It is official: the Jacksonville City Council has given its stamp of approval on the Jaguars' proposed stadium renovation deal.
The Jacksonville City Council has officially approved the Jaguars' proposed stadium renovation deal, ushering in the 'Stadium of the Future'.Construction begins: Feburary 2025. Jaguars would play 2025 season in Jacksonville with a capacity of 60,000+,
Jaguars reduce capacity: For the 2026 season, the Jaguars would play the season in Jacksonville with a reduced capacity of 43,500. Jaguars play away from Jacksonville: For the 2027 season, the Jaguars would play their home schedule outside of Jacksonville for the first time in franchise history.The stadium project is estimated to cost $1.4 billion. The proposed deal includes a 30-year lease agreement with a Non-Relocation Agreement. Both the Jaguars and the City of Jacksonville will contribute $625 million to construction costs, with the Jaguars taking on any overrun costs.
"Mayor Donna Deegan, lead negotiator Mike Weinstein, and Jaguars President Mark Lamping jointly presented a landmark stadium renovation agreement at the Jacksonville City Council meeting on Tuesday, May 14," the City of Jacksonville said in a statement in May. "Estimates suggest the economic impact of the renovated stadium to the Jacksonville community throughout the Jaguars’ 30-year lease will total $26 billion, with an estimated $2.4 billion in one-time economic impact during construction. This $1.4 billion deal compares favorably to other NFL markets. It is also the largest public infrastructure investment in Jacksonville history, and the largest private investment in the history of downtown Jacksonville.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
LIVE: Jacksonville City Council meets to vote on transformational Jaguars stadium dealJacksonville City Council is expected to vote on the Stadium of the Future in Tuesday’s council meeting.
Read more »
Jacksonville City Council Set to Vote on Jaguars' Proposed Stadium Renovation DealThe Jaguars could see a major step be taken toward a new stadium on Tuesday night.
Read more »
Doug Pederson: Jacksonville Jaguars' Mac Jones Is 'The Ultimate Pro'The Jaguars' backup quarterback got high praise from Jacksonville Jaguars head coach Doug Pederson.
Read more »
City Council Approves Jaguars' Massive Renovations at EverBank StadiumThe Jaguars will remain in Jacksonville for decades to come.
Read more »
Jacksonville City Council set to vote on 'Stadium of the Future' dealThe city council meeting Tuesday where the $1.4 billion deal will be voted on, will begin at 3 p.m., two hours earlier than usual.
Read more »
Jacksonville City Council expected to vote on Stadium of the Future on TuesdayJacksonville City Council is expected to vote on the Stadium of the Future in Tuesday’s council meeting.
Read more »