Daily Record Financial News &
Tuesday, February 27, 2018
Vol. 105, No. 072 • One Section
Retiring presidents: Diversity is good for business
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Walmart plans to remodel Regency store
Leaders of UNF, FSCJ and Edward Waters share insights at JAXUSA Partnership Luncheon. By Karen Brune Mathis Editor Asked Monday how gender and race affect leadership opportunities, the retiring presidents of Florida State College at Jacksonville and Edward Waters College said that, given the chance, diversity at the top makes for better business. “The more inclusive,” said FSCJ President Cynthia Bioteau, “the better the outcome,” she said of corporate boards comprising at least 30 percent Bioteau women. Bioteau was the first woman hired as president at FSCJ as well as at her previous institution, Salt Lake Community College. Bioteau, Edward Waters College President Nat Glover and University of North Florida President John Delaney, spoke Monday to the JAXUSA Partnership Luncheon at the Hyatt Regency Jacksonville Riverfront to reflect on their experiences. All three will retire effective May 31. Glover, also the first AfricanAmerican sheriff elected in Florida since Reconstruction, said Jacksonville has done better with race relations. “We as a city,” he said, “are trying to make a difference.” Glover Presidents
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The Walmart Supercenter at 9890 Hutchinson Park Drive in the Regency area was developed in 2005.
The $500,000 project includes interior, exterior; retail giant has been adding pickup locations for online orders.
Walmart will remodel its Regencyarea supercenter at 9890 Hutchinson Park Drive, similar to the pending renovation of its Mandarin location at 10991 San Jose Blvd. Both are $500,000 projects, according to permit applications filed with the city. The projects are described as general remodeling, including interior and exterior maintenance, equipment repair and replacement. Walmart Stores East LP, part of Bentonville, Arkansas-based Walmart, is
listed as the owner. PB2 Architecture and Engineering, of Rogers, Arkansas, is the architect. The San Jose store in Mandarin was built in 1987, while the Regency location was developed in 2005. A Walmart media representative could not be reached Monday for comment. BusinessInsider.com reported in May that Walmart is making a multimillion dollar investment in remodMathis
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Pier lease, EverBank Field renaming on City Council agenda Shut since Hurricane Matthew, Jacksonville Beach Pier could reopen at a lease discount. By David Cawton Staff Writer An amended lease for the Jacksonville Beach Pier, a possible new Downtown hotel and renaming EverBank Field as TIAA Bank Field are on the agenda for today’s City Council meeting.
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Changes to the pier lease and to a sale of Sister Cities Plaza are scheduled for final votes. JACKSONVILLE BEACH PIER
The management company that operates the Jacksonville Beach Pier hopes to reopen a portion of the structure by April, but first is asking the city to amend its lease. Diana Pier Management Corp. is asking the city for a discounted rent of $1,100 per month until the entire pier is usable, either this year or in 2019. That’s an 80 percent discount.
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The pier has been closed since October 2016 after being damaged by Hurricane Matthew. The city suspended lease payments in January 2017. According to a fact sheet filed with the legislation, the city has repaired about half of the pier’s walkable area, limiting access for paying visitors. DOWNTOWN HOTEL
Another boutique hotel may be on the way Downtown in the next year. The Downtown Investment
Authority wants to amend some terms of an economic development agreement the city executed in 2011 with Parador Partners LLC, which built a parking garage next to the SunTrust Tower at Hogan Street and Independence Drive across from the Jacksonville Landing. The 2011 agreement gave Parador Partners a five-year option to buy the corner property. It was supposed to close on the sale by January 2017 and begin construction of a structure of at least two stories 30 days after that.
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Parador eventually conveyed the 0.27-acre site, known as the Sisters Cities Plaza, to Mainstreet CV 76 S. Laura St. LLC, but the sale did not close. Mainstreet CV plans to build a boutique hotel on the site, although no brands or designs have been released. This bill moves the sale closing date to April, or 90 days after council approves the amendment, and extends the construction date to 12 months after the Council
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consecutive business days