The Rules Amendment was moved and seconded. Ms. Reber explained the amendment. The amendment passed unanimously.

Neighborhoods, Community Services, Public Health and Safety Committee · 2026-09-14 · agenda_item

The City of Jacksonville is reviewing a proposed amendment to a REV grant for a project involving one of three buildings along the Arlington Expressway. The developer, Steve Diebenow, is seeking to increase the REV grant from $1 million to $1.5 million for a $20 million project, with the actual cost now estimated at about $28 million. The first building contains about 95 units, and the developer plans to renovate the other two buildings and construct an additional 400 units, though those are on hold due to high interest rates, labor, and material costs. The project is currently under review by the Neighborhoods, Community Services, Public Health and Safety Committee, with the amendment having passed unanimously. The scope of work includes completing the first building, renovating the other buildings, and developing an amenities center for the entire property. The developer has moved to the property to manage it, showing commitment to the project. Local contractors, suppliers, and service providers in construction, renovation, and amenities development could compete for work, and reaching out early before final approvals and bids are settled is advantageous.

REV grant amount

1.5 million dollars

Project cost

20 million dollars

Actual cost

28 million dollars

Units in first building

95 units

Additional units planned

400 units

ROI

1.34