I thought this was an ok project for Jax if Rummell's group was going to assume most of the risk for a legacy type project. That said, there are better opportunities to stimulate catalytic projects on the northbank for that type of investment.
The District is essentially landlocked. There are single family homes/BK to the southeast and 95 to the south/southwest. There are some opportunities to fill in those ridiculous surface lots to the west, but by and large there are not many other redevelopment opportunities nearby. The District would essentially be an island unto itself, not integrated into the fabric of Downtown. Downtown needs an Orange Avenue (Orlando), Clematis Street (WPB), Las Olas (Ft. Lauderdale) type shopping, dining, and entertainment district; not a large scale Tapestry Park project that is not integrated into a larger urban area.