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August 1-7, 2019
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JACKSONVILLE
Record & Observer City, Khan reach deal Record & Observer on Lot J development
FIS finalizes $43 billion Worldpay acquisition
JACKSONVILLE
The Jacksonville-based company has offices along Riverside Avenue where the city has been working to clear space for development.
JACKSONVILLE
Record & Observer BY MARK BASCH & KAREN BRUNE MATHIS
JACKSONVILLE DAILY RECORD
JACKSONVILLE
Record & Observer
to the city’s social media platforms. Negotiators for Khan and Curry have been working on the deal since Jaguars and Iguana President Mark Lamping unveiled the latest plans for Lot J in April. Details on the incentives, including how much money the city proposes to extend to the Lot J developers, were not available Wednesday afternoon. The incentives will need approval by the
Fortune 500 company Fidelity National Information Services Inc., or FIS, completed its $43 billion acquisition of Worldpay Inc. on Wednesday, setting the stage for potential riverfront development. The combination of Jacksonville-based FIS, which provides technology for financial institutions, and Cincinnati-based Worldpay, which provides payment services, will have more than $12 billion in annual revenue and 55,000 employees worldwide. “This transformative combination significantly enhances the scale, portfolio and global footprint of FIS to help our clients capitalize on growth opportunities at a time of rapid marketplace change,” FIS Chief Executive Gary Norcross said in a news release. FIS in March agreed to pay $11 in cash and issue 0.9287 shares of FIS for each of Worldpay’s 311 million outstanding shares. Based on Tuesday’s closing price for FIS, the value of the deal was more than $43 billion. FIS stockholders overwhelmingly approved the deal at a special meeting last week. More than 99% of about 274 million FIS shares voted in favor of measures to complete the deal. FIS is based along the riverfront at 601 Riverside Ave., near
SEE LOT J, PAGE 10
SEE FIS, PAGE 10
Special to the Daily Record
An artist’s rendering of the Lot J area west of Daily’s Place was released by the city Wednesday,
The $450 million project adjacent to TIAA Bank Field and Daily’s Place includes an entertainment venue, hotel, office and residential uses.
BY MIKE MENDENHALL STAFF WRITER
T
he city reached a deal with Jacksonville Jaguars owner Shad Khan and his investment company, Iguana Investments Florida LLC to help finance a more than $450 million development in Lot J near TIAA Bank Field. Mayor Lenny Curry announced the agreement Wednesday in a video address posted
Mendenhall Report: Jacksonville Beach Pier repairs delayed PAGE 3 Some famous names around town in top 10 home sales PAGE 9 Clay County health care industry sees growth PAGE 11
THE SAILER REPORT
Online real estate firm hits 100-home milestone Opendoor entered market in November. PAGE 8 VOLUME 2, NO. 9 • ONE SECTION