On Tuesday, the Jacksonville City Council approved $775 million in public funds for stadium renovations.
According to local sources, the city will cover over 50% of the $1.4 billion project costs that are planned.
The team will cover the remaining $625 million in estimated costs and will make payments to the city.
The deal was approved by the City Council with a vote of 14-1, with Council member Mike Gay being the only one to vote against it.
ontract is the second in two days in NFL cities that have allocated public funds for stadium improvements.
David Tepper, the owner of the Panthers, has also committed to providing $421 million to cover any possible additional costs for the project.
The Jaguars and Panthers, who both entered the NFL in 1995, are currently competing in older stadiums.
The planned upgrades for the project known as the “Stadium of the Future” feature renderings that include a transparent design.
Could you please rephrase this text: pic.twitter.com/uL94QKSkbU
On June 25, 2024, the Jacksonville Jaguars tweeted.
According to the Daily Record, the redesign will involve improvements to the exterior, concourse, and stadium bowl.
heduled to increase by 50% once the construction is completed.
atement.
I have been waiting for this day for a long time. I am sincerely thankful for the collaboration with the Jaguars.
Khan issued a statement in tribute to the original Jaguars owner Wayne Weaver and his wife De, acknowledging their contributions.
Delores and Wayne Weaver’s belief and determination were instrumental in bringing the Jacksonville Jaguars to life.