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Jaguars Planning Phase Ii for Lot J

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Jaguars Planning Phase Ii for Lot J Mathis Report: Beeline relocating FREE headquarters at Flagler Center January 23-29, 2020 PAGE 4 jaxdailyrecord.com JACKSONVILLE Record & Observer DEVELOPMENT JAGUARSJACKSONVILLE PLANNING Photo by Mike Mendenhall Record & ObservThe proposeder logo for 121 Financial PHASE II FOR LOT J Ballpark, the home of the Jackson- Total investment in project next to TIAA Bank Field could hit $700 million. ville Jumbo Shrimp. JACKSONVILLE Deal would rename Record & Observthe Baseballer Grounds Naming rights agreement JACKSONVILLE for 121 Financial Ballpark will require the approval of City Council. BY MIKE MENDENHALL Record & ObservSTAFF WRITERer A naming rights agreement between Jacksonville Jumbo Shrimp and 121 Financial Credit Union could rename the Baseball Where Lot J Phase II could rise Grounds of Jacksonville as 121 Jaguars President Mark Lamping said Phase II of the Lot J development would Financial Ballpark. include two high-rise towers and a parking garage. It would rise on the site of the Jumbo Shrimp owner Ken Bab- BY MIKE MENDENHALL parking area shown on a map, below, of the Lot J development from the State of the by announced the 13-year agree- STAFF WRITER Jaguars presentation in April. The site at Gator Bowl Boulevard and North Georgia ment at a news conference Jan. 22 Street, above, is now a retention pond. in the ballpark clubhouse with 121 egotiators for Jacksonville Financial Credit Union interim Jaguars owner Shad Khan CEO David Marovich and Mayor and the city have not drafted a Lenny Curry. final deal for his $450 million Babby and Marovich would not to $500 million Lot J devel- disclose the value of the agree- Nopment, but team leadership already is ment. looking ahead to a possible Phase II. Another 15-year naming rights Jaguars President Mark Lamping out- agreement for the city-owned lined the Phase II concept during an VyStar Veterans Memorial Are- interview Jan. 21 to include two high-rise na directly west of the baseball towers and a connecting parking garage grounds was secured in Febru- that he said could be nearly $200 mil- ary 2019 for $9.76 million with lion on top of the investment in the first VyStar Credit Union. phase. The Baseball Grounds is owned “Our hope was that Lot J would be a by the city and the naming rights catalyst for other development. In fact, deal must cleared by City Coun- we’re already talking about the next cil. phase of Lot J which would bring the total A bill filed Jan. 22 states that to around $700 million,” Lamping said. the Jumbo Shrimp’s lease agree- One tower would be residential and the ment with the city amended SEE LOT J, PAGE 6 SEE BALLPARK, PAGE 7 Basch Report: Rayonier ‘logical CATHEDRAL DISTRICT acquirer’ of Pope Resources PAGE 3 Neighborhood seeking Plan would bring 3,200 homes and a ‘catalytic project’ more to Nassau County PAGE 10 Ginny Myrick building road map. PAGE 8 Marbut Report: Jimerson Birr is expanding office and staff PAGE 12 VOLUME 2, NO. 34 • ONE SECTION 2 JACKSONVILLE DAILY RECORD /J ACKSONVILLE RECORD & OBSERVER | THURSDAY, JANUARY 23, 2020 JaxDailyRecord.com Big news doesn’t break just on Thursday. Here’s a look at some of the top stories published over the past week online at JaxDailyRecord.com and in the Jacksonville Daily Record that you may have missed. JACKSONVILLE Daily Record HOW TO REACHJACK USSONVILLE 10 N. Newnan St., Jacksonville, FL, 32202 DailPhone: (904)y 356-2466, Re Fax (904)co 353-2628rd jaxdailyrecord.com WHAT’S TRENDING WHAT’S ABOUT US Special to the Daily Record JACKSONVILLE Lucky’s Market at 8380 Merchants Way in OakLeaf Station opened in May. Jacksonville Daily Record and Jacksonville Record & Observer are a division of ObserverDail Media Group Inc. y Record GROCERIES Established in 1912, the Financial News & Daily Record, now the Jacksonville Daily Record, is published Monday-Friday and is the Official Court Newspaper of the Circuit Lucky’s Market closing area stores Court and publisher of public notices in Duval County.JACKSONVILLE Lucky’s Market, a natural foods gro- Blvd. opened in 2016. Jacksonville Record & Observer is a free weekly business newspaper available in cer, will close all but one of its Florida The 20 Florida stores will close Feb. DowntownDail Jacksonville and keyy business Re nodes throughoutco Jacksonville.rd To find a locations, according to a report Jan. 21 12 and liquidation sales began Jan. 22. location near you, visit jaxdailyrecord.com/rack-locations. by the South Florida Sun Sentinel. The West Melbourne store will re- Lucky’s operates two stores in main open, the report said. Editorial content focuses on news and trends, with a concentration on development, Northeast Florida, in Neptune Beach In December, Kroger, an inves- real estate, construction, law, companies, economic and industry trends and how local and Oakleaf. The Oakleaf store opened tor in Lucky’s, announced that after and state government affects business. May 22 at 8380 Merchants Way. The three years it would divest its stake in Neptune Beach store at 580 Atlantic Lucky’s Market. STAFF Publisher / Matt Walsh Director of Advertising / Jay Lesowitz RAILROADS [email protected] [email protected] Publisher Emeritus / James F. Bailey Jr. Advertising Coordinator / Codi Gildberg CSX Corp. revenue drops 8% in fourth quarter [email protected] [email protected] Editor / Karen Brune Mathis CSX Corp.’s revenue fell in 2019 ings of 99 cents a share, 2 cents lower Legal Advertising Manager / Janet Mohr [email protected] [email protected] as economic growth cooled, and the than the fourth quarter of 2018. Managing Editor / Monty Zickuhr Legal Advertising Associate / Rhonda Fisher Jacksonville-based railroad isn’t ex- Revenue dropped 8% to $2.885 [email protected] pecting a recovery early in 2020. billion. The company projected lower [email protected] / Max Marbut “We expect underlying economic revenue, but the results still were Associate Editor Legal Affairs Network Administrator / Erik Wagner [email protected] demand to remain relatively consistent below the $2.918 billion consensus [email protected] / Katie Garwood with current levels,” CEO Jim Foote forecast from analysts surveyed by Staff Writer Court Typeset / Paula Steiner [email protected] said Jan. 16 in the company’s quarterly Zacks Investment Research. [email protected] conference call with analysts. The company is projecting this Staff Writer / Mike Mendenhall [email protected] Director of Circulation / Anne Shumate “It took industrial activity a while to year’s revenue will be flat to pos- [email protected] cool off and it will take a while to heat sibly 2% lower than 2019 revenue of Staff Writer / Scott Sailer [email protected] Distribution / Tim Reagan back up,” he said. $11.937 billion. [email protected] CSX reported fourth-quarter earn- Business Manager / Angie Campbell [email protected] MANUFACTURING PRESS RELEASE/INQUIRY/REPRINTS Made In Space moving HQ to Jacksonville Submit a press release or editorial inquiry online Gov. Ron DeSantis announced Jan. hardware outside of Earth. jaxdailyrecord.com/submit-news-release or email [email protected]. 17 that Made In Space will relocate its It has operated in Jacksonville since Article reprints are available at jaxdailyrecord.com corporate headquarters from Silicon 2015 at 8226 Philips Highway in the Valley to Jacksonville. Baymeadows Business Center. HOW TO SUBSCRIBE Made In Space develops space DeSantis said with the move, Made manufacturing technology and was In Space will invest more than $3 mil- Subscribe online at jaxdailyrecord.com/subscribe or contact our subscription the first company to manufacture lion into the new facility. department by phone at (877) 231-8834 or email [email protected] PRICES 2 years ................................... $154 Thursday only ..........$66 per year 1 year ........................................$89 Single copy ......................35 cents THE DAILY BRIEF 6 months .................................$55 There’s a shortcut to staying in the loop HOW TO ADVERTISE Don’t miss a story. Subscribe to the Daily Brief and we’ll send our Display & Digital Advertising: Call Jay Lesowitz at (904) 356-2466 or email top news to you Monday-Friday morning via email. To sign up, visit [email protected] JaxDailyRecord.com and look for the “Sign up” box, enter your email and you’ll be set. Legal Advertising: Submit public notices via email to [email protected] FOLLOW US JaxDailyRecord POSTAL INFORMATION Jacksonville Daily Record (USPS 190-620) is published daily except Saturday, Sunday & legal holidays (New Year’s Day, Memorial Day, Independence Day, Labor Day, Thanksgiving and Christmas) by Daily Record & Observer LLC, 10 N. Newnan St., Jacksonville, FL 32202. Periodicals postage paid at Jacksonville, Florida and at additional mailing offices. Under no circumstances will any news or records of Duval County be suppressed for anyone. Information in this newspaper is for our subscribers only and must not be used by anyone for publication purposes. POSTMASTER Send address changes to Jacksonville Daily Record, P.O. Box 15456, North Hollywood, CA, 91615-9965 OFFICIAL DESIGNATIONS The Official Court The Official Newspaper The Official Newspaper for Newspaper of Duval of The Jacksonville Bar the U.S. Bankruptcy Court County by Order of the Association, Nov. 21, 1926. for the Middle District of Circuit Court, July 7, 1961. Florida, Jan. 4, 1947. AFFILIATIONS Florida Press Association 319335-1 JaxDailyRecord.com JACKSONVILLE DAILY RECORD / JACKSONVILLE RECORD & OBSERVER | THURSDAY, JANUARY 23, 2020 3 Rayonier ‘logical acquirer’ of Pope Resources Kim said. succeed Palmer as chief finan- REPORT THE BASCH “As a result, we are com- cial officer. pelled to take the step of nomi- “Given Ms. Palmer’s 22 nating our own candidates for years and Mr. Mas’s 17 years election to the Tegna board,” of experience, respectively, at he said. Regency, we think company The acquisition offer came leadership is in good hands and from Apollo Global Manage- expect continued execution ment Inc.
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