Jacksonville, Florida, January 13, 2026
The Jacksonville City Council has approved a $30 million incentive package to revitalize the vacant riverfront property at 330 E. Bay St., the former Duval County Courthouse. The initiative aims to transform the area into a lively destination with new dining, entertainment, and residential options. Included in the package are a 75% property tax rebate and a completion grant of $9.6 million to stimulate private investment and attract developers for the project.
Jacksonville City Council Approves $30 Million Incentives for Bay Street Courthouse Redevelopment
Jacksonville, Florida – The Jacksonville City Council has approved a $30 million incentive package aimed at revitalizing the long-vacant riverfront property at 330 E. Bay St., the former site of the Duval County Courthouse. This decision marks a significant step toward transforming the area into a vibrant hub for dining, entertainment, and residential living.
Details of the Incentive Package
The approved incentives include:
- Recapture Enhanced Value (REV) Grant: A 75% property tax refund over 20 years, capped at $26.77 million, designed to encourage private investment by offsetting development costs.
- Completion Grant: A lump sum payment of $9.6 million upon the project’s completion, intended to support the final stages of development.
These incentives are part of a broader $45 million allocation from the city’s self-insurance fund, approved last year, to stimulate downtown development. The remaining $15 million is designated for other countywide projects, including workforce development and historic preservation.
Development Plans and Timeline
The Downtown Investment Authority (DIA) has outlined a phased development strategy for the site, known as “Ford on Bay.” The initial focus is on the western portion of the property, with plans for:
- Restaurants and Nightlife: Establishing venues that enhance the riverwalk experience and attract both residents and visitors.
- Public-Facing Uses: Incorporating spaces that encourage community engagement and activity along the waterfront.
To move forward, the DIA plans to issue a Notice of Disposition by the end of the month to solicit qualified developers for the western portion. Responses are expected by March, with the eastern portion targeted for a separate solicitation in late 2026. This phased approach aims to maintain flexibility while ensuring high-quality outcomes that enhance downtown’s appeal as a destination.
Background Context
The former Duval County Courthouse was demolished in 2019, leaving the prime riverfront property vacant for nearly seven years. During this period, various development proposals have been considered, but none have materialized. The city’s latest initiative seeks to attract developers and activate the site, aligning with ongoing efforts to revitalize downtown Jacksonville and stimulate economic growth in the area.
Key Features of the Bay Street Courthouse Redevelopment
| Feature | Description |
|---|---|
| Location | 330 E. Bay St., Jacksonville, Florida |
| Former Structure | Duval County Courthouse |
| Vacancy Duration | Nearly seven years since demolition in 2019 |
| Incentive Package | $30 million, including a 75% property tax refund over 20 years and a $9.6 million completion grant |
| Development Focus | Restaurants, nightlife venues, and public-facing spaces along the riverwalk |
| Solicitation Timeline | Notice of Disposition by end of January; responses due by March; eastern portion solicitation in late 2026 |
Frequently Asked Questions (FAQ)
What is the purpose of the $30 million incentive package approved by the Jacksonville City Council?
The incentive package aims to attract private investment and stimulate development on the long-vacant riverfront property at 330 E. Bay St., the former site of the Duval County Courthouse, by offering financial incentives to developers.
What does the Recapture Enhanced Value (REV) Grant entail?
The REV Grant provides a 75% property tax refund over 20 years, capped at $26.77 million, to offset development costs and encourage private investment in the project.
What is the Completion Grant, and how does it support the project?
The Completion Grant is a lump sum payment of $9.6 million made upon the project’s completion, intended to support the final stages of development and ensure the project’s successful realization.
What are the planned developments for the western portion of the Ford on Bay site?
The initial focus is on establishing restaurants, nightlife venues, and public-facing spaces that enhance the riverwalk experience and attract both residents and visitors to the area.
What is the timeline for selecting a developer for the western portion of the site?
The Downtown Investment Authority plans to issue a Notice of Disposition by the end of the month to solicit qualified developers, with responses due by March. The eastern portion of the site is targeted for a separate solicitation in late 2026.
Deeper Dive: News & Info About This Topic
HERE Resources
Jacksonville’s Shipyards Project Set for Major Revitalization
Amkin Hill Street LLC Explores Office-Warehouse Redevelopment in Jacksonville
South Florida’s Culinary and Retail Scene Expands with New Openings
New Restaurant Opens in Downtown Jacksonville
Gateway Jax Expands Development into Springfield
Author: STAFF HERE JACKSONVILLE WRITER
The JACKSONVILLE STAFF WRITER represents the experienced team at HEREJacksonville.com, your go-to source for actionable local news and information in Jacksonville, Duval County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Jacksonville Jazz Festival, Riverside Arts Market, and World of Nations Celebration. Our coverage extends to key organizations like the Jacksonville Chamber of Commerce and JAXUSA Partnership, plus leading businesses in logistics, healthcare, and entertainment that power the local economy such as CSX Corporation, Baptist Health, and VyStar Credit Union. As part of the broader HERE network, including HEREOrlando.com, HEREStPetersburg.com, HERETallahassee.com, and HERETampa.com, we provide comprehensive, credible insights into Florida's dynamic landscape.
