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Shipyards plan passes more hurdles as city council prepares for final vote

Shipyards plan passes more hurdles as city council prepares for final vote
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City lawmakers encouraged by Shipyards proposal | Jax Daily Record | Jacksonville Daily Record

Debate on Jaguars owner Shad Khan’s latest plan could begin in late June.

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Jaguars Shad Khan finds new allies on downtown development

The latest development proposal from Jaguars owner Shad Khan is, on paper, one with far more appeal and fewer costly taxpayer incentives

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Apartments planned for former Regal Cinemas on Beach Boulevard | Jax Daily Record | Jacksonville Daily Record

The City Council approved a bill 18-0 on April 13 to rezone the former Regal Cinemas property on Beach Boulevard to allow for multifamily development. A JEA Service Availability letter dated Oct. 21 from PG Investco LLC states it wants to build a 350-unit community called Presidium Beach Blvd. A JEA report for March 30 said the number of units is 400. Attorney Paul Harden is listed as the applicant. The rezoning application seeks to rezone the property at 14051 Beach Blvd. from commercial community general to high-density residential. A Regal Cinemas spokesperson could not be reached about when the theater closed, but the location no longer is listed on the company website.

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Core Lot J incentives intact as bill moves toward final City Council vote | Jax Daily Record | Jacksonville Daily Record

05:20 AM EST Share Efforts by President Tommy Hazouri and others fell short to reduce the taxpayer investment in Shad Khan’s $450 million development. A City Council Committee of the Whole spent nearly 10 hours Jan. 7 making changes to the bill authorizing a $245.3 million taxpayer-backed incentives package for Jacksonville Jaguars owner Shad Khan’s proposed Lot J development, but the core package remains unchanged. When the $450 million public-private partnership between the city, Khan’s company Gecko Investments LLC and development partner The Cordish Companies heads to the full Council Jan 12 for a final vote, it will have a city-backed $65.5 million “breadbox” loan and no financial clawback provisions.

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