America’s sports teams are turning into landlords. Pro sports team owners are developing millions of square feet of retail, office and residential space, extending their influence—and revenue streams—outside the turnstile at a quickening pace.
Jacksonville’s Downtown Investment Authority approved releasing city-owned land and incentives for Jaguars owner Shad Khan’s plan for a Four Seasons hotel development on the downtown riverfront Wednesday.
The Downtown Investment authority gave unanimous approval to Shad Khan’s plan to build a new Four Seasons Hotel and office complex near the river.
The Downtown Investment Authority voted 8-0 on July 7 to approve terms for a $114 million incentive agreement with Jacksonville Jaguars owner Shad Khan for his plan to build a Four Seasons hotel and office building at the former Kids Kampus along the Downtown...
Jaguars President Mark Lamping says he is confident that a licensing agreement will be reached with the luxury hotel chain before a groundbreaking in June 2022.
The vote was the first step toward a project that could see a Four Seasons hotel at the site.
