March 28, 2024

Wednesday's Daily Pulse

What you need to know about Florida today

| 3/13/2019

› Jacksonville incentives for downtown resort hotel at Berkman II site get scrutiny
Several Jacksonville City Council members expressed concerns this week over a $36 million package of public incentives for a developer planning to build a waterfront resort hotel with games and rides — including a 200-foot tall observation wheel — at downtown’s partly-built Berkman II property in a deal that includes an unusual provision for the city to subsidize the hotel’s operation.

› An entire block of Sarasota Main Street is for sale
An entire city block on Main Street in the heart of downtown is on the market for $14 million. The 1.3-acre property on the southside of the 1700 block is currently home to three existing buildings that generate cash flow, but the location in a federally designated opportunity zone offers “significant development potential.”

› Tampa Bay's foreclosure rate was unchanged in 2018 although fewer people were seriously late on their mortgages
The foreclosure rate in the Tampa Bay area was unchanged between 2017 and 2018 despite a drop in the percentage of homes that were "seriously delinquent'' on their mortgages. According to the property data site CoreLogic, about 1 percent of all mortgaged bay area homes were in some stage of foreclosure at the end of December.

› Oceaneering renews lease for 10 years with Panama City Port
Oceaneering International Inc, will continue its work at Panama City Port for at least the next 10 years. Oceaneering and the Port Authority have reached an agreement to renew and extend the lease of Oceaneering’s on-port umbilical manufacturing facility through 2029, with additional options that could extend through 2039.

Tags: Daily Pulse

In case you missed it:

Florida Trend Video Pick

Bitter-to-swallow cocoa costs force chocolate shops to raise prices
Bitter-to-swallow cocoa costs force chocolate shops to raise prices

Central Floirda chocolate shops are left with a bitter taste as cocoa prices hit an all-time high earlier this week.

Video Picks | Viewpoints@FloridaTrend

Ballot Box

Should Congress ban the popular social media app TikTok in the U.S.?

  • Yes
  • No
  • Need more details
  • What is TikTok?
  • Other (Comment below)

See Results

Florida Trend Media Company
490 1st Ave S
St Petersburg, FL 33701
727.821.5800

© Copyright 2024 Trend Magazines Inc. All rights reserved.