The preliminary scope of financing would have the city shoulder $536 million of the cost for infrastructure, riverfront parks, the riverwalk, marina improvements and the proposal s Exhibition, Entertainment and Technology Center that Akins envisions rising up behind the Hyatt Regency Riverfront Hotel.
A key to Southeast Development s approach is it would have a master developer for parcels of city-owned land that the Downtown Investment Authority has been marketing separately up to this point. I m a big believer in master plans and I think that the type of development that we need to see on the Northbank, particularly in what is essentially the face of Jacksonville, needs to be addressed in a master plan, Atkins said. I think that s critical.