Lot J

Lot J Development Financial Projections Still Being Calculated

Oct 21, 2020
Jacksonville Jaguars / Via Jacksonville Daily Record

Mayor Lenny Curry’s administration said Oct. 20 it is waiting on analysis from the Jacksonville Jaguars and the city Finance and Administration Department before it can produce full financial projections for the public investment in the proposed $445 million Lot J development. 

Incomplete Parking Deal Holds Up Lot J Legislation

Oct 14, 2020
Jacksonville Jaguars / Via Jacksonville Daily Record

A missing parking agreement caused City Council President Tommy Hazouri to pause introduction of legislation authorizing taxpayer funding for the Jacksonville Jaguars’ $445 million Lot J development.

Mayor Curry Wants Jacksonville To Borrow $208.3M For Lot J Development

Oct 13, 2020
Jacksonville Jaguars / Via Jacksonville Daily Record

Mayor Lenny Curry’s administration wants City Council to authorize borrowing $208.3 million of the city’s $218 million proposed investment in the Jacksonville Jaguars Lot J project.

The KISMET is pictured along the Northbank in Downtown Jacksonville in May 2020.
Bill Bortzfield / WJCT News

Jacksonville Jaguars owner Shad Khan is asking a cool $200 million for the 300-foot super yacht he bought in 2014.

City's Planned $65.5 Million Loan To Lot J Project Could Take 50 Years To Repay

Oct 7, 2020
This rendering illustrates a portion of the proposed Lot J Live! entertainment complex.
Jacksonville Jaguars / Via Jacksonville Daily Record

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.

Jacksonville Jaguars

Jacksonville Mayor Lenny Curry, the Jacksonville Jaguars, and the Cordish Companies said Monday they are planning to move forward with a project to develop Lot J next to TIAA Bank Field.

DIA To Ask National Park Service For Metropolitan Park, Shipyards Swap

Sep 14, 2020
Jacksonville Daily Record

The Downtown Investment Authority wants the National Park Service to consider trading Metropolitan Park for the city-owned Shipyards property.

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

Aug 20, 2020
Jacksonville Daily Record

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. 

Khan's Shipyards Development Deal Expires; City Seeking New Bids

Aug 19, 2020
Cordish Companies / Via Jacksonville Jaguars

Jaguars owner Shad Khan has lost the inside track to develop the long-vacant Shipyards property and could pursue a new plan that's significantly scaled back from the $500 million development that he has for years pitched as the "rebirth" of Jacksonville's downtown, said the leader the city's downtown development authority on Tuesday.

Bill Withdrawn To Reimburse Federal Grant Money For Metropolitan Park

Aug 18, 2020
Via Jacksonville Daily Record

City Council’s Finance Committee voted unanimously Aug. 18 to withdraw Ordinance 2020-0555.

Curry Administration to Withdraw Metroplitan Park Bill

Aug 11, 2020
A letter from Paul Harden to the City Council included this map showing a potential new site for Metropolitan Park west of its current location.
Via Jacksonville Daily Record

Mayor Lenny Curry’s administration will withdraw a bill that refunds $1.725 million in federal grant funding instead of finding a replacement for Metropolitan Park Downtown.

Jacksonville Mayor Lenny Curry speaking at the Lot J COVID-19 testing site alongside Gov. Ron DeSantis, Florida DEM Director Jared Moskowitz, and JSO Sheriff Mike Williams, testing sites in the backgroung, grey, cloudy skies
Sky Lebron / WJCT News

Jacksonville Mayor Lenny Curry extended his local emergency declaration for another 30 days, until at least May 13. 

Governor Ron DeSantis speaking at a podium, behind him is Jax Mayor Lenny Curry, and other officials lined up alongside the mayor, tents in the backgrond
Sky Lebron / WJCT News

Florida Governor Ron DeSantis was at the TIAA Bank Field Lot J COVID-19 testing site Friday afternoon, where he announced testing criteria will be loosened for people who are asymptomatic. 

Fire truck moving through the street, smoke in the air
Jacksonville Fire and Rescue Department

Jacksonville Mayor Lenny Curry announced a first responder with Jacksonville Fire and Rescue has tested positive for COVID-19.

BILL BORTZFIELD / WJCT NEWS

The elevated expressway next to TIAA Bank Field in Downtown Jacksonville will be closed Saturday, April 4, as the next phase of the Hart Bridge ramps' demolition gets underway.

Mayor Lenny Curry sitting and speaking into the camera
Via Zoom

Jacksonville Mayor Lenny Curry followed up on a tweet he sent last night regarding a cruise ship off the coast of Florida with passengers exhibiting COVID-19 symptoms potentially docking in the city’s port. 

Business Brief: Cordish Executive Shares New Details, Renderings Of Lot J, Shipyards

Mar 5, 2020
Jacksonville Daily Record

Jacksonville Jaguars owner Shad Khan's proposed $2.5 billion Lot J and Jacksonville Shipyards development is a starting point for two decades of development in Downtown's Sports and Entertainment District, said The Cordish Companies Chief Operating Officer Zed Smith.

BILL BORTZFIELD / WJCT NEWS

Demolition of the raised expressway that runs along Metropolitan Park to the Hart Bridge is expected to get underway soon.

Jaguars Already Planning Lot J's Phase II; Total Investment Could Hit $700 Million

Jan 24, 2020
Lot J rendering
CITY OF JACKSONVILLE / VIA JACKSONVILLE DAILY RECORD

Negotiators for Jacksonville Jaguars owner Shad Khan and the city have not drafted a final deal for his $450 million to $500 million Lot J development, but team leadership already is looking ahead to a possible Phase II.

Jaguars President Mark Lamping Discusses Future Stadium Needs

Nov 15, 2019
Jacksonville Daily Record

A quarter century after taking the field, the Jacksonville Jaguars are pursuing economic goals and facing financial and brick-and-mortar hurdles.

Lot J Developer Wants To Begin Soil, Groundwater Testing At Site

Oct 10, 2019
Bill Bortzfield / WJCT News

Preliminary site work for Jacksonville Jaguars owner Shad Khan’s proposed $450 million Lot J development could be near.

Business Brief: Jax Might Use Hotel Bed Tax To Fund Part Of Lot J Deal

Aug 2, 2019
Jacksonville Daily Record

Terms of the city’s proposed agreement with Jacksonville Jaguars owner Shad Khan to develop Lot J released Thursday include a $233.3 million package of incentives.

City of Jacksonville / Via Jacksonville Daily Record

Jacksonville Mayor Lenny Curry’s office has released the terms of a proposed deal between the city and Jacksonville I-C Parcel One Holding Company, LLC, a joint venture between Gecko Investments, LLC (an affiliate of the Jacksonville Jaguars) and The Cordish Companies.

The Cordish Companies / Via Jacksonville Jaguars

The push to develop Lot J next to TIAA Bank Field has taken another step forward.

Business Brief: JEA Spent Millions To Keep Headquarters Operating

Mar 8, 2019
exterior of JEA building
Jacksonville Daily Record

Jacksonville’s public utility spent more than $8 million the past 10 years to keep its aging Downtown headquarters campus functional.

Jaguars

As a part of the Tax Cuts and Jobs Act of 2017, Congress established a new community development program now known as Opportunity Zones to drive long-term private sector investment into low-income urban and rural communities nationwide.

Iguana Investments via the Jacksonville Jaguars

The town’s been abuzz over plans unveiled this week by Shad Khan’s company, Iguana Investments. 

Our Friday First Coast Connect Media Roundtable featured WJCT contributor Fred Matthews, Jacksonville Business Journal editor Tim Gibbons, Folio Weekly editor Claire Goforth and WJCT reporter Ryan Benk.

Issues discussed included:

Friday on First Coast Connect  our weekly Media Roundtable featured Florida Times-Union Reporter Dan Scanlan, WJCT Business Analyst John Burr, Folio Weekly Editor Claire Goforth and Beaches Leader Columnist Jon McGowan (01:06).

And a living musical legend is coming to the Florida Theatre next week. Melissa interviews the great Johnny Mathis (46:00).