Daily Record Financial News &
Thursday, February 11, 2016
Vol. 103, No. 64 • One Section
35¢ www.jaxdailyrecord.com
Pension backup plan ‘not pretty’
Curry’s Plan A passes final House committee Mayor Lenny Curry has a Plan A for paying down $2.7 billion in pension liabilities, a proposal that’s barreling its way through the Legislature. State lawmakers are the first of several dominos needed to fall to move on. If one of those dominos weren’t to fall? Curry has a Plan B and a Plan C, he told a House committee. But as much as extending the half-cent sales tax for up to 30 years is the best of “no good choices,” the backup plan is worse. “It is not pretty,” he told State Affairs Committee members Wednesday. No one will want to see that road, he said, answering a question from Rep. Dwayne Taylor, the committee’s ranking Democrat. The group was the toughest to date for reviewing Plan A. The hour-long discussion Curry began with Rep. Travis Cummings answering a bevy of questions about the bill for which he’s the lead sponsor. It was then Curry’s turn to step to podium to sell the plan at the final House stop before a possible floor vote. “The situation is dire in my city,” he began. Curry said he was committed early in his term to solving the issue that is sapping city dollars that could be used for other priorities. Of the city’s $1 billion budget, Curry said in a few years close to $300 million would be drained by pension payments without a solution. Those dollars could be used for infrastructure or public safety, the latter Curry Pension
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Photos by Carole Hawkins
By David Chapman Staff Writer
Construction will finish this month on JaxPort’s intermodal container transfer facility. Locating the ICTF at the port will speed up delivery for containers that are traveling by a combination of ship and rail.
Cutting time, saving millions JaxPort container transfer site finishes this month By Carole Hawkins Staff Writer
Workers last month were finishing construction on the concrete roadways that will be used by cranes to move shipping containers onto rail cars.
Before he was shipwrecked on a South Pacific island, Tom Hanks in the movie “Cast Away” is a FedEx systems engineer with his hand glued to a stopwatch. “Every FedEx office has a clock, because we live or we die by the clock,” he says. At the Port of Jacksonville, the stopwatch measuring container cargo throughput will soon clock a shorter time. In the world of shipping, that’s huge. A port consultant said JaxPort’s project will save $139.3 million per year in shipping costs. JaxPort will finish construction this month on its neardock rail terminal. It means containers moving from the ships to trains will no longer have to be trucked 16 miles to the Westside CSX rail yard. Instead, they can be hauled a few hundred yards from the dock to the new terminal. It’s an intermodal container transfer facility, or ICTF, and it looks pretty simple. A parking lot big enough to Port
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Another Broken Egg eyes Beaches and Mandarin
Public
cialty drinks and coffees. The average check is $8 to $15, depending on the region. The restaurants are open 7 a.m. to 2 p.m. daily. The Destin-based restaurant started in 1996 and operates in 16 states. Alleman and his business partners, Cody Gielen and John Dan Gielen, operate Cojak Investments LLC. They own and operate Another Broke Egg Café locations in
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Jacksonville, Panama City Beach and Lake Mary in Florida; in Lafayette and New Orleans in Louisiana; and in Tuscaloosa, Ala. Alleman has worked for the restaurant company since college under the supervision of founder Ron Green at the original Mandeville, La., location and in Sandestin. After he graduated from Louisiana State University, he opened his first location in Lafayette in December 2007, becoming Green’s first franchisee. When the company looks for new locations, the website describes ideal sites as 3,000 to 4,200 square feet of space with covered exterior seating. It likes
an endcap spot in strip malls that are in high-traffic commercial areas.
Peterbrooke moving in Mandarin
Jacksonville-based Peterbrooke Chocolatier is relocating its Mandarin store. Now at 11362 San Jose Blvd. in the Gates of Olde Mandarin, the store will move to 11406 San Jose Blvd. in the Mandarin Oaks shopping center. A pending building permit shows a potential $184,000 buildout of 1,560 square feet of space for Peterbrooke Chocolatier in Mathis
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Photo by Karen Brune Mathis
Another Broken Egg Cafe intends to open a second area location at Jacksonville Beach and also is looking in Mandarin. Franchise owner Jake Alleman said his group found a location in Jacksonville Beach but declined to specify where because it is in final lease negotiations. The Another Broken Egg website lists Jacksonville Beach as “coming soon.” Alleman said his group continues to review locations in Mandarin. The restaurant opened its first area location two years ago in Tapestry Park near Tinseltown. Another Broken Egg is a breakfast-brunch-lunch chain that also offers a bar, mimosas and spe-
Another Broken Egg Café opened near Tinseltown two years ago.
consecutive weekdays