The stadium would keep the Jaguars in Jacksonville for another 30 years
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Jaguars, city of Jacksonville approve agreement to build $1.4 billion 'Stadium of the Future'
The stadium would keep the Jaguars in Jacksonville for another 30 years
The Jacksonville Jaguars' "Stadium of the Future" is a go, as the franchise and city approved an agreement on a $1.4 billion project on Tuesday that will keep the Jaguars in Jacksonville for "decades to come."
The proposal will see each side contribute $625 million to the project and Jacksonville would chip in another $150 million to get EverBank Stadium ready for construction beginning in 2026. The team will also not include any new taxes to pay for the rebuild.
With construction set to begin after the 2025 season, the Jaguars would play in front of a reduced capacity crowd in 2026 and then host home games in either Gainesville or Orlando in 2027.
The updated look of EverBank Stadium was revealed last summer, representing the next step in the team's efforts to transform downtown Jacksonville. The Jaguars plan to make the stadium four times as wide as the current one with interactive social areas and food local to the city. The stadium will include state of the art technology and a shade canopy to reduce heat retention by 70%.
The Jaguars and the city have agreed to each contribute $625 million to the renovation, but the city also has agreed to pay $150 million over the next two seasons on maintenance and repairs to prepare the stadium for construction. That means the city will be responsible for 55% of the total cost.
In addition, the agreement calls for Jaguars owner Shad Khan to be responsible for cost overruns of the renovation as well as 80.4% of the game-day expenses.
In addition to the renovation, the deal between the city and the Jaguars also includes a 30-year lease that would begin once the stadium reopens and a non-relocation agreement, which would put to rest the relocation rumors that have surrounded the small-market franchise for the past 15 years. There also is a clause that limits the Jaguars to one home game annually in London unless mandated by the NFL to participate in an additional international game once every four seasons -- and that's only during the seasons in which the team has nine home games (every odd year).
As for other opportunities to improve the stadium? In announcing the stadium design last year, the franchise said the following changes will be made:
- Shade on all seats
- A 360-degree concourse
- Wider concourses
- Increased space for football operations
- Better vertical transportation
- Replace HVAC, plumbing, mechanical, and electrical systems
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