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04:39 PM EST Share Legislation for team owner Shad Khan’s $321 million proposal could go to City Council in August.
The Downtown Investment Authority voted 8-0 on July 7 to approve terms for a $114 million incentive agreement with Jacksonville Jaguars owner Shad Khan for his plan to build a Four Seasons hotel and office building at the former Kids Kampus along the Downtown riverfront.
DIA CEO Lori Boyer said she expects to file legislation in August with City Council that, if approved, would finalize the deal with Khan’s development company, Iguana Investments Florida LLC, for the estimated $321 million development south of TIAA Bank Field.
Guest column: Our last best chance for a Jacksonville riverfront for all Nancy Powell, Jimmy Orth, Natalie Rosenburg Susan Caven Ted Pappas Barbara Ketchum Michael Kirwan
Downtown Jacksonville is clearly at a defining crossroads, and we implore city leaders to recognize what is at stake: the last, best chance to create a “Riverfront for All.”
Jacksonville should follow the lead of cities that have successfully combined signature riverfront parks, connected trails and well-designed Riverwalks to attract residents, visitors, events, and developer investment, while also providing protection from sea level rise and flooding.
This proven approach will cost less and give us more, especially since the city already owns riverfront land. Riverfront parks yield returns on investment that are superior and long term. What’s more, they improve the quality of life for city-wide residents of all socio-economic groups.