Jacksonville Jaguars owner Shad Khan’s bid moved forward Tuesday to buy, rather than lease, land from the city for a six-story Class A office building as part of its $370 million Four Seasons Hotel-anchored project.
The Downtown Investment Authority board voted 6-0 to issue a 30-day notice of disposition for the property before staff completes negotiations with Khan’s Iguana Investments Florida LLC, the Jaguars real estate arm, for the purchase.
Board members Craig Gibbs and Stephanie Burch were absent for the vote.
Read the rest of this story at WJCT News partner the Jacksonville Daily Record.