Dear OurJax Members,
Yesterday the Jacksonville Jaguars announced the organization’s plans for the Jacksonville Shipyards development, renovation of TIAA Bank Field, and an expansion of the football complex. The Jaguars also said that as part of the development plan, the team will adopt Metropolitan Park, spending $200,000 annually for 20 years on the park’s renovation and revitalization for special events and daily public use.
OurJax sees ample evidence already the Jaguars are handling this development proposal differently than Lot J, which failed in large part because of a lack of transparency, and avoidance of city policies and taxpayer protections. Prior to the Thursday announcement, team executives have been meeting with civic, business, political and community leaders to discuss the development plan.
In addition, the Jaguars said in their announcement that the proposal is already going through review by the Downtown Investment Authority (DIA) and plans will also be reviewed by the Downtown Design Review Board.
The Jaguars said they will also submit materials that include full disclosure of all market and resiliency studies, construction cost estimates, operating projections, and developer IRR calculations. This is a major departure from Lot J.
The City Council will make the ultimate decision on funding for the Shipyards development and stadium renovation. OurJax is very encouraged the Jaguars are fully committed to an open public process. We urge the organization to continue on this positive path.
Click on this link to read the Florida Times-Union story on the Thursday announcement.
Thank you for believing in Jacksonville!