Citrano nominated for a seat on the DIA board

The BB&T banker would replace member Jim Bailey and complete the nine-member panel.

Jim Citrano
Jim Citrano
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BB&T Senior Vice President Jim Citrano Jr. could fill the ninth and final seat on the Downtown Investment Authority board.

City Council nominated Citrano to replace board member Jim Bailey for a term through June 30, 2023.

Council President Scott Wilson filed a resolution Jan. 22 asking Council members to confirm Citrano’s appointment. The bill then would go to Mayor Lenny Curry for his signature.

Citrano has been with BB&T since June 2015. Before that, he served as vice president of commercial real estate services firm Berkadia for two years.

Bailey’s second term on the board expired June 30, but he did not officially resign. Bailey was DIA board chair in the final year of his term, but had not attended a board meeting since April, according to meeting minutes

DIA bylaws state that without a resignation, Bailey will be considered a serving board member until DIA staff can find a replacement.

“Based on his recent inability to attend meetings, we are actively pursuing a replacement with the Council president as this is a City Council appointment,” DIA CEO Lori Boyer said in October.

Bailey is the former publisher of the Financial News & Daily Record, now the Jacksonville Daily Record and the Jacksonville Record & Observer.  He sold the publication to Observer Media Group in 2017.

Citrano Jr.’s father, Jim Citrano, served for decades in Jacksonville commercial real estate and was on the Downtown Development Authority, a predecessor to DIA. He also chaired the Jacksonville Port Authority.