Jacksonville City Council Approves Jaguars Stadium Deal

It is official: the Jacksonville City Council has given its stamp of approval on the Jaguars' proposed stadium renovation deal.

Mayor Donna Deegan and Jacksonville Jaguars owner Shad Khan talk Tuesday, July 18, 2023 at the new Miller Electric Center at EverBank Stadium in Jacksonville, Fla. Selected guests and media witnessed speeches, a ribbon cutting and tour of the new facilities. / Corey Perrine/Florida Times-Union / USA

The Jacksonville City Council has officially approved the Jaguars' proposed stadium renovation deal, ushering in the 'Stadium of the Future'.

The council approved the deal with 14 yes votes.

According to 1st DownTown Jacksonville, a timeline for an approved stadium proposal is as follows:

• NFL owners vote: October 2024

• Construction begins: Feburary 2025. Jaguars would play 2025 season in Jacksonville with a capacity of 60,000+,

• Jaguars reduce capacity: For the 2026 season, the Jaguars would play the season in Jacksonville with a reduced capacity of 43,500.

• Jaguars play away from Jacksonville: For the 2027 season, the Jaguars would play their home schedule outside of Jacksonville for the first time in franchise history.

• Facility opens: August 2028.

The stadium project is estimated to cost $1.4 billion. The proposed deal includes a 30-year lease agreement with a Non-Relocation Agreement. Both the Jaguars and the City of Jacksonville will contribute $625 million to construction costs, with the Jaguars taking on any overrun costs.

"Mayor Donna Deegan, lead negotiator Mike Weinstein, and Jaguars President Mark Lamping jointly presented a landmark stadium renovation agreement at the Jacksonville City Council meeting on Tuesday, May 14," the City of Jacksonville said in a statement in May.

"Estimates suggest the economic impact of the renovated stadium to the Jacksonville community throughout the Jaguars’ 30-year lease will total $26 billion, with an estimated $2.4 billion in one-time economic impact during construction. This $1.4 billion deal compares favorably to other NFL markets. It is also the largest public infrastructure investment in Jacksonville history, and the largest private investment in the history of downtown Jacksonville.

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