Jaguars owner Shad Khan’s development company, Iguana Investments, has agreed to purchase the Jacksonville Fairgrounds downtown. In turn, the fair will move west more than 15 miles away.– Jaguars owner Shad Khan’s development company, Iguana Investments, has agreed to purchase the Jacksonville Fairgrounds downtown. In turn, the fair will move west more than 15 miles away.
“We have entered into an agreement with the Jacksonville Fairgrounds to purchase the fairgrounds and are supporting the fair in its move to a new location that is more aligned with its agricultural roots. Once the fair completes their relocation to the new site, our immediate plan is to convert the entire property to surface parking to support Jaguars games and other events at the sports complex.
The fair will be able to expand from its current 30-acre site to 80 acres at the new location and will also be able to use the equestrian center, providing even more room.How much is it going to cost? No one would say. Property tax records show the fairgrounds land is worth about $7 million. The proceeds from the sale will be used to add new buildings to the Westside site, and a lease will be worked out with the city and those who operate the equestrian center.“This area is a jewel.
I'm waiting to see who's gonna be the first person/group to cry the move is raciest.
I think this a great idea, because this will free up some parking.