• Loading stock data...
Thursday, May 22, 2025

Hurdles Still Remain After Jaguars Secure $775 Million for Stadium

  • The NFL team still needs to get league approval on its stadium deal and select a temporary home.
  • Owner Shad Khan calls last year’s late-season slide ‘organizational failure.’
Florida Times-Union

The Jaguars have cleared one major hurdle this week, winning Jacksonville city council approval on $775 million of public money toward a large-scale renovation of EverBank Stadium. But that crucial political win now will lead to several other issues for the team that still need to be settled. 

The council’s approval by a 14–1 vote with two abstentions and two absences provided an emphatic signal of the city’s desire to remain a big-league sports town, and mayor Donna Keegan (above, right) called the outcome “generational progress.” The Jaguars will pay $625 million in the project, plus cost overruns, in what is the largest single capital project in the history of Jacksonville. 

Challenges and Questions Ahead

Several issues, however, relating to the planned development of what the team is calling the “Stadium of the Future” are still outstanding. Among them:

  • Approval by NFL owners: The measure must also go before other NFL team owners, and that is slated to happen at fall meetings scheduled for Oct. 15–16 in Atlanta. The Jacksonville agreement calls for a 55% contribution from the public sector. That figure is lower than the taxpayer funds going into stadium projects in Buffalo and Tennessee, both in actual amount and percentage of overall development cost. Kansas lawmakers also recently approved a bonding measure that could cover 70% of a stadium development if the Chiefs move across the border from Missouri. But amid thorny political issues in other NFL markets such as Chicago, Jaguars executives said they don’t anticipate a problem with other owners and said they “look forward to getting this finalized.”
  • Where to play in 2027? The deal calls for a renovated EverBank Stadium to reopen in 2028. But the year before, the team will need a new home while some of the more substantive construction work is done. After a prior consideration of Daytona International Speedway, the leading options now are Ben Hill Griffin Stadium in Gainesville, Fla., and Camping World Stadium in Orlando. Both facilities are within two hours of Jacksonville, and Jaguars owner Shad Khan (above, left) said he wants the temporary home to be “close enough for the fans.”
  • What about London? The 30-year lease deal with Jacksonville includes a non-relocation provision, and it limits what the Jaguars can do in London. The team will still play there once a year, except when mandated by the league to play in an additional international game. But a regular presence by the team in London that began in 2013 and included two games last year in a league first will now have clear guardrails. For the ’27 season specifically, the Jaguars also have an option to play up to three games there, again due to the construction. 

‘Organizational Failure’

Khan, meanwhile, also is still lamenting the Jaguars’ end to the 2023 season, in which an 8–3 start faded to a 9–8 final record, leaving the team out of the playoffs. 

“I think it’s organizational failure that it happened,” he said. “All of these players that I talked to, it’s like, ‘How could this happen? What happened?’ For me, it’s really a cause for self-reflection and then something good to come out of it, because we just can’t have that this year. For us, winning now is the expectation.”

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Jim Irsay
breaking

Colts Owner Jim Irsay Dies at 65

Irsay had taken over the Colts from his father in 1997.
Gillette

Boston NWSL Team to Play at Gillette After Legal Fight Delayed Own..

The team beat a lawsuit from locals against their stadium in April.
Feb 2, 2025; Orlando, FL, USA; NFC running back Bijan Robinson of the Atlanta Falcons (7) carries the ball against AFC linebacker Zaire Franklin of the Indianapolis Colts (left) and cornerback Marlon Humphrey of the Baltimore Ravens during the 2025 Pro Bowl Games at Camping World Stadium.

Everything You Need to Know About Olympic Flag Football

The league will allow active players to compete in 2028.

Roger Goodell’s Tenure May Extend Again As NFL Eyes New Deal

Roger Goodell could stay in place well into a third decade.

Featured Today

AA Mint Cards

Young Collectors Are on a High-Stakes Chase for Ultra-Rare Trading Cards

“They just want that excitement of the chase,” says a 23-year-old collector.
Donnie Gobourne JDL
May 17, 2025

U.S. Professional Softball Players Are Flocking to Japan to Get Paid

The Diamond League offers paychecks and amenities that the U.S. can’t beat.
Jun 1996; Seattle, WA USA; FILE PHOTO; Seattle Supersonics guard Gary Payton (20) lays the ball up against the Chicago Bulls during the 1996 NBA Finals at Key Arena.
May 15, 2025

5,000 Pieces of Thunder History Are Hidden in Seattle

Sonics championship banners, trophies, and retired jerseys are all in one place.
Ohio State Buckeyes safety Caleb Downs (2) returns an interception during the second half of the Cotton Bowl Classic College Football Playoff semifinal game against the Texas Longhorns at AT&T Stadium in Arlington, Texas on Jan. 10, 2025. Ohio State won 28-14.
May 15, 2025

House v. NCAA Settlement to Pay College Athletes: All Your Questions Answered

The yearslong lawsuit over player compensation is in the home stretch.
Sep 25, 2022; Chicago, Illinois, USA; A general view of Soldier Field before a game between the Chicago Bears and the Houston Texans. Chicago defeated Houston 23-20.

Bears Pivot to Suburbs As $4.7B Downtown Stadium Plans Dim

The NFL team has reversed course on its lavish plans.
Shai Gilgeous-Alexander
May 16, 2025

Public Funding for Arenas Is Failing Everywhere—Except Oklahoma City

Voters chose to fund $850 million for a new Thunder arena.
May 18, 2025

Final Preakness Stakes at ‘Pimlico As We Know It’ Delivers High Drama

The Baltimore horse racing track is set for a $400 million renovation.
Sponsored

Game On: Portfolio Players Stories, Brought to You by E*TRADE from Morgan Stanley

In Episode 6 of Portfolio Players, dive into the world of sports investment with George Pyne, founder and CEO of Bruin Capital. Discover why owning a sports team is considered recession-proof, how leagues like MLB and UFC have adapted to the new media landscape, & the complexities of NIL.
Gianni Infantino
May 14, 2025

Rights Groups Sound Alarm on Saudi Worker Deaths Ahead of World Cup

Saudi Arabia promised construction of 11 stadiums for the 2034 World Cup.
Boomstick Burrito
May 11, 2025

The Arms Race to Create the Wildest Ballpark Concessions

Forget the score—did you see the milkshake?
May 6, 2025

Trump Gets Another Golf Win With Euro Tour’s Scottish Championship

Trump International Golf Links Scotland will host a tournament in August.
May 6, 2025

After Getting Sixers to Stay, Comcast Putting Its Own Name on Arena

Comcast will spotlight its mobile business at the South Philadelphia venue.