The Downtown Investment Authority is set to adopt new land-use rules that would allow apartment and hotel developers to break ground faster.
Downtown projects are governed by the Consolidated Downtown Development of Regional Impact, a rigid set of guidelines that caps types of development. The state has already abandoned its version, DIA CEO Lori Boyer told the Business Journal, and the DIA is about a year away from doing away with Jacksonville's. In the meantime, the DIA is set to adopt revisions to the rules in its Oct. 16 meeting.
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