>\n

It is a $49.65 million incentive package for the developer\u2019s proposed $140.15 million, 14-story residential and retail high-rise near City Hall that Gateway says will house a full-service Publix.<\/p>\n

At issue is the $28.25 million cash completion grant in the deal that some council members worry would be a struggle for the city to finance if Florida voters approve the homestead property tax cut referendum Nov. 3. <\/p>\n

The Jacksonville City Council Auditor\u2019s Office has estimated that if the referendum, known as Amendment 3, passes, the city will experience a $200 million drop in revenue for the 2027-28 fiscal year and $300 million by 2028-29.<\/p>\n

Tuesday deferral came after the council\u2019s Neighborhoods, Community Services, Public Health and Safety Committee voted 5-2 on Monday to advance the bill that would award the incentives.<\/p>\n

The proposed residential tower and grocery store is part of Pearl Square, a more than $1 billion mixed-use neighborhood Gateway Jax is building on the Northwest side of Downtown near City Hall. <\/p>\n

Gateway is demolishing the former First Baptist Church auditorium at 119 W. Beaver St. to make room for the new high-rise. Publix is the tenant planned for the 37,000-square-foot retail space on the ground level. The building also would have 259 residential apartments. <\/p>\n

In addition to the completion grant, the proposed agreement with the city also includes a $21.412 million 75% property tax refund over 17 years, called a REV Grant. <\/p>\n

If approved by Council, the money would go to Gateway to subsidize the building\u2019s construction. Publix would lease the space and would not receive any of the city dollars.<\/p>\n

Click here to read the full story on Jax Today.<\/a><\/p>\n

Copyright 2026 by WJXT News4JAX – All rights reserved.<\/p>\n","protected":false},"excerpt":{"rendered":"JACKSONVILLE, Fla. \u2013 Jacksonville City Council\u2019s Finance Committee on Tuesday deferred a vote on the multi-million-dollar cash incentive…\n","protected":false},"author":2,"featured_media":421294,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[2152,9000,116,118,117,2231],"class_list":["post-421293","post","type-post","status-publish","format-standard","has-post-thumbnail","category-jacksonville","tag-development","tag-downtown-jacksonville","tag-jacksonville","tag-jacksonville-headlines","tag-jacksonville-news","tag-publix"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/421293","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=421293"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/421293\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/421294"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=421293"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=421293"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=421293"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}