The Fort Myers Community Redevelopment Agency (CRA) announces that it has awarded a tax increment rebate to Jackson Street FTM Hotel LLC in the not-to-exceed amount of $2.460 million.
Jackson Street FTM Hotel LLC is developing Homes2 Suites hotel located at 1629 Jackson Street in downtown Fort Myers, expected to have 4-7 floors and 100-146 rooms.
The CRA’s increment rebate program is a special funding tool available to local governments to help spur economic development for projects that provide a community benefit and demonstrate a financial gap.
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