On Monday, the Jaguars and the city of Jacksonville once again rolled out a shiny new presentation for a potential downtown revitalization project. Stop me if you've heard this before. While this is far from the first time that Shad Khan and company have met with media to present a plan for bringing Jacksonville's downtown into the 21st century, it does seem like there's momentum behind this particular project.
The Jaguars, with help from the city, and the Cordish Companies, are planning to build a multi-use entertainment complex on the current site of Lot J.
The plan includes:
- Two residential buildings with 400 for-rent residences
- A 150-200 room hotel
- 75,000 square feet of street-level retail
- 40,000 square feet of Class-A office space
- A 750 space surface parking lot, and two 350 space parking garages
- A 100,000 square foot entertainment center (multiple bars, restaurants)
Mayor Curry said the project would create 2,300 temporary construction jobs and one thousand permanent jobs. He claims the estimated economic impact of the new project is $100 million per year.
If approved, the city would contribute $152.7 million.
If Jacksonville City Council approves the proposed plan, Jaguars' President Mark Lamping believes construction could begin in early 2021 and would take about 36 months to complete.
Here are the latest renderings:
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