Orlando Magic seek incentives for downtown development

ORLANDO, Fla. — Editor’s note: This story is available as a result of a content partnership between WFTV and the Orlando Business Journal.

Orlando Magic’s Sports + Entertainment District has lined up incentives from the city tied to the $500 million project.

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The 900,000-square-foot, mixed-use project will go up for incentives and its development agreement before the city of Orlando Community Redevelopment Agency during the April 22 Orlando City Council meeting.

The district — set to be built on roughly 8.5 vacant acres north of the city of Orlando-owned Kia Center — is a joint venture of Orlando SED Partners LLC, made up of Magic’s SED Development LLC, San Francisco-based JMA Ventures LLC and Houston-based Machete Group.

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Click here to read the full story on the Orlando Business Journal’s website.

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