Jacksonville officials are considering a $35 million incentive package to lure a new Culinary Institute of America campus to a proposed $160.5 million riverfront development.
The Jacksonville City Council’s Finance Committee has advanced Ordinance 2026-0419, signaling potential support for a $35 million public incentive package to attract the Culinary Institute of America to the city. The proposed campus would anchor a $160.5 million hotel and convention hall development planned by Corner Lot Development Group and Aspect Holdings LLC at 330 E. Bay St. on the Downtown riverfront. The project is slated to include 25,000 square feet of office space for the school, alongside a 14-story hotel tower and a 600-capacity convention hall on the 0.8-acre site.
Funding for the incentives would be drawn from a $30 million development set-aside and $8 million from the city's Community Benefits Agreement linked to the EverBank Stadium renovation. While the committee approved the measure in a 7-1 vote, the full City Council must grant final approval for the appropriation. The Culinary Institute of America has not yet made a final decision on the location for its proposed Southeastern U.S. regional campus, but local officials hope the incentive commitment will secure the project.
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