Although the Jacksonville Jaguars have had a tough go around with a 2-5 record for this year’s football season, the team still had a huge win last week – a new Jaguars stadium approved by the City of Jacksonville.
It has been a long four months in negotiating with the City, but last week, the city had passed a $1.4 million deal to renovate Everbank Stadium or, as some would say, TreverBank.
This deal allows for the Jacksonville Jaguars to stay playing in the city over the next 30 years, which also needed three-fourths approval of the NFL owners’.
Reaching this deal took all 32 franchise owners to agree to split costs with the team and required that the City of Jacksonville renovations meet the leagues’ standards.
The deal reached a historic $300 million community benefits agreement.
“Never doubt Jacksonville. That was my message in the summer to Mayor Deegan, the Jacksonville City Council and our residents, and I am humbled and grateful that my fellow NFL team owners agree,” Jaguars owner Shad Khan said based off Jacksonville Business Journal.
“Today’s league approval of our Stadium of the Future plan means we will realize our vision for a reimagined home of the Jaguars in downtown Jacksonville, scheduled to open in 2028.”
These renovation approvals are the third to be passed by the league owners after approvals for the Tennessee Titans and Buffalo Bolls stadiums to be modernized.
The new Everbank Stadium will have structural designs so it is protected against Florida weather. The City of Jacksonville will cover half the renovation costs, totaling close to $775 million.
Jaguars will be responsible for costs overruns.
There are hopes that the stadium renovations will begin early 2025 with expected opening to be prior to the 2028 football season. Civil plans for the stadium’s drainage calculations had been submitted in August.
