JTA Announces New Plans for Skyway

The Jacksonville Transportation Authority (JTA) recently announced a long anticipated plan (preliminary) for the Skyway, an automated/elevated monorail system that runs to and from 8 stations in the CBD, on both the South and North-banks of the river. JTA has taken a lot of criticism in recent years over the Skyway project, and the number of riders got so low that the city waived the cost to ride the monorail, in an effort to try to boost its use. JTA hopes to finalize the project, including securing funding for the construction by this time next year. The plans outlined by JTA show a major expansion of the rail line, to expand to new locations on both sides of the river, including:

  • Brooklyn area where several hundred new apartments have been built
  • The site of proposed development on the Southbank called “The District” (formerly Healthy Town)
  • The location of the proposed “Shipyards” development, And
  • EverBank Field

Jensen Werley covered the announcement for the Jacksonville Business Journal.

About Ernie Saltmarsh

Ernie works for Colliers International in the Northeast Florida Investment Services Group. The team includes Robert Selton, Scott Rogers, Ernie Saltmarsh and Adrienne Miller. Ernie works with buyers who are looking to invest in commercial real estate and sellers who are looking to dispose of investment assets. Ernie's background in research, marketing and finance provide the vital skills necessary to serve his clients.

Posted on December 14, 2015, in Development, Downtown, General CRE News/Reports, Hotel-Restaurant-Tourism, JAX Business Journal, JAX Market Info, Port/Infrastructure, Uncategorized and tagged , , , . Bookmark the permalink. Leave a comment.

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