Jacksonville City Council unanimously backs $20M in incentives for Otto Aviation at Cecil Airport

Jacksonville City Council approves $20 million incentive to draw Otto Aviation to Cecil Airport

The Fort Worth, Texas-based company has placed Northeast Florida on a short list of sites to build its Phantom 3500 corporate jet.

Jacksonville City Council unanimously backs $20M in incentives for Otto Aviation at Cecil Airport

Council approved property tax rebates to Otto Aviation for its planned construction of the manufacturing plant and relocation of its headquarters to Jacksonville.

Airplane maker tax break, Downtown board independence, air-quality study pass City Council

In addition to approving a land swap meant to pave the way for both the University of Florida’s LaVilla graduate campus and a hotel development on the Northbank riverfront  — and approving a contentiously debated measure meant to limit public spending on undocumented immigrants — the Jacksonville City Council also on Tuesday approved a tax break to an aviation startup to build their next-generation business jet in Jacksonville; authorized $450,0…