The City Council granted the developer of Jacksonville Surf Park a tax break of up to $4.6 million, according to our news partners at the Jacksonville Daily Record.

On Wednesday, councilmembers voted 17-0, with members Matt Carlucci and Terrance Freeman away from the dias, on Ordinance 2025-0776, which would support developer Aventuur Inc. in building the mixed-use project in South Jacksonville. The funding comes as a 10-year, 75% Recapture Enhanced Value Grant.

A REV grant is a refund on ad valorem tax revenue generated by a new development or property enhancement. It can apply to property and tangible personal property, and requires improvements to be made before the refund is provided.

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