The Downtown Investment Authority board of directors will consider a resolution Aug. 19 to allow Iguana Investments Florida LLC to conduct environmental testing at Metropolitan Park.
WJCT News partner the Jacksonville Daily Record reports the resolution states the testing may be performed “in anticipation of preparing an offer” to acquire the property.
Iguana Investments, led by Jacksonville Jaguars owner Shad Khan, plans to develop the adjacent Shipyards property near TIAA Bank Field.
Metropolitan Park, at 1410 Gator Bowl Blvd., is the subject of an ordinance expected to be withdrawn from City Council on Aug. 18. The ordinance, if enacted, would refund $1.725 million of federal grant money to avoid the city having to provide a replacement for Metropolitan Park.
City officials wanted to return the unused National Park Service grant money it received in 1981 through the Florida Department of Environmental Protection.
Read the rest of this story at JaxDailyRecord.com.
