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06:10 PM EST Share The Vestcor Companies Chairman John Rood said the Curry administration plans to implement the panel’s recommendations within two years.
A working group of Downtown CEOs and business leaders formed by Mayor Lenny Curry met Feb. 23 to draft recommendations to the city to improve the urban core.
The group’s lead member, The Vestcor Companies Chairman John Rood, said the panel will meet at least twice more by the end of March to meet Curry’s charge of recommending Downtown improvements that can be funded and implemented in the next two years.
“I care about it because I think if you don’t have an urban core you’re going to lose our young people,” Rood said in an interview after the meeting.
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Spoon by H, Yoonjin Hwang’s celebrated Korean restaurant in Fairfax, is closing. Business had been slow since the start of the pandemic, but last summer, Hwang said, she started to notice more people disputing charges and claiming missing items through delivery apps. The restaurant was bleeding money and she was spending hours on the phone with the people behind the apps, trying to dispute the chargebacks.
“We lost orders, time, precious ingredients, and the problems accumulated to the point where we just couldn’t stay in business anymore,” she said. “We’re losing money to these issues, despite all the evidence we provide.”
Two city events next week will focus on Downtown riverfront development and improving Jacksonville’s urban core.
Downtown
On Feb. 22, Mayor Lenny Curry will have a public discussion with corporate leaders and public officials with a “vested interest in Downtown Jacksonville.”
The 9 a.m. meeting in Multi-purpose Room 1 at the Jacksonville Main Library is open to the public.
In addition to Curry, it will be attended by:
• The Vestcor Companies Chairman John Rood. The homebuilder has been increasing its Downtown multifamily housing portfolio since 2007 and opened its 133-unit workforce housing community Lofts at Brooklyn on Feb. 11.
• Fidelity National Information Services Inc. Chairman and CEO Gary Norcross. The Jacksonville-based, global financial technology firm is building a 12-story, $156 million world headquarters in Brooklyn.
Nearly a year after the COVID-19 pandemic forced widespread business shutdowns, Regency Centers Corp. says 97% of the tenants in its shopping centers are open.
However, the Jacksonville-based company is remaining cautious in its outlook in case a “reverse-course” scenario forces closures again in 2021.
“Despite a rise in cases in most markets and increased restrictions in some, we have been encouraged by continued improvement in our operating results and this is driven by further meaningful progress on rent collections,” CEO Lisa Palmer said last week during Regency’s quarterly conference call with analysts.
Regency reported fourth-quarter funds from operations of 76 cents a share, down from $1 the previous year.