Jacksonville and the Jaguars have jointly committed to a transformative $1.4 billion "Stadium of the Future" project, ensuring the NFL franchise remains in the city for another 30 years. The plan, which requires each side to contribute $625 million, was detailed in a recent city council meeting where it was disclosed that Jacksonville will also contribute an additional $150 million to prepare EverBank Stadium for renovations starting in 2026. This major project aims to modernize the stadium without levying new taxes on residents, with city funding sourced from extending a half-penny sales tax.
The Jaguars will play at a reduced capacity in 2026, with plans to host games in Gainesville or Orlando during the 2027 renovation year. As part of the proposal, the Jaguars will continue to play one home game a year in London and may play an additional international game every four years if required by the NFL.
Significant stadium enhancements include a new translucent covering that mimics wearing sunglasses, which is expected to lower temperatures by 15 degrees, increased concourse space by 140%, additional points of sale, escalators, elevators, and restrooms. The stadium's capacity could expand to 71,500 for major events like the Florida-Georgia rivalry game, incorporating existing features like pools and a party deck in the north end zone.
The deal also entails a 30-year lease agreement that emphasizes Jacksonville’s commitment to keeping the franchise local while allowing some international presence in London, catering to the Jaguars' global marketing rights in Ireland and the UK. Shad Khan, the Jaguars owner, has agreed to cover all construction cost overruns and take on the majority of game-day expenses.
Additionally, the redevelopment plans include a significant investment in surrounding area developments, potentially featuring a University of Florida satellite campus which could bring 10,000 graduate students to the area, enriching the local community and economy.
Councilmembers are expected to vote on the stadium proposal by late June, requiring a simple majority from the 19-member council for approval. If passed, it will advance to the NFL owners meeting in October, where it will need 24 of 32 votes for final approval. The project, with its extensive community and sporting benefits, positions Jacksonville as a future hub for major sporting and cultural events, reinforcing the city's strategic development objectives.
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