- Business - Khan's vision for Jacksonville Shipyards to go forwards


Khan's vision for Jacksonville Shipyards to go forwards

The proposal by Shad Khan and Iguana Investments for the development of the Jacksonville Shipyards, has received the highest score of three proposals put forward earlier in the year.…

Following previous reports on the redevelopment of Jacksonville Shipyards, it appears Jacksonville Jaguars owner, Shad Khan's proposal, which would see a mixed-use development project between Iguana Investments Florida and the city, will move forwards, with negotiations currently ongoing.

Three proposals were made to the Downtown Investment Authority; second to Khan’s was Shitaki Enterprises, and third was In Him LLC, which proposed a replica of Noah’s Ark.

According to local news reports, Khan’s proposal, which does include a marina among its 'mixed-use' plan, received the highest score from the examiners, followed by Shitaki Marine’s proposal for a superyacht marina and refit facility and finally latecomer, In Him LLC.

The committee that graded the proposals included Ted Carter, executive director of the city’s Office of Economic Development, Downtown Investment Authority (DIA) board member Jack Meeks and DIA CEO Aundra Wallace.

Khan’s proposal would see the creation of 2,109 construction jobs through the build and 4,483 permanent jobs. The plan outlines the intention for space for residential, office, retail, restaurants, a hotel and a marina. One of the main concerns with Khan's proposal however, is the costs that the city will incur over the project.

The Jacksonville Shipyards redevelopment is part of a wider plan by the city to revive the downtown area.

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Khan's vision for Jacksonville Shipyards to go forwards


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