Surf Park Developer Says Project In Jeopardy; City Seeks Incentives

Developer Aventuur Inc. reports that the $100 million Jacksonville Surf Park project in eTown South Jacksonville is in jeopardy after construction costs increased by over 20% due to geotechnical studies revealing challenging site conditions. The city is seeking to provide a $4.6 million, 10-year Recaptured Enhanced Value Grant to keep the 5.5-acre wave park project on track. The development is expected to create 100 permanent jobs and hundreds of construction positions, featuring a Wavegarden surfing lagoon along with retail, restaurants, and mixed-use development in the 45-acre site at Florida 9B and Interstate 295. Source: jaxdailyrecord.com