Jacoby Development In The News
Jacoby Development is one of the country’s most prestigious mixed-use development firms. Follow recent news articles featuring Jacoby Development’s progression and upcoming developments in the media.
Jacoby Closes Mill site deal
Jul 1, 2021, by Jill Helton, Tribune and Georgian.
Developer Jim Jacoby visited St. Marys on Wednesday to accept the keys to the Cumberland Inlet property, formerly known as Gilman Paper Company, and officially open a new chapter for the storied waterfront property. During a ceremony Wednesday at the old mill property, the Camden County Joint Development Authority announced Jacoby Development had closed on the property.
JDA Approves $10M bond issue for project
Jun 3, 2021, by Jill Helton, Tribune and Georgian.
Cumberland Inlet, a proposed mixed use development on the former paper mill site in St. Marys, saw some major progress this week with the approval of a $10 million bond issue by the Camden County Joint Development Authority(JDA). The developer — Jacoby Development Inc. (JDI) — will be required to pay the county back for the use of those funds, but JDA members expect that to be a relatively small portion of what they receive in return.
St. Marys approves development Agreement for mill site
July 23, 2020, by Johna Strickland Rush, Tribune and Georgian.
After 15 years of failed possibilities, the proposed marine center on the old paper mill site in St. Marys took another step toward reality earlier this month when St. Marys City Council signed the development agreement. Council approved a bond agreement for the project this week too. “I think it’s a long, hard road that we have taken to get to the point where we have something that we will all be really proud of in the next few years as it comes to completion,” Mayor John Morrissey said before the vote.
Bonds OK'd for Mill Project
July 23, 2020, by Jill Helton, Tribune and Georgian.
The Camden County Joint Development Authority (JDA) board approved a bonding resolution on July 16 that will be used to help fund the multi-million-dollar Cumberland Inlet development on the former paper mill site in St. Marys. Jacoby Development hopes to close on its real estate transaction for the 700-acre site by late August or early September.
