Daily Record Financial News &
Thursday, May 10, 2018
Vol. 105, No. 124 • One Section
35¢ www.jaxdailyrecord.com
1,000 acres near Town Center proposed for development Property is the last large tract of undeveloped land owned by the Skinner family. By Karen Brune Mathis Editor From St. Johns Town Center, look to the southeast across Butler Boulevard and Interstate 295. That’s where the Skinner family intends to sell another 1,000 acres of timberland for development for shopping, working and living. The Skinner family also sold the land that became the St. Johns Town Center regional shopping desSkinner III tination. “We are optimistic that a plan like this will create something in Jacksonville that it hasn’t really experienced yet, something that is little more urban in a suburban area,” said A. Chester “Chip” Skinner III, who represents the family members who own the property. It’s also the last large undeveloped Duval County property site that remains of the Skinner family’s original 50,000 acres from Skinner
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THE SITE PLAN England-Thims & Miller Inc. provided a conceptual site plan for more than 1,000 acres at southeast Butler Boulevard and Interstate 295 owned by the Skinner family.
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Fed president: Businesses concerned about a trade war Raphael Bostic says there’s no evidence businesses are using tax savings for investment. By Mark Basch Contributing Writer The U.S. economy appears to be on track, with employment and inflation meeting the objectives of policymakers, Federal Reserve Bank of Atlanta President Raphael Bostic said Wednesday. However, business people are
te l l i n g h i m they are concerned about uncertain trade policies, Bostic said during a luncheon talk Bostic to the World Affairs Council of Jacksonville at the River Club Downtown. “Swelling optimism over tax policy at the beginning of the year has now been replaced almost completely by uncertainty regarding the proposed tariffs and the possibility of a trade war,” he said.
Bostic, who has been at the Atlanta Fed for nearly a year, is one of 12 voting members of the Federal Open Market Committee, the arm of the Federal Reserve that sets the direction of U.S. interest rates. The FOMC comprises the seven governors of the Federal Reserve Board and five of the 12 presidents of the regional Fed banks on a rotating basis. Bostic became a voting member this year. Bostic said the FOMC’s mandate from Congress is to set interest rate policies that promote high employment and price stability.
The U.S. unemployment rate is at its lowest level since December 2000 and inflation, as measured by the Personal Consumption Expenditures price index, is at 2 percent, the level the Fed has targeted for a stable price environment, he said. “Although I think we’re on track in satisfying our dual mandate, this doesn’t mean we can hang up our hats and head home,” Bostic said. “There is still work to do, and risks on the horizon need to be monitored.” Bostic said one area to watch is
consumer and business spending in the wake of tax reform that lowered federal income tax rates this year. “I have received few, if any, Bostic
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2017 Unpaid Tangible Personal Property Tax List SEE PAGES 8-23 OR VIEW THE LIST AT JAXDAILYRECORD.COM
The Cawton Report: Federal funding boost for ferry Shortcut across St. Johns River at Mayport gets $3.356 million for improvements. Public
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