MARCH 3 TO MARCH 9, 2022 | JAXDAILYRECORD.COM
BUSINESS & LEGAL NEWS IN BAKER, CLAY, DUVAL, NASSAU AND ST. JOHNS COUNTIES
JU LAUNCHING COLLEGE OF LAW
INSIDE
Jacksonville University says it is starting the new school Downtown to meet the demands of Fortune 500 companies.
STRATEGY
Seafood company changing its name, logo PAGE 14
REDEVELOPMENT
Demolition permit OK’d for former T-U property PAGE 3 Photo by Mike Mendenhall
Jacksonville University President Tim Cost announces the new Downtown law school Feb. 28 at the City Hall Atrium.
BY MIKE MENDENHALL STAFF WRITER
J
acksonville University President Tim Cost said Feb. 28 the institution’s decision to launch a College of Law meets demand from Fortune 500 companies to recruit talent and leadership with a legal background. At a news conference at City Hall, Cost and Mayor Lenny Curry announced JU’s plans to open a law school in Downtown Jacksonville in the fall with $5 million in
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city backing. Cost said Jacksonville-based companies, including Fidelity National Information Services Inc., Florida Blue and Black Knight Inc., look for leadership with a legal education. He said about 10% of Fortune 500 CEOs have a Juris Doctor degree. “The timing is always good if there’s an opportunity. But there were times when going into the law school business, maybe eight or 10 years ago, was not as smart as it is today. So we’re glad to match it with the need,” Cost said.
CITY GOVERNMENT
Deal reached in garage battle
“We talked to the business people, that’s what they need.” The school says it is accepting applications. For more information, visit the ju.edu/law/ site. Annual tuition for the three-year program is $36,000 with a $14,400 scholarship opportunity for every student, Cost said. JU hopes to have additional private scholarships to lower costs further by fall of 2024. SEE LAW, PAGE 16
The city and Downtown Investment Authority have reached a mediated settlement in the nearly yearlong legal fight with Metropolitan Parking Solutions. PAGE 4 BASCH REPORT
Pandemic slows Maple Street Maple Street Biscuit Co. has just four more restaurants than it had at midyear 2020. PAGE 8
THE MATHIS REPORT
YOU SHOULD KNOW
Vagabond Coffee Co. coming to VyStar Tower
Fortune leads PS27 Foundation
Jacksonville-based Vagabond Coffee Co. is working toward setting up on the ground floor of VyStar Tower at 76 S. Laura St. Downtown near the breezeway. PAGE 6
The group is expanding education and leadership programming for startup founders and small business CEOs. PAGE 10
VOLUME 109, NO. 41 | TWO SECTIONS | PUBLISHED SINCE 1912