The Shipyards Project

23 02 2017

The Downtown Investment Authority (DIA) has expanded the scope of a proposal for redevelopment of the Shipyards project to also include Metropolitan Park. Previous discussion and negotiations with Shad Khan, who submitted a proposal in 2015 to redevelop the Shipyards, have been scraped and the process for redevelopment will start over. The DIA has officially begun soliciting proposals on Jan. 4, with a due date of March 20.

shipyards-activity-deck-750xx530-298-0-82The Shipyards has long been seen as a key property along the St. Johns River that would be a catalyst for more development.

There are federal strings attached to Metropolitan Park, which was developed with the help of a $1.8 million federal grant with the understanding the property would be used for public use.

DIA CEO Aundra Wallace said some portion of the about-70 acres that are being proposed for development will be public space, meeting the federal requirements with Metropolitan Park. The National Park Service would have to sign off on the plan.

The amount of time the DIA would take to select the most suitable bid was not discussed, but once that bid has been selected and approved by the City Council, an 18-month time frame was provided for negotiations.

Jaguars President Mark Lamping released the following statement following the DIA meeting.

“We support and welcome the DIA’s decision and look forward to the opportunity to take a new and broader look at a riverfront development that includes Met Park. Shad’s interest in developing the Met Park site and Downtown Jacksonville has been well documented and is consistent with the Jaguars’ overall commitment to the revitalization of our downtown core. The Daily’s Place project is an ongoing example of that commitment, and a potential riverfront development that included the Met Park property would represent a logical next phase.”

Source: Jacksonville Business Journal

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