JACKSONVILLE, Fla. — Jacksonville Mayor Lenny Curry announced on Wednesday a deal for the redevelopment of Lot J at TIAA Bank Field that includes a $450 million investment.
Curry believes the project will strengthen Jacksonville's downtown and will position Jacksonville to be the host of "world-class" events in the future.
"You can’t be a suburb of nowhere, and a strong downtown contributes to a
stronger community as a whole," Curry said.
The Lot J redevelopment will include a new entertainment venue with dining and live entertainment, a hotel, residential building and the opportunity for a new office building.
The partnership for the project includes leaders with the Jacksonville Jaguars, Iguana Development and "national-renowned development partners" and will result in more than $450 million of capital investment for the project, according to Curry.
The terms of the agreement will go to the Downtown Investment Authority and the City Council for their consideration.