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Jags Stadium Plans Move Forward
The National Football League’s (NFL) Jacksonville Jaguars have received tentative approval for their plans to rebuild the EverBank Stadium, as part of a $1.4 billion deal with city leaders. The franchise and city will pay $625 million each for the $1.25 billion project. The City of Jacksonville will contribute a further $150 million to help prepare the EverBank Stadium for construction in 2026. No new taxes will be introduced to pay for the rebuild. The deal also includes a 30-year lease, keeping the team in Jacksonville.
The Jaguars hope to begin construction after the 2025 season and plan to play in front of a reduced capacity in 2026. Jacksonville’s city council will vote on the proposal for the rebuild in late June. Should it be passed by a majority, NFL owners will then decide whether to approve the project in October.
- ◦Development
