Original Bill 2025-172 authorizes the City of Jacksonville to sell approximately 7.47 acres (325,487 square feet) of city-owned property located at 101 E. Union St. to North East Florida Economic Development Council (NEFEDC). The property, legally described as Part of Section 45, Township 2 South, Range 26 East, is designated for a mixed-use development, including commercial, hotel, and residential components. The sale is contingent upon the purchaser providing an economic development plan for review and approval by the City Council's Finance Committee, subject to criteria set by the Downtown Investment Authority (DIA). The bill highlights the city's intent to revitalize the area and foster economic growth through this disposition. The proposed development is expected to generate significant private investment and create jobs in the urban core. The property is currently zoned CCBD (Commercial Central Business District).