"... With many needs and limited resources, our budget makes investments into projects with the largest ROI. Jacksonville has the lowest taxes of any major Florida city by far – and we want to keep it that way. It also means we need to bring new revenue into our community. That’s why we are so focused on developing and creating the ignition point that will allow Jacksonville to take off – and take our place as one of the greatest cities in America.
One of those catalytic projects is the downtown riverfront. It was the spark that made Tampa’s downtown ignite, and it will do the same for Jacksonville. We are investing in the Metropolitan Park Marina Fire Station, Museum and Dock; the new Museum of Science and History; and marina, bulkhead, dock, and lighting work along the North and Southbank. The CIP now also includes the funding negotiated with the Jaguars to complete Riverfront Plaza, Shipyards West Park and Metropolitan Park.
Another revenue generator is the attraction of more high-profile events and that requires world class facilities. An additional $25 million will go to city venues, including the Ritz Theatre, 121 Financial Ballpark, and VyStar Veterans Memorial Arena. Jacksonville has had a history of not taking care of our venue assets, and so the 5-year CIP now includes additional capital funding to provide ongoing repairs, maintenance, and improvements..."
To watch the mayor’s budget address, visit: youtu.be/vWagsntKCNM