The city of Jacksonville has "agreed to undisclosed terms of a development deal" with Jaguars Owner Shad Khan to build a $450M "mixed-use project on the Lot J parking area next to TIAA Bank Stadium," according to a front-page piece by Christopher Hong of the FLORIDA TIMES-UNION. Jacksonville Mayor Lenny Curry said the city will be a “financial partner” in the project. Khan and City Hall have been "discussing the development" since at least '17. The plan for the development includes an "entertainment venue surrounded by restaurants, a 200-bed boutique hotel and a 300-unit residential tower." It would also "include one office building" (FLORIDA TIMES-UNION, 8/1). In Jacksonville, Mike Mendenhall notes the development's Live Arena will be "modeled after a similar multilevel entertainment, food and drink venue" in the K.C. Power & Light District. That project is by The Cordish Cos., which is working with Iguana Investments Florida on Lot J. Jaguars President Mark Lamping in April said that Cordish has "agreed to operate the Live Arena at Lot J." A hotel operator already is "secured for the 200-room boutique hotel" (JACKSONVILLE DAILY RECORD, 8/1).
