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Downtown Investment Authority fights for money

DIA has sent a resolution back to council urging them to keep its money in place. (Stephanie Brown/WOKV)
DIA has sent a resolution back to council urging them to keep its money in place. (Stephanie Brown/WOKV)
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Updated: 8/21/2013 9:29 pm
JACKSONVILLE, Fla. (WOKV) -- Jacksonville's Downtown Investment Authority is not done fighting for its money.

It was expecting to have $9 million and with that they were looking to invest in projects like the Laura Street Trio and Bostwick Building but just about a week ago the city council started to move to reclaim that money to help fill the more than $60 million budget hole.

Now the DIA has sent a resolution back to council urging them to keep that money in place.

Board Chairman Oliver Barakat tells Action News without that money they will have little opportunity to attract big business to downtown and invest in boosting properties like the Shipyards.

However, he says the resolution may not be enough to actually change the council's mind.
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