Finance Blog number 1

May 28, 2010

Feds grant $1.3M for Cecil lake repairs

Filed under: business — Tags: , — Sun @ 5:36 am

The U.S. Department of Commerce’s Economic Development Administration has awarded Jacksonville $1.32 million in federal funding to repair Lake Fretwell.

The investment will fund repairs and expansion of Lake Fretwell, an existing storm water retention facility located at the former Cecil Field Naval Air Station. The storm water retention lake was damaged by flooding from Tropical Storm Fay in 2008.

The improvements to the lake will allow a major expansion of Cecil Commercial Park to create future jobs and attract private investment. The project will also protect residential neighborhoods downstream, prevent roadway and property flooding damage such as occurred in 2008, and stop further erosion of the lake’s levy.

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