New Markets Tax Credit Coalition

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  • Jacksonville,
  • FL
  • (2022)

College Park

District: John Rutherford (R-FL05)

The $18 million rejuvenation of a shopping center creates over 100 jobs in Jacksonville, FL

Investment

  • NMTC Amount: $15,000,000
  • Total Project Cost: $18,154,910

IMPACT

  • 96 FTE jobs
  • 50 construction jobs
  • The expected impact on the racial equity on the College Park project is threefold - job creation, blight removal and healthy foods. The project and the new anchor tenant have committed to hiring community based LIP for the new jobs to be created by this p
  • 183,421 sq. ft. of real estate

CDEs

,

Investor

Project Description

RBC and LISC provided $15 million in NMTC financing toward the $18 million rejuvenation of a shopping center. The project addresses community needs identified in Jacksonville’s Renew Arlington Community plan.

A second phase of the project will involve the development of housing and a food court with alternative financing.

External Profile

MAP

Address: 903 University Boulevard North, Jacksonville, FL 32211

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