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Jacksonville Appropriates $39 Million for RD River City Brewery's Mixed-Use Southbank Development

  • When: 2025/09/23
  • Address: Southbank, Jacksonville, FL
  • City: Jacksonville
  • State: FL
  • Category: Economic Development Incentives
  • Asset Class: Mixed-Use
  • Size (Dollars): $39,000,000

Ordinance 2025-640 appropriates $39,000,000 to fund the City's escrow obligation under a Redevelopment Agreement with RD River City Brewery, LLC. This funding, including $36,739,324 from the Solid Waste Disposal Fund and $2,260,676 from the General Fund's ISA-Debt Management Fund, is for a mixed-use development on the Southbank. The original agreement was authorized by Ordinance 2024-748-E. The appropriation aims to avoid debt issuance for this economic development incentive and includes a carryover for the funds to fiscal year 2025-2026.

Source

Developer - RD River City Brewery, LLC