JaxPoliticsOnline.com

Observations and musings on Jacksonville Politics

$40 Million Later…

After two failed developments that have cost the City of Jacksonville upwards of $40 million, the Shipyards development is now delinquent on nearly $500,000 in property taxes, according to News4Jax.  The Jacksonville Business Journal is now reporting that the City is initiating foreclosure proceedings against the developer.    

We may be facing a budget crisis in Jacksonville, but we have to wonder how much of that we brought on ourselves…

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Filed under: Jacksonville, Jacksonville City Council, Mayor of Jacksonville,

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