JACKSONVILLE, Fla. — Sources are telling Action News Jax’s Ben Becker some details of Jacksonville’s proposed $1.25 billion stadium deal.
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Here are some of the details:
- $625 million each to be contributed by the City of Jacksonville and the Jacksonville Jaguars. Financing is still to be determined. $150 million will be in workforce money from the city geared toward the Eastside, with the Jaguars matching that figure.
- One home game a year will remain in London with the possibility of two home games played away from Jacksonville in one season every four years. NFL rules require every team to play one international game every four years. The rule right now is once every eight years, but it will go to every four years in 2025.
- It’s unclear where the Jaguars would play during stadium renovations, although Gainesville is the likely landing spot if the team plays home games out of Jacksonville.
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Becker shared last week a memorandum of understanding from former Jacksonville Mayor Lenny Curry’s administration. Here’s a look at the details of that proposal:
We'll have to wait and see the Deegan plan for the stadium, but this is what the Curry administration negotiated in May 2023. Will city still pay 67% of cost if an entertainment district isn't part of the deal? pic.twitter.com/k0OLvh3GBt
— Ben Becker (@BenBeckerANjax) May 8, 2024
For this deal, which has been under negotiation since September, the Jaguars and the city are expected to make their announcement of the details at Tuesday’s Jacksonville City Council meeting.
Stay with Action News Jax for the latest details as we learn more.
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