Now that Jacksonville Jaguars owner Shad Khan is “pulling the plug” on Lot J, team President Mark Lamping says Khan wants to advance his $535 million plan to redevelop Metropolitan Park and the Shipyards.
Draft documents from the Downtown Investment Authority show the city plans to spend up to $300,000 to solicit designs for a minimum 4.5-acre riverfront “park/plaza” at the former Jacksonville Landing site.
The Downtown Investment Authority wants to secure designs for a minimum 4.5-acre public park at the former Jacksonville Landing site before putting the remaining property on the market for development.
Jacksonville Jaguars President Mark Lamping told the Downtown Investment Authority Strategic Implementation Committee on Nov. 12 that Jaguars owner Shad Khan plans to build and own a Four Seasons hotel at what is now Metropolitan Park in Downtown Jacksonville.
The city’s proposed $218 million incentives package for the Jacksonville Jaguars and its project partners to develop Lot J includes a $65.5 million, interest-free loan that would be repaid after 50 years.
The Jacksonville City Council will consider approving a lease and redevelopment agreement between the city and REVA Development Corp. for the Armory Building and an adjacent 3-acre site at its Sept. 22 meeting.
Capt. Sandy Yawn, a star of Bravo TV's Below Deck Mediterranean series, is moving forward with plans to open a new Downtown Jacksonville restaurant and rooftop bar by announcing a name, website and renovation timeline.