Thursday, October 14, 2021
KAKISTOCRACY BILL: Jacksonville City Council approves $114M in incentives for Shad Khan's Four Seasons development. (WJCT NewsO
$114,000,000 to subsidize a Four Seasons Hotel ($400/night luxury fancy-bears hotel) -- the City of Jacksonville, Flori-DUH is again wasting money on flubdubs, as Lincoln would have called them.
Our big city neighbor to the North has a consolidated government, one run for the rich in a place where half the kids in schools are on free or reduced price lunches.
Is Jacksonville's City Hall a kakistocracy and a disgrace to the human race?
You tell me.
Shad Khan is a billionaire.
He owns a 22-time-in-a-row losing football team, the Jaguars.
Enough doggone corporate welfare.
Dull Republicans need to be voted out of office, like we voted out DONALD JOHN. TRUMP.
From WJCT News:
WJCT News | By Raymon Troncoso Published October 12, 2021 at 11:36 PM EDT
Jacksonvile Jaguars owner Shad Khan plans a Four Seasons hotel and development near TIAA Bank Field.
The Jacksonville City Council voted unanimously Tuesday to grant $114 million in public incentives for a proposed development at Metropolitan Park from developer and Jaguars owner Shad Khan.
The legislation, meant to aid Khan's plan for a $321 million Four Seasons Hotel and Residences, includes almost $26 million for completing construction and a property tax rebate over two decades that could total nearly $48 million.
Its language charges Khan's development company, Iguana Investments, with designing and constructing "a Luxury Hotel with no fewer than 170 rooms," an "Office Building with no less than 141,000 Gross Sq. Ft.," and upgrades to the existing public marina. A June staff report from the Downtown Investment Authority, whose board also approved the agreement in July, estimated the development would create 5,700 construction jobs and more than 1,400 full-time jobs.
The agreement calls for construction on the development to begin by June and finish before the end of 2025.
Raymon Troncoso Reporter Raymon Troncoso joined WJCT News in June of 2021 after concluding his fellowship with Report For America, where he was embedded with Capitol News Illinois covering Illinois state government with a focus on policy and equity. You can reach him at (904) 358-6319 or follow him on Twitter @RayTroncoso. See stories by Raymon Troncoso