DIA CEO: Khan’s Shipyard Proposal Expiration Does Not Mean ‘Change In Interest Level’

Aug 20, 2020

Downtown Investment Authority CEO Lori Boyer told the DIA board Aug. 19 that although Iguana Investments Florida LLC’s proposal to develop the Shipyards property has expired, “that should not be interpreted as a change in interest level by Iguana, Mr. Khan or anyone else” to develop the property. 

WJCT News partner the Jacksonville Daily Record reported Boyer said that when Iguana Investments, led by Jacksonville Jaguars owner Shad Khan, was awarded the RFP in 2017, there was a stipulation that said it had 18 months to negotiate and enter into a term sheet and process legislation through City Council. 

That has not happened, so Boyer said the “award pursuant to that procurement has expired.” 

Boyer said if DIA wanted to pursue development with Iguana at the Shipyards property, DIA would have to issue another RFP. Iguana Investments would have to resubmit a proposal. 

Iguana Investments still is interested in developing the property.

“Since the original Shipyards proposal was submitted and approved, the plans for Lot J came online. As a result, some of the development originally planned for the western portion of the Shipyards were incorporated into the current Lot J plans,” Iguana Investments spokesman Dan Edwards said Aug. 18 in an email to the Daily Record.

Read the rest of this story at JaxDailyRecord.com.