Citizens Property Insurance Corp.’s Board of Governors has approved a contract to consolidate the company’s information technology and other functions at the EverBank Center in downtown Jacksonville, Fla.
The move, which is scheduled to be completed by the end of the year, is expected to improve efficiencies and communication by bringing most Citizens employees together at a single site while reducing costs by up to $13.4 million over the 10-year lease.
The plan calls for transferring approximately 130 positions from Tallahassee and 18 from Tampa to the EverBank Center. In addition, nearly 890 employees at four existing Jacksonville offices will be transitioned to the downtown site, where Citizens will occupy about 232,000 square feet.
The EverBank proposal was chosen over a handful of other bids that were reviewed by a selection committee that made its recommendations in November. The lease cost is expected to be $41.7 million over 10 years. The contract has been approved by the Department of Management Services.
“This move will allow us to bring our key people closer together while reducing operational costs incurred by being spread out across the state,” said Citizens President, CEO and Executive Director Barry Gilway.
Once completed, Citizens will continue to maintain one location each in Jacksonville, Tallahassee and Tampa.
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