Business Brief: Mayor Says He's 'Close To An Agreement' To Develop Lot J

Jul 12, 2019

Jacksonville Mayor Lenny Curry says he's "verbally close to an agreement" on an incentives deal for Lot J, the proposed $500 million development at TIAA Bank Field.

In an interview with WJCT News partner the Jacksonville Daily Record, the mayor said  a "comprehensive" incentives agreement with Jaguars owner Shad Khan and his Iguana Investments Florida LLC will be presented to City Council by the end of the summer.

"Clearly the big capital investment that can happen most quickly is Lot J. I'm ready to go on that," Curry said. "And that will drive what happens in the Shipyards across the street."

An updated rendering for Lot J was released in April during the Jaguars' annual State of the Franchise presentation.

"There will be four components. There will be a live arena, a 200 room boutique hotel, a residential tower with over 300 residential units and an office building," Jaguars President Mark Lamping said in April.

The Jaguars showed this site plan for the Lot J development at the State of the Franchise presentation in April.
Credit Jacksonville Jaguars

With the demolition of the former Duval County Courthouse and old City Hall Annex complete, city and DIA officials are also preparing to move forward with developing 8.3 acres at 220 and 330 E. Bay Street.

Mayor Curry also addressed the future of a wide range of topics, including the future of the Jacksonville Landing, with the Daily Record's Mike Mendenhall. His full story is on the Jax Daily Record.