Council Approves Downtown Investment Authority

Council Approves Downtown Investment Authority

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Nine-member board will serve vital role to grow area economy

The Jacksonville City Council unanimously approved Mayor Alvin Brown's proposal to create a Downtown Investment Authority (DIA) that will focus on Jacksonville's urban center with a goal of building a more vibrant and competitive city.

"Already, there are entrepreneurs and major job creators investing in Downtown Jacksonville. The DIA will intensify the effort to direct good-paying career opportunities and economic activity to our city center," said Mayor Brown. "I thank City Council for giving such comprehensive attention to the goal of attracting new Downtown residents and visitors, increasing the value of our Downtown properties, and helping to restore economic security for all of Jacksonville."

Legislation creating the DIA (2012-364) received unanimous Council approval on Wednesday night. The Mayor and City Council will select a nine-member board of directors to oversee the DIA on an unpaid, volunteer basis.

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