• Loading stock data...
Wednesday, December 11, 2024
The 2024 Best Employers in Sports Award winners have been announced! See the full list of winners

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

Bill Belichick to Take College Plunge at North Carolina

UNC made the official announcement late Wednesday.

NFL Scheduling Gambit Pays Off With Two Blockbuster Sunday Games

The Week 15 schedule has a game pairing seen only once since 1970.

F1’s TV Ratings Similar to 2023, but Still Below the Record Highs..

The F1 season averaged 1.1 million viewers in the U.S.

WBD Secures Comcast Deal, Readies for Future Without NBA Rights

The TNT Sports parent company continues to remake itself in dramatic fashion.

Featured Today

Nov 2, 2024; Denver, Colorado, USA; Detailed view of a Wilson NBA basketball held by a referee during the second half between the Utah Jazz against the Denver Nuggets at Ball Arena

‘Obvious Weak Point’: Refs Remain an NBA Gambling Concern

A season after Jontay Porter, the biggest risk may not be players.
Nov 2, 2024; Ann Arbor, Michigan, USA; Michigan Wolverines cheerleader runs with a flag before the game against the Oregon Ducks at Michigan Stadium.
opinion
December 7, 2024

College Football’s Billionaire Backer Era Begins

Is this the new normal in CFB recruiting?
LA Galaxy forward Dejan Joveljic (9) celebrates with midfielder Riqui Puig (10) after scoring a goal against Seattle Sounders FC in the second half in the 2024 MLS Cup Western Conference Final match at Dignity Health Sports Park
December 6, 2024

With or Without Messi, Major League Soccer Is Barreling Into the Future

After the Cup final, the league looks to accelerate its growth.
Dec 18, 2022; Lusail, Qatar; FIFA president Gianni Infantino claps during the awards ceremony after the 2022 World Cup final between Argentina and France at Lusail Stadium.
December 2, 2024

FIFA Wants More Matches. Resistance Is Growing Inside the Global Soccer World

Resentment and frustration over expanded schedules is nearing a breaking point.
Nov 3, 2024; Harrison, New Jersey, USA; New York Red Bulls midfielder Lewis Morgan (9) heads a ball during the first half against the Columbus Crew in a 2024 MLS Cup Playoffs Round One match at Red Bull Arena.

MLS Team to Play in ‘Sports Illustrated Stadium’ in $100M Naming Deal

It’s a partnership with a sister ticketing platform company, not the magazine.
Dec 7, 2024; Washington, District of Columbia, USA; Washington Wizards guard Jordan Poole (13) reacts after the final horn against the Denver Nuggets at Capital One Arena.
December 10, 2024

Capitals, Wizards Owner Monumental Aims to Drive ‘Downtown D.C.’s Comeback’

Monumental Sports, which owns the Wizards, is ready to anchor a D.C. comeback.
December 10, 2024

Manfred Reinforces MLB Interest in Tampa Remaining Rays Home

The commissioner meets with state and county officials to support the Rays.
Sponsored

How UBS Crafts Impactful Partnerships Across Sports, Arts, and Culture

As UBS continues to expand its impressive array of sports and entertainment partnerships, the company solidifies its position as a leader in wealth management.
December 6, 2024

Las Vegas Doubles Down on Sports With $1.75B Ballpark and NBA Arena

Ballpark and arena projects in the booming sports market receive key approvals.
December 5, 2024

Rays Reversal: St. Pete Approves $287M Stadium Bond Package

The approval gives the embattled project a big dose of resurgent energy.
Jan 3, 2018; Philadelphia, PA, USA; General view as Philadelphia 76ers center Joel Embiid (21) runs across the center court logo during the third quarter against the San Antonio Spurs at Wells Fargo Center.
December 4, 2024

76ers Sweeten Arena Deal, Offer More Benefits Despite Fierce Opposition

The NBA team shows an openness to revising a key arena agreement.
December 3, 2024

A’s Vegas Ballpark Cost Rises to $1.75B, but John Fisher Can Afford..

Additional amenities and rising construction costs create a new price tag.