The city is seeking to offer a $4.6 million incentive for the proposed Jacksonville Surf Park after its developer, Aventuur Inc., said new cost estimates have put the overall project in jeopardy.
The 5.5-acre park, part of a larger, 45-acre space, is planned in the eTown development in South Jacksonville. It has an estimated capital investment of $100 million.
The city Office of Economic Development said in a memo that Aventuur told it that original construction cost projections have grown by over 20% based on results of geotechnical studies performed on the project site…