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City Council signs off on revised deal for Four Seasons project

Published on January 11, 2023 at 11:35 am

Jacksonville City Council has approved a redrafted $129.75 million incentives deal with Jacksonville Jaguars owner Shad Khan’s development company for its plans to build a Four Seasons hotel and office building on the Downtown Northbank riverfront.

Iguana Investments Florida LLC asked the city to amend the redevelopment agreement first approved in October 2021 to increase the cap on the deal’s property tax refunds as the project’s cost has risen about 20.75%

Council voted 18-0 on for the new agreement attached to Ordinance 2022-0871. Council member Brenda Priestly Jackson was absent for the vote Tuesday.

Read the rest of this story at the Jacksonville Daily Record, a Jacksonville Today news partner.