NextEra Energy offered $11 Billion for JEA

[jaxlongtimer]

What's the over under that Curry's Lot J/Shipyards plans were totally dependent on having money to spend from the sell of JEA?

If Downtown was really "movin' on up" as some in this City would have you believe (haha), the City wouldn't have to offer ridiculous incentives to get these projects going.  Let's just put the money in public infrastructure and some historic preservation, create a holistic vision and zoning plan for Downtown that we actually stick to over many decades and the rest would likely take care of itself. 

On top of everything else, Khan has insured these properties he plans to develop are already in some of the most favored tax-break zones ever created.  They were "designed" to incentivize people like him to do these developments and that should be more than enough.  If the City has to further subsidize them to any significant degree, they are just not sustainable in all likelihood.  (See Adams Mark/Hyatt Hotel, Sax Seafood, Heckscher Drive Restaurant, the predecessor to River City Brewing, Brown's BBQ, Round #1 and #2 of the Shipyards, and many more).

[Steve]

What's the over under that Curry's Lot J/Shipyards plans were totally dependent on having money to spend from the sell of JEA?

About the same as if Alabama played Miami in Tuscaloosa!

[marcuscnelson]

Agreed! Scandal aside, there is an argument to made to sell JEA but it is dependent on what the city is going to do with the funds.

I agree. When the conversation first started I was actually open to it. Not a chance now.

The TU Editorial Board seems to agree with you.

https://www.jacksonville.com/story/opinion/editorials/2020/08/28/editorial-jacksonville-and-state-examples-show-importance-open-government/5654121002/