A Conversation with the Jacksonville Urban League and the NAACP
LISC Jacksonville
What does LISC stand for?
LOCAL – LISC Jacksonville is dedicated to transforming local neighborhoods into healthy and sustainable communities of choice and opportunity – good places to live, work, do business, and raise a family.
INITIATIVES – We fund initiatives and projects that promote neighborhood revitalization, family wealth creation, and community advocacy.
SUPPORT – We support families, businesses, and organizations in Duval County by providing tools, resources, and funding.
CORPORATION – LISC Jacksonville one of 38 local offices of the national Local Initiatives Support Corporation (LISC), the largest community development organization in the United States.
 | Learn More about LISC JacksonvilleWATCH FULL VIDEO |
Downtown Revitalization: What is happening and how you can profit from it
Downtown updates bring new potential for locals, property investors, and businesses
- By Gregg Cohen | Co-Founder, JWB Companies
- | 12:15 a.m. December 9, 2022
Jacksonville is on the verge of a major transformation right now and JWB Real Estate Capital has become a major player. With new construction comes new potential, and whether you’re a local company owner, property investor, or just a Jacksonville resident, it’s vital to understand why downtown’s development is so crucial to the city as a whole.
Imagine a vibrant, populated downtown Jacksonville
When a new prospective firm is looking for a place to establish their corporate headquarters, they will consider the housing options for their employees. If the downtown region has a low cost of living, offers many services, and is accessible via public transportation systems, it will play an important role in their overall selection of Jacksonville as a relocation site. When this occurs, our city’s population and revenue expand tremendously, and raises median incomes for the whole community.
What we have learned from other successful downtown revitalizations, like Nashville and Charlotte, is that they tend to follow a similar path. Here are the 5 phases:
Phase 1: Public and private support comes together to put a focus on increasing the number of people living and working downtown.
Phase 2: City governments provide developers with incentive packages in order to make the project of renovating vacant buildings economically viable. Pioneering developers with a long-term investing horizon take on the risk associated – with relatively low immediate returns – in order to get in on the ground floor of the revitalization.
Phase 3: The number of people living in the city grows as these projects are completed, and the amenities available to them (restaurants, bars, music clubs, etc.) also grow.
Phase 4: As the population rises, demand for housing grows, which leads to higher rents. More investors become attracted to downtown without the need for incentive packages.
Phase 5: Downtown becomes a destination. Employers and residents view living and working downtown as an amenity, median incomes rise, rent prices and home prices in surrounding neighborhoods increase dramatically as real estate in and around downtown becomes much more valuable.
The city of Jacksonville is now in stages 3 and 4. The Downtown Investment Authority’s decision to approve incentive packages for the downtown area has helped stimulate activity in the development community, with JWB among them. According to the 2021 State of Downtown Jacksonville report, we currently have $4.7 billion in the downtown development pipeline. In 2014, that number was only $885 million. That represents a 431% increase in activity in just seven years, while downtown residents have increased 40% over the last five years and now tops 7,500.
SPRINGFIELD PRESERVATION AND REVITALIZATION
SPAR COUNCIL WORKS TO PRESERVE AND BUILD COMMUNITY IN THE SPRINGFIELD HISTORIC DISTRICT.
SPAR, a 501c3 tax-exempt non-profit organization, has served as a resource and advocate for our community since 1974. We facilitate improvements in quality-of-life and work to preserve the unique character of our neighborhood, engaging with city leaders and law makers, hosting popular public events, and helping residents directly.
See a cause that’s near and dear to you?
Then get involved. We’d love your help.
https://cdn.embedly.com/widgets/media.html?src=https%3A%2F%2Fwww.youtube.com%2Fembed%2F4gg3G1Ag0_o%3Fstart%3D4%26wmode%3Dtransparent%26feature%3Doembed%26start%3D4&wmode=transparent&display_name=YouTube&url=https%3A%2F%2Fwww.youtube.com%2Fwatch%3Fv%3D4gg3G1Ag0_o&image=https%3A%2F%2Fi.ytimg.com%2Fvi%2F4gg3G1Ag0_o%2Fhqdefault.jpg&key=e23856ccc1f011e0b5e44040d3dc5c07&type=text%2Fhtml&schema=youtube
A COPY OF THE OFFICIAL REGISTRATION AND FINANCIAL INFORMATION MAY BE OBTAINED FROM THE DIVISION OF CONSUMER SERVICES BY CALLING TOLL-FREE 1-800-HELP-FLA (435-7352) OR ONLINE AT WWW.FDACS.GOV. REGISTRATION DOES NOT IMPLY ENDORSEMENT, APPROVAL, OR RECOMMENDATION BY THE STATE. REGISTRATION #: CH12588
This entrance is unbelievable. The splendid substance displays the distributer’s dedication. I’m overwhelmed and anticipate more such astonishing sections.
This asset is fabulous. The radiant data reveals the publisher’s interest. I’m dumbfounded and anticipate further such astonishing presents.
I do believe all the ideas youve presented for your post They are really convincing and will certainly work Nonetheless the posts are too short for novices May just you please lengthen them a little from subsequent time Thanks for the post
Your blog is a testament to your dedication to your craft. Your commitment to excellence is evident in every aspect of your writing. Thank you for being such a positive influence in the online community.
Hello Neat post Theres an issue together with your site in internet explorer would check this IE still is the marketplace chief and a large element of other folks will leave out your magnificent writing due to this problem
I do believe all the ideas youve presented for your post They are really convincing and will certainly work Nonetheless the posts are too short for novices May just you please lengthen them a little from subsequent time Thanks for the post
O que eu não entendo é na verdade como você não é realmente muito mais querido do que é agora Você é muito inteligente Você sabe, portanto, significativamente no caso deste tópico que me produziu individualmente, imagine-o de vários ângulos diferentes É como homens e mulheres não pareça fascinado até que seja algo a ver com Mulher gaga Suas próprias coisas são legais Todo o tempo cuide disso
Site maravilhoso Muitas informações úteis aqui Estou enviando para alguns amigos e também compartilhando deliciosos E obviamente graças ao seu esforço
of course like your website but you have to check the spelling on several of your posts A number of them are rife with spelling issues and I in finding it very troublesome to inform the reality on the other hand I will certainly come back again
I loved as much as youll receive carried out right here The sketch is attractive your authored material stylish nonetheless you command get bought an nervousness over that you wish be delivering the following unwell unquestionably come more formerly again as exactly the same nearly a lot often inside case you shield this hike
Its like you read my mind You appear to know so much about this like you wrote the book in it or something I think that you can do with a few pics to drive the message home a little bit but other than that this is fantastic blog A great read Ill certainly be back
Wow amazing blog layout How long have you been blogging for you made blogging look easy The overall look of your web site is magnificent as well as the content
I loved as much as you will receive carried out right here The sketch is attractive your authored material stylish nonetheless you command get got an impatience over that you wish be delivering the following unwell unquestionably come more formerly again since exactly the same nearly a lot often inside case you shield this hike