Developers owe $552,000 as legal battle over Kings Ave. garage grinds on

[thelakelander]

Sounds messy...

Each day, tens of thousands of people drive along Interstate 95 past a well-situated development that is the source of an ongoing disagreement between private developers, the state transportation department and the Jacksonville Transportation Authority.
While the parties work through the court system to resolve the disagreement, the developer has withheld payment for rent and fees to JTA and owes more than $552,000, with a balance dating back to 2010.

The property at the heart of the dispute includes the Kings Avenue parking garage, one of the largest garages in Jacksonville, and the Hilton Garden Inn/Homewood Suites. The restaurants and shops that were in the early development plans aren't there, and one corner of the property sits vacant with a fence around it. The site is near new development, including on Hendricks Avenue, the JTA Skyway railway, hospitals and medical offices.

The developers accuse JTA of years of delays, false promises and broken agreements obstructing Kings Avenue Redevelopment LLC from further development of the property, which the company contends cost the developer and JTA money.

Full article: http://jacksonville.com/news/metro/2016-05-09/story/developers-owe-552000-legal-battle-over-kings-ave-garage-grinds?utm_source=eyepiece&utm_medium=web&utm_campaign=cxense&cx_navSource=eyepiece#cxrecs_s

[spuwho]

Proof that JTA/FDOT shouldn't be in the property management business.

I noticed that JTA has put up for sale a parcel they condemned in order to complete the Kernan Overpass of Beach. It removed the business on the parcel ( a Chevron gas station) and built a retention pond. Now on what is left they are trying to sell it back.

Not only is the parcel too small now for any rational use, access is severely limited due to the new overpass.

Today it is being used as a staging area for the contractor putting the palms in the Beach median from 295 to Hodges.

There is something wrong when a govt. entity condemns land and then tries to sell it back.

[ChriswUfGator]

Proof that JTA/FDOT shouldn't be in the property management business.

I noticed that JTA has put up for sale a parcel they condemned in order to complete the Kernan Overpass of Beach. It removed the business on the parcel ( a Chevron gas station) and built a retention pond. Now on what is left they are trying to sell it back.

Not only is the parcel too small now for any rational use, access is severely limited due to the new overpass.

Today it is being used as a staging area for the contractor putting the palms in the Beach median from 295 to Hodges.

There is something wrong when a govt. entity condemns land and then tries to sell it back.

You would be astonished how often that happens. Usually after they've fought the owner's appraisal in eminent domain tooth and nail, then they list it a year or two later for more than what they said it wasn't worth. See it all the time. Govt. often acts like a for profit corporation. Usually the plans change for whatever reason, lately it's been downward revisions to population growth and traffic count estimates that have driven it. But it still drives me nuts when they take someone's property and then act that way about paying for it.

[vicupstate]

If the FDOT needs only part of the property and the seller only wants to the entire property, then I don't see any reason the FDOT shouldn't sell the part  it doesn't need.     

[CoastalJax]

Proof that JTA/FDOT shouldn't be in the property management business.

I noticed that JTA has put up for sale a parcel they condemned in order to complete the Kernan Overpass of Beach. It removed the business on the parcel ( a Chevron gas station) and built a retention pond. Now on what is left they are trying to sell it back.

Not only is the parcel too small now for any rational use, access is severely limited due to the new overpass.

Today it is being used as a staging area for the contractor putting the palms in the Beach median from 295 to Hodges.

There is something wrong when a govt. entity condemns land and then tries to sell it back.

Exactly, JTA has no business managing property when they clearly have no idea how to do so properly.

[Charles Hunter]

Proof that JTA/FDOT shouldn't be in the property management business.

I noticed that JTA has put up for sale a parcel they condemned in order to complete the Kernan Overpass of Beach. It removed the business on the parcel ( a Chevron gas station) and built a retention pond. Now on what is left they are trying to sell it back.

Not only is the parcel too small now for any rational use, access is severely limited due to the new overpass.

Today it is being used as a staging area for the contractor putting the palms in the Beach median from 295 to Hodges.

There is something wrong when a govt. entity condemns land and then tries to sell it back.

You would be astonished how often that happens. Usually after they've fought the owner's appraisal in eminent domain tooth and nail, then they list it a year or two later for more than what they said it wasn't worth. See it all the time. Govt. often acts like a for profit corporation. Usually the plans change for whatever reason, lately it's been downward revisions to population growth and traffic count estimates that have driven it. But it still drives me nuts when they take someone's property and then act that way about paying for it.

But I thought conservatives wanted gummint run like a business?