The bill establishes specific requirements for the issuance of special alcoholic beverage licenses to event centers located in the Urban Transition Area North of Park Street in Duval County. It allows the Division of Alcoholic Beverages and Tobacco to issue these licenses to event centers that can accommodate between 1,100 and 1,400 people and generate at least 51 percent of their annual gross income from ticket sales and food and nonalcoholic beverages prepared and consumed on-site. The bill defines "event center" as a facility that regularly hosts ticketed events, such as concerts and art shows, and is not primarily marketed as a food service establishment. Additionally, the Division has the authority to revoke or suspend licenses for violations of state Beverage Law and regulations.

Furthermore, the bill provides a detailed description of the boundaries for the Urban Transition Area North of Park Street, specifying the lots and measurements that define this area. The act is set to take effect immediately upon becoming law.