Jaguars already planning Phase II for Lot J development

Started by thelakelander, January 24, 2020, 09:42:31 AM

heights unknown

#90
Quote from: Ken_FSU on February 08, 2020, 07:38:51 PM
Quote from: Wacca Pilatka on February 08, 2020, 05:55:57 PM
^ Yes, I agree; all of those factors contributed to the shift in public opinion.  My statement was too myopically centered on the Jaguars' situation.

JEA situation certainly didn't help, but I agree with your original sentiment that this would have been a much, much easier sell to the public two years ago when sentiment toward the Jags was at close to an all time high. It's a lot harder to come with your hand out after another awful, losing season that saw Foles go down in game one, Jalen traded, Yann not paid, Coughlin canned after the NFLPA stuff comes out, and Doug and Dave retained.

Even when Curry had the Mission Accomplished press conference announcing the preliminary agreement and the $230 million ask, the sentiment toward the project wasn't as bad as it has been these last few weeks.

Of all people, I think Sam Kouvaris actually had one of the more reasoned takes on the situation here:

https://www.jacksonville.com/sports/20200208/sam-kouvaris-jaguars-reassurances-cant-erase-sting-of-london-news

Super article by Sam; I hope Shad and Mark Lampshade read it, and are pondering seriously over it; but I doubt it. We shall see what happens. One thing I've learned in these long years on this dirtball; as the song that was performed in the movie cabaret goes: "money makes the world go around!"

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#91
If Shad is not making money, trust me, there will be no Lot J, or any, or any other future investments relative to the Jaguars remaining in Jacksonville. I've seen this type of thing before and then it didn't work out and the Owners or Corporations pull up chock and move anyway even after they said they wouldn't. I hope it all works out and am hoping for the ultimate best for Jacksonvillians; but don't get your hopes up high.
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Kerry

So...what is to keep the Jags from moving after Lot J is developed anyhow?  The Jags could leave and still keep half the revenue from Lot J and Daily's Place.
Third Place

Lostwave

Quote from: Kerry on February 10, 2020, 07:08:48 PM
So...what is to keep the Jags from moving after Lot J is developed anyhow?  The Jags could leave and still keep half the revenue from Lot J and Daily's Place.

Nothing, but lot J is worth way way less without an NFL team next door.  Why would Khan invest in anything near the stadium if he planned on moving the team. 

MusicMan

Is Lot J a land lease or will Khan/Iguana own the ground as well? It is an Opportunity Zone, and that is one of the driving forces behind this entire operation.

Ken_FSU

Quote from: MusicMan on February 11, 2020, 10:32:07 AM
Is Lot J a land lease or will Khan/Iguana own the ground as well? It is an Opportunity Zone, and that is one of the driving forces behind this entire operation.

City will own the land beneath the Live! entertainment complex and the public spaces.

Jags will be given ownership, at no cost, of the property beneath any residential, hotel, or office components, inclusive of adjacent property as the development expands.

Opportunity Zone program is not being used for Lot J.

Kerry

Quote from: Lostwave on February 11, 2020, 08:41:48 AM
Quote from: Kerry on February 10, 2020, 07:08:48 PM
So...what is to keep the Jags from moving after Lot J is developed anyhow?  The Jags could leave and still keep half the revenue from Lot J and Daily's Place.

Nothing, but lot J is worth way way less without an NFL team next door.  Why would Khan invest in anything near the stadium if he planned on moving the team.

Lot J has nothing to do with Jags home games.  There are only 6 of those during the year.  The whole premise of Lot J is based on non-game day revenue.  The City needs to make sure full ownership reverts to the City if this thing ever actually gets built.

The Jags should have no problem agreeing to that since they say they aren't moving anyhow.
Third Place

Peter Griffin

Quote from: Kerry on February 11, 2020, 12:31:15 PM
Lot J has nothing to do with Jags home games.  There are only 6 of those during the year.

You're so darn silly sometimes it makes my head hurt

Kerry

Quote from: Peter Griffin on February 11, 2020, 12:35:29 PM
Quote from: Kerry on February 11, 2020, 12:31:15 PM
Lot J has nothing to do with Jags home games.  There are only 6 of those during the year.

You're so darn silly sometimes it makes my head hurt

Come on man - even the Jags say it isn't about home games.  It is for revenue streams outside of home games.
Third Place

blizz01

8.  With preseason.  And dare I say, playoffs......

downtownbrown


Kerry

Quote from: blizz01 on February 11, 2020, 01:45:42 PM
8.  With preseason.  And dare I say, playoffs......

The Jags probably lose money on pre-season games so I didn't count them.  If you want to count playoff games then knock yourself out.  However - none of that changes the fact that according to the Jags, Lot J is for non-gameday revenue.
Third Place

Steve

Quote from: Kerry on February 11, 2020, 12:31:15 PM
The City needs to make sure full ownership reverts to the City if this thing ever actually gets built.

I'm not going to get into the rest of your post as it's a bit of semantics, but this I 100% agree with.

thelakelander

Lot J is the Landing 2.0. When it fails, I'm sure Khan or Cordish won't want full ownership of a half empty retail center in the parking lot of the stadium along a corridor with the low AADT going through there right now.
"A man who views the world the same at 50 as he did at 20 has wasted 30 years of his life." - Muhammad Ali

Papa33

I think Lamping said that Lot J was to be "Patriots Place on steroids".  Has anyone looked at Patriot's Place?  It's nothing more than than a "Town Center" type development.  There is nothing "urban" about it.  And yes, I'm with Lake . . . this is Landing 2.0 (and probably will be less successful at that).