“This is a great thing for the city it’s great for the growth,” Bryen Olive said. Jaguars fans had mixed feelings about the cost. The documents also say Jaguars would have the rights to several parking lots and would establish a special taxing district to include all new development outside the stadium in the sports complex. Possible temporary game locations during renovations range anywhere from Jacksonville to London, Orlando, Gainesville and Daytona Beach as options. It details a timeline, saying early work could begin in February 2025 and finish in July 2028. It may be accurate and if it is, I the city can find a way to fund that,” Carlucci said. “I think it’s too early to say whether that’s accurate or not.
He said he wished he saw the documents earlier. The memorandum of understanding was labeled May 11 and May 24 and it says the city would do a 50/50 split of the cost and could shell out anywhere from $875 million to over $1 billion for the sports district development.Īction News Jax spoke with Matt Carlucci, Jacksonville City Council member, At-Large Group 4. New documents obtained by Action News Jax detail the framework and says the project could cost over $2 billion in total. on Wednesday and is the first step toward a stadium renovation and sports district development that will shape the heart of Jacksonville, and city budgets for decades to come. The Jacksonville Jaguars will share their proposal for the “Stadium of the Future” to renovate TIAA Bank Field and the surrounding area.
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