Jacksonville, FL, May 14, 2024 - 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.
All parties are pleased to have reached agreement on the framework of a deal that protects the taxpayers, benefits the entire community, and secures the Jaguars' presence in Jacksonville for decades to come.
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.
More details on the agreement and renderings can be found at www.jacksonville.gov/sotf
About the City of Jacksonville
The City of Jacksonville is the largest city by land mass in the contiguous United States, serving nearly one million residents. City of Jacksonville leadership includes Mayor Donna Deegan and a 19-member City Council led by President Ron Salem. To learn more, visit jacksonville.gov.
About the Jacksonville Jaguars
The Jacksonville Jaguars are a professional football team, one of 32 member clubs of the National Football League (NFL), aligned in the South Division of the American Football Conference (AFC). Founded on Nov. 30, 1993, the team began play as an expansion team in 1995 and will compete in its 30th season in 2024. The team is owned by Shahid Khan, who purchased the franchise in January 2012. The club plays its home games at EverBank Stadium, located near the St. Johns River in downtown Jacksonville, Fla. Since their inaugural season in 1995, the Jaguars have won four division titles and made eight playoff appearances, playing in 16 postseason games.
