Business Brief: Khan's Shipyards-Development Bid Gets Competition

Mar 13, 2015

Burr says Khan's plan, show in this architectural rendering, is the "sexier" option despite its likely higher price tag to taxpayers.
Credit Populous

Jacksonville’s Downtown Investment Authority Board is considering two proposals for developing the vacant riverfront property known as the Shipyards. The latest—from a luxury yacht company—imposes little cost on the city, though the company is asking to purchase the land at well below market value. It's competing with a plan by Jaguars owner Shad Khan that many have called visionary.

In this Business Brief, analyst John Burr tells WJCT News Director Jessica Palombo which proposal he thinks has a better shot.