Jacksonville Mayor Lenny Curry said Friday afternoon: “I’m not worried” about the $ 245.3 million cost the city will assume if city council approves the proposed entertainment and entertainment project. Lot J retail next week.
Affiliates of Jaguar owner Shad Khan would pay for the remainder of the $ 450 million development that would be built in the Lot J parking lot next to Daily’s Place and TIAA Bank Field.
Responding to reporters’ questions at a virtual press conference, Curry said, “My administration and the board before this – and now this one – have been incredibly responsible.”
He pointed out that his administration and the city council had implemented a pension reform, which he said freed up hundreds of millions of dollars a year in the city budget.
“Not only have we made investments in our neighborhoods. We have increased our reserves over the years. We have sufficient reserves to handle a crisis or emergency, as we have with hurricanes, as we are now with COVID-19, ”said Curry.
City council is expected to vote on Tuesday, Jan.12 on whether or not to approve the partnership between the city, Khan’s Gecko Investments LLC and The Cordish Companies, based in Baltimore, Maryland.
Monitoring group OurJax and the NAACP are among the organizations that have spoken out against the Lot J Deal, as currently structured.
A December University of North Florida Public Opinion Research Laboratory The poll found that most Jacksonville voters were opposed to the deal, although some changes have been made to the proposal since the poll was conducted.
Curry also said on Friday he was working with a few council members on much needed infrastructure upgrades in the city.
“Stay tuned. We will be investing in all of Jacksonville, without weighing down the city going forward,” Curry said.