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Council committee approves $245.3 million incentives package for Lot J development | Jax Daily Record | Jacksonville Daily Record

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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. ....

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The top newsmakers of 2020 | Jax Daily Record | Jacksonville Daily Record

Shad Khan
The Jacksonville Jaguars owner sees little success on the field, but is on the brink of a $450 million Lot J development.
Jacksonville Jaguars owner Shad Khan is ending the year with a losing 2020 season on the field but a $245.3 million taxpayer-backed investment for his proposed $450 million Lot J development on the table.
Khan’s milestone 100th loss Nov. 22 since buying the Jaguars in 2012 did not deter the 70-year-old Forbes 400 billionaire from pursuing his real estate ambitions in Downtown’s Sports and Entertainment District.
His entertainment, hotel, residential and retail Lot J project west of TIAA Bank Field with partner The Cordish Companies is up for City Council debate in early January. ....

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Steps for the Shipyards: Where the projects stand on the brink of 2021 | Jax Daily Record | Jacksonville Daily Record

For decades there have been hopes of developing the stretch of Downtown waterfront from the Berkman Plaza II to Metropolitan Park.
Now, projects from Jacksonville Jaguars owner Shad Khan and other developers are in the pipeline, including apartments, a hotel, a naval warship, a new Museum of Science & History and a Four Seasons hotel.
Nearby, the Lot J development is moving forward. Here’s a look at where those projects stand on the brink of 2021.
Berkman Plaza II site
The city has been reviewing a demolition permit application from a local development group for the unfinished riverfront high-rise.
Jacksonville Riverfront Revitalization LLC wants to raze the 18-story condominium shell and start fresh with plans to redevelop the property for mixed-use retail, a 300-unit residential component and public park space. ....

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Is Jaguars land swap done deal?

COMMENTARY | No aspect of Jaguars owner Shad Khan s development plans near TIAA Bank Field better encapsulates his mysterious, urgent-until-it s-not timeline than his proposed Four Seasons on Metropolitan Park just across the street.
Team President Mark Lamping has told city officials in recent weeks Khan is ready to begin discussing incentives for that development and has already laid out a rough series of plans and a potential ask from taxpayers: Another $126 million or so, in addition to the $240 million (up to $390 million when interest is included) taxpayers will shell out for his plans on Lot J, a parking lot next to the stadium. ....

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Several Council Members Feeling Good About Lot J Ahead of January Vote

Several Council Members Feeling Good About Lot J Ahead of January Vote
wjct.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wjct.org Daily Mail and Mail on Sunday newspapers.

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