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DIA approves $114 million deal for Jaguars' Four Seasons-anchored project | Jax Daily Record | Jacksonville Daily Record


04:39 PM EST
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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.  ....

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DIA board approves $1 million increase in Southbank apartment incentives | Jax Daily Record | Jacksonville Daily Record


The Downtown Investment Authority board voted 8-0 on April 21 to add $1 million to the tax incentive cap for a Miami-based developer’s proposed RD River City Brewery apartments Downtown.
The vote will increase Related Group’s requested Recapture Enhanced Value Grant from $11.9 million to $12.99 million for a 327-unit multifamily project on the Southbank now estimated at $99.16 million
DIA staff said design changes by the Downtown Development Review Board and the increased cost of materials increased the project price by $6.84 million. 
The larger tax refund would bring the city’s total investment in the proposed Southbank apartments to $18,274,679, including grants, site infrastructure and marina improvements, according to a DIA staff report. ....

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