Downtown Construction Update - May 2007

Started by Metro Jacksonville, May 14, 2007, 12:00:00 AM

downtownparks

The Pension Fund sold the Laura St Trio to Cameron Kuhn a few months ago.

mtraininjax

Why does the City have to pay in an extra 45 million to the fund? Could that money be used elsewhere in the City???????????

Noone

Quote from: downtownparks on May 15, 2007, 09:33:07 AM
The Pension Fund sold the Laura St Trio to Cameron Kuhn a few months ago.
Quote from: mtraininjax on May 15, 2007, 10:37:58 PM
Why does the City have to pay in an extra 45 million to the fund? Could that money be used elsewhere in the City???????????

5 years ago. Didn't the fund just get the legislature to allow real estate holdings to go from 10% to 20% of the portfolio? With a resolution of support from the council?