Mr. Peterson, Auditor's Office, explained the substitute. Approved 7-1 (Diamond in opposition)

Finance Committee · 2026-05-19 · agenda_item

The Finance Committee of the City of Jacksonville, Duval, is reviewing a proposal involving commercial properties. These properties are located in an area with flood risk. The city is considering using eminent domain for these commercial sites, which are mostly inactive businesses or vacant. The proposal is currently under review by the Finance Committee. This process could lead to site acquisition, potentially involving demolition, environmental assessments, and preparation for future development. Businesses involved in property acquisition, legal services, real estate services, and site preparation could find opportunities as this item moves forward. Engaging early in the process may provide an advantage before final decisions and permits are issued.