Author Topic: Khan, Jaguars expect Lot J development to begin early 2020  (Read 38206 times)

heights unknown

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Re: Khan, Jaguars expect Lot J development to begin early 2020
« Reply #315 on: October 13, 2020, 11:10:37 PM »
It gets better.

https://www.jaxdailyrecord.com/article/curry-wants-to-city-to-borrow-dollar208-3-million-for-lot-j-development
My goodness; don't know if this is getting better. Lot of money being thrown around and a lot debt to boot. We shall see how it pans out.
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Steve

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Re: Khan, Jaguars expect Lot J development to begin early 2020
« Reply #316 on: October 14, 2020, 09:56:24 AM »
Bill hits its first snag:

https://www.jaxdailyrecord.com/article/incomplete-parking-deal-holds-up-lot-j-legislation

Curry's team reminds me of the movie Casino where they put Artie Piscano in charge to make sure everything is taken care of right (in the movie, "So nobody skimmed the skim"). The problem is, just like Artie Piscano, these guys are a disaster; they could (mess) up a Cup of Coffee.

I mean, they're developing a parking lot, creating a new parking lot and two garages. Is it too much to ask to have a parking agreement as part of developing a parking lot.

Charles Hunter

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Re: Khan, Jaguars expect Lot J development to begin early 2020
« Reply #317 on: October 14, 2020, 12:51:36 PM »
Good for Hazouri.  Color me suspicious, but was the plan to bring the parking agreement to Council minutes before the meeting where they would take action on the bill?

Papa33

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Re: Khan, Jaguars expect Lot J development to begin early 2020
« Reply #318 on: October 14, 2020, 01:16:39 PM »
Good for Hazouri.  Color me suspicious, but was the plan to bring the parking agreement to Council minutes before the meeting where they would take action on the bill?
I believe your suspicions are well founded.  I think the mayor's office was trying to pull a fast one.

BridgeTroll

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Re: Khan, Jaguars expect Lot J development to begin early 2020
« Reply #319 on: October 16, 2020, 07:59:03 AM »
20 years ago the voters of Brown county Wisconsin were asked to support a half cent sales tax for stadium renovations and a "stadium district"... this is the result...

https://www.jsonline.com/story/news/2020/10/15/lambeau-field-sales-tax-still-pays-dividends-20-years-later-green-bay-packers/5817065002/
In a boat at sea one of the men began to bore a hole in the bottom of the boat. On being remonstrating with, he answered, "I am only boring under my own seat." "Yes," said his companions, "but when the sea rushes in we shall all be drowned with you."

thelakelander

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Re: Khan, Jaguars expect Lot J development to begin early 2020
« Reply #320 on: October 21, 2020, 08:52:58 AM »
"A man who views the world the same at 50 as he did at 20 has wasted 30 years of his life.” - Muhammad Ali

thelakelander

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Re: Khan, Jaguars expect Lot J development to begin early 2020
« Reply #321 on: October 21, 2020, 09:35:05 PM »
Quote
Jacksonville City Hall hasn't performed its own financial analysis of Lot J

Jacksonville City Hall has not performed an independent financial analysis of Shad Khan’s proposed Lot J mixed-use development and is instead relying on assumptions about the project’s economic benefits that have been provided by the billionaire’s development team, which is seeking as much as $233.3 million in subsidies from taxpayers.

In fact, a summary of Lot J’s estimated economic benefits provided to City Council members, which was prepared by Mayor Lenny Curry’s office and Khan’s development team, contains the same figures — and in some cases nearly the exact same words — included in a summary of an entertainment district built by one of Khan’s development partners in Arlington, Texas, which is located near the stadiums of two major league sports franchises.

https://www.jacksonville.com/story/news/local/2020/10/21/jacksonville-city-hall-hasnt-performed-financial-analysis-lot-j/6003832002/
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marcuscnelson

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Re: Khan, Jaguars expect Lot J development to begin early 2020
« Reply #322 on: October 21, 2020, 10:27:42 PM »
They really can't help themselves, can they?

They had basically all year to come up with a proposal for Lot J and they couldn't help but lie and obfuscate about what they wanted to do with a quarter billion dollars in taxpayer money. I'm shocked it's still a quarter billion dollars! I thought we were looking at a three-way $150m split. The absolute nerve of these people…
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jaxlongtimer

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Re: Khan, Jaguars expect Lot J development to begin early 2020
« Reply #323 on: October 21, 2020, 11:53:34 PM »
Shades of JEA and the faux pension fund fix.  Curry is a CPA but you would never know it they way he throws fictitious numbers around.  Either he is stupid or he is the king of deception.  I think most of us know which it is.

No ROI, no economic analysis, no construction costs, no real building plans, no promises to extend the Jag's contract to stay here, no breakdown of jobs created and for how long, numbers copied and pasted from another project, a $65 million no-interest "loan" not mentioned... no questions asked at all about a project asking $233+ million from the taxpayers!  Thanks Mayor for NOT watching out for the City you lead, once again.  Just like your hand picked JEA board didn't ask any questions of your handpicked CEO Zahn or his billion dollar plan to rip off the taxpayers.  Just like you mortgaged future taxpayers at much greater costs so you could kick the can down the road on the pension to free up big dollars to give to your select "friends."

Fact is Curry only represents himself and those few who give big $$$ to his campaign.  If anyone on the City Council votes for this project the way it is currently presented, they should be voted out of office.  Let's see if the Council is back under Curry's thumb (not looking good when 13 appear with Khan and Curry to support Lot J when it turns out they have zero to go on other than visiting Khan on his yacht) after distancing during the JEA scandal.  I note that 3 Council members voted against issuing a subpoena this week for Tim Baker for the Council's investigation while 5 who have spoken against a subpoena for Baker previously used his services.* 

City Hall isn't just crooked nowadays, it's blatantly crooked.  Shame on the voters for being asleep at the wheel.

https://www.jaxdailyrecord.com/article/council-committee-votes-4-3-to-subpoena-tim-baker-in-jea-probe


*Partial excerpt with emphasis added:

Quote
...Committee Chair Brenda Priestly Jackson and members Matt Carlucci, Randy DeFoor and Garrett Dennis voted in favor of subpoenaing Baker and his businesses. Micheal Boylan, Ju’Coby Pittman and Sam Newby voted against the move....

....Five of the six Council members who hired Data Targeting Research between May 2017 and May 2019 to work on their election campaigns spoke against the subpoenas during the meeting.

Council members LeAnna Cumber, Terrance Freeman, Randy White, Ron Salem and Rory Diamond used Baker’s company for campaign services, according to filings with the Duval County Supervisor of Elections.

DeFoor also hired Baker’s company but has become a vocal critic of his involvement in the push to privatize JEA.

She, along with Scott Wilson and Priestly Jackson, serves on the Special Investigatory Committee leading the Council probe. Diamond was a committee chair but resigned in September.

He urged the committee to vote against the subpoena Oct. 20. He wants the seven-month investigation to end and the Investigatory Committee to issue its final report.

Council member Reggie Gaffney argued the investigation shows Baker is a “good business person” and was “just trying to make a living.”

Cumber and Council member Aaron Bowman said that the investigative committee’s authority to subpoena doesn’t extend beyond what’s needed to make legislative changes to ensure problems with JEA’s ITN don’t happen again....

thelakelander

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Re: Khan, Jaguars expect Lot J development to begin early 2020
« Reply #324 on: October 22, 2020, 08:58:33 PM »
Quote
A financial impact analysis of the $445 million Lot J development commissioned by the Jacksonville Jaguars shows additional retail space and assumes $402.2 million in tax revenue over 30 years.

The Jaguars and the city released the analysis Oct. 22 after City Council Auditor Kim Taylor told the Finance Committee on Oct. 20 that the mayor’s office had not provided complete financial projections to her office.

The report is from Chicago-based C.H. Johnson Consulting Inc., contracted by the Jaguars’ development team.

Full article: https://www.jaxdailyrecord.com/article/curry-releases-lot-j-financial-analysis-commissioned-by-the-jaguars
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Ken_FSU

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Re: Khan, Jaguars expect Lot J development to begin early 2020
« Reply #325 on: October 29, 2020, 01:19:10 PM »
City Council Town Hall tonight with the Jags and general public to discuss Lot J.

Should be feisty.

https://www.coj.net/city-council/events/all-events/council-member-public-meeting-lot-j-(1)


Ken_FSU

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Re: Khan, Jaguars expect Lot J development to begin early 2020
« Reply #326 on: October 29, 2020, 01:45:53 PM »
P.S. Curious what you guys think of:

1) Should City Council approve this project?
2) Will City Council approve this project?

With the qualifier that the optics couldn't have possibly been handled any worse by all parties involved - the mayor's office, City Council, and the Jags - and the qualifier that I fully recognize that the deal is more lopsided than it should be, I think we need to pull the trigger on it. The Jags are too important to the city to play a game of chicken with a billionaire. Earn some goodwill, get the Jags further invested in/anchored in Jacksonville, and save the hardball for the stadium/Shipyards negotiations.

I'm less confident that City Council is going to approve it than I was two or three weeks ago. I could see them asking for certain things only for negotiations to go dark for another year or two. Ultimately though, I think it gets approved under the condition that we bond another $40-$100 million for other long-promised infrastructure projects.

heights unknown

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Re: Khan, Jaguars expect Lot J development to begin early 2020
« Reply #327 on: October 29, 2020, 01:55:10 PM »
City Council Town Hall tonight with the Jags and general public to discuss Lot J.

Should be feisty.

https://www.coj.net/city-council/events/all-events/council-member-public-meeting-lot-j-(1)


What happened to the damn...excuse me please...I mean, darn link?!
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Steve

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Re: Khan, Jaguars expect Lot J development to begin early 2020
« Reply #328 on: October 29, 2020, 03:09:06 PM »
I see the issue - the link doesn't have the closing parenthesis:

https://www.coj.net/city-council/events/all-events/council-member-public-meeting-lot-j-(1)

Ken_FSU

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Re: Khan, Jaguars expect Lot J development to begin early 2020
« Reply #329 on: October 29, 2020, 03:12:14 PM »
^Thanks Steve!