DAYTONA BEACH — The developers behind the $289 million first phase of One Daytona, an ambitious vision of shops, restaurants, hotels and apartments across the street from Daytona International Speedway, are asking for roughly $40 million in public funding from Volusia County and the city of Daytona Beach.
The wheels are in motion to provide the money, with both governments piecing together funding proposals that would help pay for new infrastructure such as roads and water lines near the aggressively expanding race track. The proposals will be discussed at City Commission and County Council meetings this week and voted on within the next few weeks.
“This next week will be the most important week for the project,” said Brian Leary, managing director for Atlanta-based Jacoby Development, which is heading up the project along with International Speedway Corp. “This is the key week for us to really form this win-win, public-private partnership.”