Even though city council approved the stadium lease, the Jaguars have to present the deal to the league and get approval from 75% of NFL owners.
Even though City Council approved the stadium lease, the Jaguars have to present the deal to the league and get the approval from 75% of NFL owners., the Jaguars said their journey began in 1990, five years before the team played their first game. Now, before the team's 30th season, the Jaguars say the franchise is keeping its eye on one goal, making our community the Bold New City of the South.
Wednesday was a day to celebrate. Deegan and Jaguars owner Shad Khan signed a proclamation about the Stadium of the Future Deal. The people behind the deal were also on stage with them; Jaguars President Mark Lamping and the city's lead negotiator Mike Weinstein worked together on the framework of the $1.4 billion deal.
While the city council approved the deal, it was only approved after $94 million in city funding of the Community Benefits Agreement was taken out to be reviewed by council in July. Weinstein said he and Lamping still have work to do. Part of the CBA that was removed deals with revitalization of the Out East neighborhood near the stadium. Lamping said the team will present the total finalized agreement to the league during the NFL owners meetings in October and expects Khan to have conversations with his fellow owners prior to the presentation.
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