The city of Jacksonville and Jacksonville Jaguars owner Shad Khan have reached a $450 million agreement for development of Lot J next to TIAA Bank Field. This deal has been in the works for a number of years and it looks like it will finally be pushed over the line and further develop the downtown area around TIAA Bank Field and the other sports complex.
“We’ve never been closer to realizing a new Downtown Jacksonville than we are today. While today’s news is not the final step, it’s by far the most significant step in our mission to reinvent how we work, live and gather in Downtown Jacksonville,” Jaguars vice president Mark Lamping wrote in a statement.