New Markets Tax Credit Coalition
But for the NMTC, we would not have been able to make a multimillion dollar investment in downtown Jacksonville. We were one of the only landlords to embark on adaptive reuse at the time in downtown. I do believe that in the next several years we will see if it was successful in catalyzing more investment in downtown.
The Jessie Ball duPont Center provides nonprofit office space, community meeting space, and individual / group co-working space in downtown Jacksonville. With NMTC financing, the Center renovated a historic library into a new 129,000 sq-foot facility that is LEED certified and incorporates many green features. The project was a catalyst for reinvestment in this downtown city core, which had been stagnant for years.
Address: 122 North Ocean Street, Jacksonville, Fl 32202
Census Tract: 12031017200
The project will be turned into an entrepreneurship center operated by the borrower that provides temporary co-working and events space, a shared commercial kitchen, and workforce development consulting and training