THURSDAY May 30, 2019
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‘OPEN HOUSE’ FORRecord 15,000 Daily JACKSONVILLE
The 2019 Southern Living Idea House to attract crowds to Nassau County.
Deutsche Bank plans to cut more jobs Bank isn’t saying how the reductions will impact Jacksonville, where it has thousands of workers.
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BY MARK BASCH CONTRIBUTING WRITER
numbers. That doesn’t include those who visited the area and didn’t stay in hotels that collect the tax. The Amelia Island project will draw attention worldwide through its presentation in the August issue of Southern Living magazine (on newsstands July 19) and its finished house plans will be sold at Houseplans.SouthernLiving.com. “It’s a river house through and through,” developer John Hillman recently said as
Deutsche Bank’s CEO last week said more job cuts are coming at the struggling Germany-based bank and based on his comments at the company’s annual meeting, those cuts could affect its Jacksonville offices, which employ about 2,000. In his address, Christian Sewing said the company plans a consolidation in its anti-financial crime division. That division is a key part of the Jacksonville office and was spotlighted in a New Sewing York Times report two weeks ago. The Times story concerned transactions made in 2016 and 2017 by President Donald Trump and his son-in-law, Jared Kushner, which were flagged by the Jacksonville-based division as suspicious. However, Deutsche Bank executives decided not to report the transactions to federal authorities, despite the recommendation by the Jacksonville office, the report said. During last week’s shareholders meeting, Sewing said Deutsche Bank is restructuring some functions to become more efficient. “A first example: we will combine parts of compliance and our anti-financial crime unit with
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Provided by Crane Island
John Hillman, Crane Island’s vice president of sales and marketing, on the front steps of the 2019 Southern Living Idea House. The home opens for tours June 8, with more than 10,000 visitors expected. BY MAGGIE FITZROY CONTRIBUTING WRITER
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tarting June 8, Northeast Florida will be drawing visitors to tour the 2019 Southern Living Idea House on Crane Island in Nassau County. Southern Living expects 10,000 to 15,000 visitors to the house during the six months it is open for tours. For the county, it’s an economic driver. “Our economy is very much based on
tourism,” said Steve Nicklas, a member of the Nassau County Chamber of Commerce and a business and financial columnist for the Fernandina Beach NewsLeader. “We are very much a tourist destination,” so the number of visitors Southern Living expects “can only help,” he said. Crane Island is part of Amelia Island, and is west of the Fernandina Beach Municipal Airport. Nicklas said 700,000 visitors came to Amelia Island last year based on bed-tax
THE BASCH REPORT
Stein Mart trying new ways to attract customers Plus: Shoe Carnival, NASCAR moves PAGE 6 VOLUME 106, NO. 137 • TWO SECTIONS