Jacksonville Jaguars propose $441M project for stand-alone football facility

JACKSONVILLE, Fla. — The Jacksonville Jaguars and proprietor Shad Khan are proposing a plan for a growth mission round TIAA Financial institution Subject that would come with the stand-alone soccer facility desired by coach City Meyer.

The price for the two-phase mission could be greater than $441 million, with Khan paying for half of the $120 million soccer facility. The Jaguars hope the mission is step one in what they’re calling the Stadium of the Future for Jaguars followers, which means eventual vital renovations — or presumably even a brand-new one — inside the subsequent decade.

“Shad is making an enormous wager on our future,” Jaguars president Mark Lamping stated in an announcement. “So, this can be a massive plan. Working collectively, we will make this occur.”

A transformational second for the Metropolis of Jacksonville and the @Jaguars. #OwnIt pic.twitter.com/v3nql0EHK5

— City Meyer (@CoachUrbanMeyer) June 3, 2023

Though the group hopes development might start by the top of the 12 months, the proposal nonetheless should acquire approval from a number of metropolis committees in addition to the town council. Khan had been the driving power of a earlier $450 million mission proposal much like the brand new proposal (sans observe facility) in one other space adjoining to the stadium, however the metropolis council failed to succeed in a majority vote this previous January and the mission was shelved.

Meyer has been vocal about his need for a brand new soccer facility as a result of he believes the group’s present setup — through which every part is contained within the bowels of TIAA Financial institution Subject — is insufficient.

The proposed 125,000-square-foot facility could be constructed exterior the north finish of the stadium and would come with locker rooms, assembly rooms, coaching and restoration areas, medical assist amenities, a weight room, eating areas and places of work. It might additionally embrace public viewing stands, restrooms, concession areas, a retail retailer and a public assembly house.

As well as, there could be two full-size grass observe fields and a full-size indoor observe discipline. The Jaguars at the moment have an indoor observe discipline on the south finish of the stadium, however the brand new plan would give it to the town’s parks and recreation division for 300-plus days a 12 months.

The proposal stated that the group would signal a long-term lease of the power and that the group — not the town — could be accountable for ongoing upkeep and operational prices.

The group and its affiliated actual property growth firm hope development might start by the top of the 12 months and be accomplished in 2023.

Having a separate facility exterior the stadium would enable the group to proceed its regular operations whereas work is completed on the city-owned stadium, the group stated in its launch. The group has been laying the groundwork for vital work to the city-owned stadium however didn’t launch a proposal for potential renovations or development to the stadium or state whether or not Khan could be prepared to contribute any cash to that mission.

Khan, nevertheless, did contribute $76 million to assist pay for earlier renovations: $11 million on locker room and weight room renovations, $20 million to assist erect the NFL’s largest scoreboards and assemble two swimming pools, and $45 million to assist fund an indoor observe facility and outside amphitheater and to renovate the membership seats.

Among the many different gadgets in Part 1 of the proposal could be a 4 Seasons resort and residences, workplace house and renovations to the city-owned marina. The group stated complete value for Part 1 could be $441 million.

Part 2 consists of an orthopedic sports activities drugs complicated, retail house and a parking construction. No value was listed for Part 2.

“My objective is for downtown Jacksonville to be the envy of cities right here within the U.S. and elsewhere, and I see no purpose why we will’t obtain that objective,” Khan stated in an announcement. “I’m assured we have now the native management, spirit and dedication to revitalize downtown Jacksonville in a way that may make the world take discover whereas additionally serving the wants of the group and the individuals who make Jacksonville their dwelling.”