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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. ....
10:10 PM EST Share The $450 million mixed-use project will next face a final vote for the Jacksonville Jaguars-led deal Jan. 12. A City Council Committee of the Whole voted 15-4 to advance a $245.3 million taxpayer-backed incentives package for Jacksonville Jaguars owner Shad Khan’s proposed Lot J entertainment and retail venue west of TIAA Bank Field. The Council’s action Jan. 7 sets up a final vote next week on the $450 million development that is a partnership between the city, Khan company Gecko Investments LLC and Baltimore, Maryland-based The Cordish Companies. The final vote for the Lot J incentives. Council members Matt Carlucci, Al Ferraro, Danny Becton and President Tommy Hazouri voted against the bill. ....