Jaguars State of the Franchise 2018

[Keith-N-Jax]

Jaguars were not involved 10 years ago 

[Kerry]

The Oakland As are going to fund their own new stadium and adjacent development.

https://www.sfchronicle.com/bayarea/matier-ross/article/A-s-propose-jewel-box-ballpark-for-13426272.php#photo-16564500

[KenFSU]

Based on a couple of things that I've heard in the last week or two, I'm lowering my betting odds from a near lock that JEA ends up at Lot J, to a 50/50 toss-up.

Fingers crossed that saner heads prevail.

[KenFSU]

https://www.jacksonville.com/news/20181214/stadium-sports-district-could-benefit-from-program-intended-for-poor-neighborhoods

[vicupstate]

In fact, the city sent a letter to Scott's office in May requesting that the state replace one of two census tracts located on the Westside that had been identified as an opportunity zones with one that included the sports entertainment district because it "includes the City's stadium and is a linchpin to supporting Mayor Curry's downtown redevelopment efforts." The city wanted to replace the other Westside census tract with one that covers part of the St. Nicholas neighborhood as well as I-95 and Phillips Highway.

Perfect example of 'reverse Robin Hood' effect from federal tax legislation. Ostensibly done to help impoverished areas to attract new investment, certain tracts are selected to help the already wealthy.  This program has tremendous potential to reward the investor more than the residents of the selected area IMO. Plus it has much potential to accelerate or ignite gentrification.   

[thelakelander]

We put together a quick article on this last month:

https://www.thejaxsonmag.com/article/opportunity-zones-help-for-poor-or-tax-cut-for-rich/

[Charles Hunter]

Republicans put "help the poor" window dressing on a program that is welfare for the rich.

[jagsonville]

In fact, the city sent a letter to Scott's office in May requesting that the state replace one of two census tracts located on the Westside that had been identified as an opportunity zones with one that included the sports entertainment district because it "includes the City's stadium and is a linchpin to supporting Mayor Curry's downtown redevelopment efforts." The city wanted to replace the other Westside census tract with one that covers part of the St. Nicholas neighborhood as well as I-95 and Phillips Highway.

Perfect example of 'reverse Robin Hood' effect from federal tax legislation. Ostensibly done to help impoverished areas to attract new investment, certain tracts are selected to help the already wealthy.  This program has tremendous potential to reward the investor more than the residents of the selected area IMO. Plus it has much potential to accelerate or ignite gentrification.
[/quote

Without these kind of programs investments in these sort of areas are less likely to happen. You expect someone to take on tons of risk and be a pioneer without any government assistance? Ok. At the end day you cant have it all, you can't have nice downtowns without displacing residents, gentrification, and government assistance. Let's not act like residents displaced that are smart and holdout a bit don't get nice paydays if they do get bought out even if that involves paying higher taxes for a bit.

[thelakelander]

There is a balance that can be achieved.....if we care about revitalization without displacement. For the most part, we don't...which is why the negative results are generally the same.

[vicupstate]

In fact, the city sent a letter to Scott's office in May requesting that the state replace one of two census tracts located on the Westside that had been identified as an opportunity zones with one that included the sports entertainment district because it "includes the City's stadium and is a linchpin to supporting Mayor Curry's downtown redevelopment efforts." The city wanted to replace the other Westside census tract with one that covers part of the St. Nicholas neighborhood as well as I-95 and Phillips Highway.

Perfect example of 'reverse Robin Hood' effect from federal tax legislation. Ostensibly done to help impoverished areas to attract new investment, certain tracts are selected to help the already wealthy.  This program has tremendous potential to reward the investor more than the residents of the selected area IMO. Plus it has much potential to accelerate or ignite gentrification.

Without these kind of programs investments in these sort of areas are less likely to happen. You expect someone to take on tons of risk and be a pioneer without any government assistance? Ok. At the end day you cant have it all, you can't have nice downtowns without displacing residents, gentrification, and government assistance. Let's not act like residents displaced that are smart and holdout a bit don't get nice paydays if they do get bought out even if that involves paying higher taxes for a bit.

I'm all for investment programs, and fully appreciate they are necessary. However to get optimal results for the least loss of revenue, without bad unintended consequences, it takes a lot of thought and the incentives/disincentives have to be looked at carefully.

Property tax abatement is a frequently used benefit that makes a lot of sense. It is attached to the property in the affected area and available to the existing property owner. Incentives if properly structured can be a good option.

As far as income tax incentives, they should first be targeted to those that already live in these areas as opposed to prompting outside investors to buy in, push out and reap the benefits from the turn-around. The next level of benefits could be to allow the original residents to 'sell credits' in a system similar to Historic tax credits. I'm sure their are other ideas that could work. This Opportunity Zone program just sounds like another means to lower capital gains taxes when the people living in these zones rarely pay such taxes  to begin with.               

Actually, merely adding BACK the equivalent population that left during the suburbanization/white flight period would be sufficient to bring back DT JAX, even if not one current resident ever left. 

Gentrification does give a nice payday to the hold outs, and that is a good thing, but many more are pushed further and further away from their jobs in cities that have few transit options to begin with.       

[minder]

Any ideas on when this year's State of the Franchise will be?

[Charles Hunter]

Another even newer rendering of possible development on Lot J, Metro Park, and The Shipyards.  Featuring the JEA HQ.

[heights unknown]

Where is this newer rendering of possible development on Lot J, Metro park, and the Shityards? Featuring.......the JEA HEADQUARTERS!!!

[Charles Hunter]

I was sarcastically responding to minder's question on what to expect at this year's State of the Jags whoop-dee-doo.

[copperfiend]

All kidding aside, it would not surprise me if the state of the franchise this year has a focus on future stadium upgrades. The team started laying the groundwork for that a few months ago.