Q: With a deal reached between the Jacksonville Jaguars and the city on splitting the cost of an estimated $1.4 billion “Stadium of the Future” renovation, Jacksonville Today reader Paul N. asks what taxpayers are getting for their money when it comes to investing in EverBank Stadium.
The search for the next Duval superintendent is in its final stretch, but you can still make your voice heardEverBank Stadiuma deal reached between the Jacksonville Jaguars and the city on splitting the cost of an estimated $1.4 billion “Stadium of the Future” renovation,Paul asks what revenue streams the city receives from its stadium ownership and what expenses the city incurs.
In short, the stadium costs the city drastically more money than it brings in. In response to our public records request, the city’s contracted stadium operator, ASM Global Management, provided annual financial reports that show this recent financial snapshot:On top of annual operating costs, the city also pays off debt on the facility. According to a city council, as of 2021, the principal and interest owed for stadium debt was projected to be roughly $95.7 million through 2031.
“I’m sorry to do this, but we’ve made the decision that out of respect to the negotiations and where it stands, we won’t be commenting on the Stadium of the Future at this time,” Jaguars spokeswoman Lyndsay Rossman said in a March email canceling a previously scheduled meeting between Lamping and“If the stadium is the strong economic driver that the Jags say it is, then they should be releasing everything.
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