FEBRUARY 15 TO FEBRUARY 21, 2024 | JAXDAILYRECORD.COM
BUSINESS & LEGAL NEWS IN BAKER, CLAY, DUVAL, NASSAU AND ST. JOHNS COUNTIES
RISING COSTS SINKING DOWNTOWN PROJECTS DIA CEO Lori Boyer says the city may seek new proposals for the American Lions and Hardwick at Ford on Bay sites. BY RIC ANDERSON
INSIDE
REAL ESTATE
Capt. Sandy among those stuck by homebuilder PAGE 5
STAFF WRITER
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wo of the biggest Downtown property developments on the Northbank have fizzled due to increased costs of construction and difficulties obtaining largeproject financing, according to the chief executive of the Downtown Investment Authority. In an interview with the Jacksonville Daily Record, DIA CEO Lori Boyer said the city-owned sites of the proposed American Lions tower and Hardwick at Ford on Bay may be put back up for disposition – offered up for new redevelopment proposals, in other words. The DIA approved a $36.93 million incentives package for American Lions LLC’s proposed 44-story residential tower at the former Jacksonville Landing site, now called Riverfront Plaza, in September 2022. Four months earlier, the DIA approved a $41 million incenSEE DOWNTOWN, PAGE 10
SMALL BUSINESS LEADER OF THE YEAR
Mr. Potato Spread owner is named overall winner PAGE 4
THE MATHIS REPORT
Karma dealership nearing launch
American Lions was a proposed 44-story residential tower at the former Jacksonville Landing site Downtown with 332 apartments.
The luxury electric vehicle dealership is under construction at northeast Beach Boulevard and Interstate 295. PAGE 12 CITY GOVERNMENT
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THE BASCH REPORT
New owner of Black Knight has plans in Jacksonville Intercontinental Exchange Inc. is planning “modest upgrades” to the former Black Knight headquarters building on Riverside Avenue. PAGE 18
What’s up with stadium deal Mayor Deegan says her administration is on track to deliver the framework of a deal to renovate EverBank Stadium to the Jacksonville City Council by spring. PAGE 14
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VOLUME 111, NO. 14 | TWO SECTIONS | PUBLISHED SINCE 1912