FRIDAY May 14, 2021
Council OKs incentives for Regions Bank headquarters
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PAGE 3 Public legal notices begin on page 4
Daily Record JACKSONVILLE
JACKSONVILLE Florida Coastal facing closure after loan program is terminated
JAX LNG tripling Dames Point capacity
Daily Record
Parent company Pivotal says the project also will double the site’s liquid natural gas storage when completed in 2022.
Daily Record Daily Record JACKSONVILLE
BY MIKE MENDENHALL STAFF WRITER
required a signature on the application to renew the program participation agreement. When Sterling declined to sign the application, the federal program was withdrawn and that triggered the requirement for Florida Coastal to submit a teach-out plan to the ABA, Goplerud said. The Department of Education is reviewing a new application for the student loan program, signed by InfiLaw, an entity established by Sterling, and by Florida Coastal. “We believe we have done everything necessary to be reinstated. This is not a compliance matter, it’s a procedural matter,” Goplerud said. Admissions are suspended until the loan program is reinstated, he said. There are 180 students enrolled at
Owners of JAX LNG LLC say the company will triple liquefaction and double liquid storage capacity by 2022 at the liquid natural gas facility on the St. Johns River. Richmond, Virginia-based Pivotal LNG Inc. announced the expansion in a May 6 news release that states liquid natural gas storage at the North Jacksonville site will increase from 2 million to 4 million gallons and liquefaction at the site will rise to 360,000 gallons per day. The JAX LNG expansion will support a Delay long-term liquid natural gas supply agreement with “a major maritime company for its dual-fueled ships,” the release says. According to JAX LNG’s website, the facility is a supplier for TOTE Maritime Puerto Rico’s dual-fuel container vessels. The JAX LNG facility, completed in 2018, was built as a joint project between Pivotal and NorthStar Midstream and was the first small-scale waterside LNG production facility in the U.S. with both marine and truckloading capabilities, according to the release. Pivotal LNG Vice President Tim Delay said in the release the expansion will help meet growing liquid natural gas demand in the eastern U.S.
SEE FLORIDA COASTAL, PAGE 2
SEE LNG, PAGE 2
JACKSONVILLE
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Florida Coastal School of Law at 8787 Baypine Road in Baymeadows. The law school halted enrollment and submitted a teach-out plan to the American Bar Association while it awaits possible reinstatement of its eligibility for the federal student loan program.
The law school submitted a teach-out plan to the American Bar Association while its reinstatement into the federal student loan program is under review. BY MAX MARBUT ASSOCIATE EDITOR
Florida Coastal School of Law says a “procedural matter” resulted in its termination from the federal student loan program, triggering the process for closing the school. By direction of the American Bar Association, Florida Coastal submitted a teach-out plan May 7 that would allow the school to maintain its accreditation while its students would be allowed
to transfer to other accredited law schools to complete their education. Florida Coastal President and Dean Peter Goplerud said Goplerud May 11 that the U.S. Department of Education terminated the law school’s participation in the federal student loan program in April when Sterling Capital Partners, the private equity firm that established the school, determined it could not sign the application because of legalities involving its status as a limited partnership. “The private equity fund that established Florida Coastal expired in 2013, so Sterling had no direct involvement with the law school,” Goplerud said. He said it was the first time since the school was founded that the government
Jacksonville’s oldest Dairy Queen sold for $625,000 A Southside Dairy Queen, the oldest location in the city, changed hands May 3 for $625,000. The store at 5812 University Blvd. was built in 1968 and Dairy Queen has operated there since. It was sold as an investment and remains operating. Thomas J. Meeker sold the property to Mary Arnett, who bought it through New York-based KLM Properties FL LLC, according to a deed recorded with the Duval County Clerk of Courts on May 10. While the Daily Queen is the oldest in Jacksonville, it isn’t the oldest in the area. The Jacksonville Beach location was built in 1960.
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