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January 23-29, 2020
Mathis Report: Beeline relocating headquarters at Flagler Center PAGE 4
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JACKSONVILLE
Record & Observer DEVELOPMENT
JAGUARS PLANNING Record & Observer PHASE II FOR LOT J JACKSONVILLE
Photo by Mike Mendenhall
The proposed logo for 121 Financial Ballpark, the home of the Jacksonville Jumbo Shrimp.
Total investment in project next to TIAA Bank Field could hit $700 million.
Deal would rename the Baseball Grounds
JACKSONVILLE
Record & Observer
Naming rights agreement for 121 Financial Ballpark will require the approval of City Council.
JACKSONVILLE
Record & Observer BY MIKE MENDENHALL STAFF WRITER
Where Lot J Phase II could rise BY MIKE MENDENHALL STAFF WRITER
N
egotiators for Jacksonville Jaguars owner Shad Khan and the city have not drafted a final deal for his $450 million to $500 million Lot J development, but team leadership already is looking ahead to a possible Phase II. Jaguars President Mark Lamping outlined the Phase II concept during an interview Jan. 21 to include two high-rise towers and a connecting parking garage that he said could be nearly $200 million on top of the investment in the first phase. “Our hope was that Lot J would be a catalyst for other development. In fact, we’re already talking about the next phase of Lot J which would bring the total to around $700 million,” Lamping said. One tower would be residential and the
Jaguars President Mark Lamping said Phase II of the Lot J development would include two high-rise towers and a parking garage. It would rise on the site of the parking area shown on a map, below, of the Lot J development from the State of the Jaguars presentation in April. The site at Gator Bowl Boulevard and North Georgia Street, above, is now a retention pond.
SEE LOT J, PAGE 6
Basch Report: Rayonier ‘logical acquirer’ of Pope Resources PAGE 3 Plan would bring 3,200 homes and more to Nassau County PAGE 10 Marbut Report: Jimerson Birr is expanding office and staff PAGE 12
A naming rights agreement between Jacksonville Jumbo Shrimp and 121 Financial Credit Union could rename the Baseball Grounds of Jacksonville as 121 Financial Ballpark. Jumbo Shrimp owner Ken Babby announced the 13-year agreement at a news conference Jan. 22 in the ballpark clubhouse with 121 Financial Credit Union interim CEO David Marovich and Mayor Lenny Curry. Babby and Marovich would not disclose the value of the agreement. Another 15-year naming rights agreement for the city-owned VyStar Veterans Memorial Arena directly west of the baseball grounds was secured in February 2019 for $9.76 million with VyStar Credit Union. The Baseball Grounds is owned by the city and the naming rights deal must cleared by City Council. A bill filed Jan. 22 states that the Jumbo Shrimp’s lease agreement with the city amended SEE BALLPARK, PAGE 7
CATHEDRAL DISTRICT
Neighborhood seeking a ‘catalytic project’ Ginny Myrick building road map. PAGE 8 VOLUME 2, NO. 34 • ONE SECTION