City, Jaguars agree to split $1.25 billion cost on ‘Stadium of the Future,’ invest more in downtown Jacksonville
JACKSONVILLE, Fla. – The Jaguars and the City of Jacksonville took the wraps off the most expensive investment in Jacksonville history on Tuesday, a 50-50 cost split on the $1.25 billion “Stadium of the Future” project that won’t include new taxes and will keep the team in town for the next generation.
Team president Mark Lamping, Jacksonville Mayor Donna Deegan and Mike Weinstein, the city’s lead negotiator, made the presentation at Tuesday’s City Council meeting. They laid out numbers, a timeline, what taxpayers will be on the hook for and the two stadiums where the Jaguars could play during that renovation season, which would come in 2027.
The city’s $625 million portion will be factored...
