The City of Jacksonville approved Ordinance 2024-0322, authorizing the purchase and sale agreement between the City and Jacksonville University, Inc. This agreement facilitates the sale of approximately 11.23 acres of land, situated south of Merril Road and west of Kelly Road, to Jacksonville University. The land is designated for the development of a Life Sciences research park. This initiative aims to foster growth in the life sciences sector within the region, promoting research, innovation, and economic development. The legislative process involved a public hearing and subsequent approval by the City Council. The land is being sold for $1,234,000.