Restoration Plans
In the 2000s the Laura Street Trio were recognized as some of Jacksonville's most significant – and endangered – historic buildings. In 2002, under Mayor John Delaney, the City of Jacksonville purchased all three buildings to transfer them to a developer who could restore them. Orlando developer Cameron Kuhn purchased the Laura Street Trio, as well as the nearby Barnett National Bank Building, but went bankrupt in the 2008 housing market crash before restoring them. The project subsequently sat idle. In 2010 Jacksonville investment group Atkins Group, together with the Tallahassee-based Capital City Partners, presented a new, $70 million plan to restore the Laura Street Trio and the Barnett National Bank Building, as well as construct a fifth building. In June 2011 Atkins Group requested $5 million in historic tax credits to move forward with Phase I of the project.
Read more about this topic: Laura Street Trio
Famous quotes containing the words restoration and/or plans:
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