Posted on Oct 15
Jacksonville Jaguars and City of Jacksonville agree on $1.4B EverBank Stadium renovation, says owner Shad Khan
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Jacksonville Jaguars and city of Jacksonville agree on $1.4 billion stadium renovation.
Why it matters: The renovation of EverBank Stadium will not only enhance the game-day experience for Jaguars fans but also serve as an economic catalyst for the region and attract major sports and entertainment events.
What's new: The agreement between the Jaguars and the city includes a 30-year lease, a non-relocation agreement, and contributions towards the renovation from both parties.
Yes, but: The stadium will continue to be used by the Jaguars with reduced capacity during the construction phase, impacting attendance for the 2025 and 2026 seasons.
- Shad Khan, Jaguars owner, on the renovation: "The venue will be world-class by every definition. It will impressively serve the Jaguars and their fans, attract major sports and entertainment events to our region, and serve as an economic catalyst for decades to come."
The bottom line: The revitalized EverBank Stadium aims to transform Downtown Jacksonville and create a vibrant hub for sports and entertainment.
What to watch:
- Construction is set to begin in early 2025, and efforts will be made to ensure that the renovation receives the recognition it deserves.
- The shaded canopy over every seat, similar to SoFi Stadium in Los Angeles, will provide enhanced comfort for attendees.
- The increased capacity and improved facilities will make the venue more attractive for hosting larger events and securing future economic opportunities.
What's next: With the approval of the stadium renovation, attention will now turn to the successful execution of the project and its impact on the city's sports and entertainment landscape.
By the numbers: The Jaguars and the city will each contribute $625 million to the renovation, with additional funds allocated for maintenance and repairs over the next two seasons.
Our thought bubble: This significant investment highlights the commitment of both the Jaguars organization and the city of Jacksonville to elevate the fan experience and bolster economic growth in the region.
Zoom In: The renovation of EverBank Stadium signifies the vision for a vibrant and thriving Jacksonville, positioning the city as a destination for major events and solidifying its standing in the sports world.