Author Topic: Armada Owners/City Talk Downtown Soccer Stadium  (Read 639 times)

Ken_FSU

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Armada Owners/City Talk Downtown Soccer Stadium
« on: November 08, 2019, 04:35:46 PM »
https://www.bizjournals.com/jacksonville/news/2019/11/08/jacksonville-chases-2-deals-aprofessional-soccer.html?iana=hpmvp_jac_news_headline

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The city is in talks to land two major developments: a professional soccer stadium and a $542 million liquefied natural gas facility, according to materials for a meeting of the Mayor's Budget Review Committee on Nov. 12.

The city is working to enter into an option agreement to sell land to RP Sports Investments Inc., owner of the Jacksonville Armada. RPSI would pay $5,000 to enter the option agreement, which would give it the right to purchase about 5 acres for $1.

RPSI would have to close on the land, located along A. Phillip Randolph Blvd and the Arlington Expressway, by Jan. 31, 2023, or ownership would revert back to the city.

The company would also have to begin construction on 25,000 to 175,000 square feet of office space and a soccer stadium "suitable for professional soccer play" with at least 2,500 seats and 100 to 200 parking spaces by Jan. 31, 2024 and substantially complete construction by Jan. 31, 2025.

If RPSI closes on the land and doesn't substantially complete construction by this deadline, it would have to pay the city the fair market value of the land.

Tacachale

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Re: Armada Owners/City Talk Downtown Soccer Stadium
« Reply #1 on: November 08, 2019, 04:37:03 PM »
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RP Funding would make a $5,000 payment with the option to hold the land for three years. If RP Funding moves ahead and decides to build, it can buy the land for $1 but the stadium would have to be completed by 2025.

That's a big ask. Essentially freezes the property for 6 years for $5,000 and the potential for a small soccer stadium for what's now an amateur team, and an office building. 2,500 seats also suggests they have no intention of joining a professional minor league.
« Last Edit: November 08, 2019, 04:44:09 PM by Tacachale »
Do you believe that when the blue jay or another bird sings and the body is trembling, that is a signal that people are coming or something important is about to happen?

Charles Hunter

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Re: Armada Owners/City Talk Downtown Soccer Stadium
« Reply #2 on: November 08, 2019, 04:40:18 PM »
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RP Funding would make a $5,000 payment with the option to hold the land for three years. If RP Funding moves ahead and decides to build, it can buy the land for $1 but the stadium would have to be completed by 2025.

That's a big ask.

But It's Easier Here ... to extend deadlines

blizz01

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thelakelander

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Re: Armada Owners/City Talk Downtown Soccer Stadium
« Reply #4 on: November 08, 2019, 06:49:37 PM »
I'm seeing Parramore style déjà vu...
"A man who views the world the same at 50 as he did at 20 has wasted 30 years of his life.” - Muhammad Ali

Tacachale

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Re: Armada Owners/City Talk Downtown Soccer Stadium
« Reply #5 on: November 08, 2019, 08:48:55 PM »
I'm seeing Parramore style déjà vu...

At least it’s on an empty lot. And there’s not a league forcing us to destroy a neighborhood and spend millions on a redundant stadium.
Do you believe that when the blue jay or another bird sings and the body is trembling, that is a signal that people are coming or something important is about to happen?

thelakelander

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Re: Armada Owners/City Talk Downtown Soccer Stadium
« Reply #6 on: November 08, 2019, 09:39:55 PM »
True but that doesn't mean that it's the right fit for the community. I wonder if there's been any neighborhood input. Putting the use issue aside (a use and end user base that's just about as culturally incompatible as they come),  the plan itself is horrible. A massive parking lot on the Avenue?! This thing needs some work.
"A man who views the world the same at 50 as he did at 20 has wasted 30 years of his life.” - Muhammad Ali

MusicMan

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Re: Armada Owners/City Talk Downtown Soccer Stadium
« Reply #7 on: November 11, 2019, 01:30:34 PM »
I went to the game last night, USA Womens Team. Perfect evening for soccer.  Now I've been to LOT J twice this weekend, for Sting Concert and Soccer game. Absolutely cannot imagine how this (aka Event Parking) is going to work with a $500 million development in the middle of that parking lot.