Fort Myers CRA Approves $30M Rebate; $700K for Housing
The Fort Myers Community Redevelopment Agency has awarded a $30 million tax increment rebate and approved a $700,000 purchase of land for single-family housing. The tax increment rebate was awarded to JAXI CMD LLC for The Royal Palm Hotel & Residences at 2424 Edwards Drive in the not-to-exceed amount of $30,170,000. The rebate will be…