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The proposal calls for the team and city to contribute $625 million to the $1.25 billion project. Jacksonville, which won’t levy new taxes to fund the rebuild, would chip in another $150 million to prep the site.
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When asked if the taxpayer investment of $775 million for a renovated Jaguars stadium should go to a referendum, Mayor Donna Deegan replied: “I believe the referendum was my election back in May."
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The city council must vote on its half of the financing, which would be done by moving $600 million from a capital improvement plan and an existing, half-penny sales tax. No new taxes would be implemented.
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A series of town hall meetings will begin Monday to gauge the public's reaction to plans for TIAA Bank Field.
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The resurrected proposal would keep an untouched pool of money from being used toward stadium construction and renovation.
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LA's Coliseum, Built As A War Memorial, Is Getting A Corporate Sponsor. Some Veterans Are ProtestingSimilar debates have played out elsewhere, as sports stadiums that were originally built as memorials to veterans take on new corporate names.
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A Tampa architect says an 18-acre site on the Hillsborough River could be the new home of the Tampa Bay Rays. William Henry presented his proposal during…
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Getting the state to come to the rescue of sports teams trying to build or refurbish stadiums could soon become a thing of the past.The bill, sponored by…
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A ban on professional sports franchises building or renovating stadiums on publicly owned land is ready to go to the full Florida House, after speeding…
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Professional sports franchises would be prohibited from building or renovating stadiums on publicly owned land under a measure introduced Tuesday in the…
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State lawmakers again will consider a proposal to discard an unused pool of state sales-tax dollars available to build and upgrade professional sports…
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TALLAHASSEE — Sports franchises wouldn't be able to build or renovate stadiums on publicly owned land under a measure that won House approval Thursday.