Jaguars and the city of Jacksonville agree to spend $1.4 billion on 'stadium of the future'

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Jacksonville News

Jacksonville Jaguars,FL State Wire,NFL

The Jaguars and the city of Jacksonville have agreed to a $1.4 billion “stadium of the future” that would keep the franchise in one of the NFL’s smallest markets for another 30 years. The proposal calls for each side to contribute $625 million to the $1.25 billion renovation project.

FILE - Jacksonville Jaguars fans cheer during an NFL football game at EverBank Stadium, Sunday, Oct. 15, 2023, in Jacksonville, Fla. The Jaguars and the city of Jacksonville have agreed to a $1.4 billion “stadium of the future” that would keep the franchise in one of the NFL’s smallest markets for another 30 years. The plan was presented at a city council meeting Tuesday., May 14, 2024. JACKSONVILLE, Fla. — The Jaguars and the city of Jacksonville have agreed to a $1.

Construction would begin following the 2025 season. The Jaguars would play in front of a reduced capacity in 2026 and host home games in either Gainesville or Orlando the following year. Daytona Beach International Speedway had been under consideration but has since been eliminated. Jaguars owner Shad Khan agreed to take on all construction cost overruns, assume day-to-day operations of the stadium and take on the majority of game-day expenses moving forward.

Capacity could be expanded to 71,500 to accommodate the annual Florida-Georgia rivalry, the Gator Bowl, a College Football Playoff game or the Final Four. Pools and a party deck would remain in the north end zone.

 

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