Council Committee Approves $245M Incentives Package For Lot J Project
A City Council Committee of the Whole voted 15-4 to advance a $245.3 million taxpayer-backed incentives package for Jacksonville Jaguars owner Shad Khan’s proposed Lot J entertainment and retail venue west of TIAA Bank Field.
WJCT News partner the Jacksonville Daily Record reports the Council’s action Jan. 7 sets up a final vote next week on the $450 million development that is a partnership between the city, Khan company Gecko Investments LLC and Baltimore, Maryland-based The Cordish Companies.
Council members Matt Carlucci, Al Ferraro, Danny Becton and President Tommy Hazouri voted against the bill.
If the vote count holds, the Jaguars and its development partners will have the 13 votes necessary for final passage of Ordinance 2020-0648 at the Council’s Jan. 12 meeting.
Read the rest of this story at JaxDailyRecord.com.