JACKSONVILLE, Fla. -

Jaguars owner Shad Khan calls the vacant Shipyards property, "a melting ice cube" and said, "Unlike fine wine, it doesn't get better with time."

Our news partner the Financial News & Daily Record reports Khan expects to make a proposal to the city in the next couple of weeks to redevelop the riverfront acreage.

The area near EverBank Field is considered a prime Northbank redevelopment site.

Khan has not given specific details, although some possibilities have surfaced, including rental apartments, entertainment, retail and a marina.

For more on this story, go to jaxdailyrecord.com.