– Jacksonville Mayor Donna Deegan, Jaguars President Mark Lamping and the city’s lead negotiator, Mike Weinstein, announced Tuesday night that the city and the teamCity, Jaguars agree to split $1.25 billion cost on ‘Stadium of the Future,’ invest more in downtown JacksonvilleNow, it’s time for the community to weigh in.
According to Deegan, Lamping and Weinstein, who presented the deal to the City Council on Tuesday, the city’s $625 million portion will be factored into the annual budget across the next four years and won’t include a tax increase for residents. During the City Council meeting, the trio laid out numbers, a timeline, what taxpayers will be on the hook for and the two stadiums where the Jaguars could play during the renovation season, which would come in 2027.