History of Cost Overruns NFL Game Day Advertising Stadium Management

for COJ & Jaguars Capital Projects & Naming Rights Revenue Team City
Jaguars responsibilities now to include:
Budget ($M) Overruns (%/$M) Jacksonville Current • Day-to-day stadium operations
3.5% 14.3% 0.7% 4.6% 25.8% 13.9% Jacksonville New
• Develop annual budgets and capital & maintenance
Stadium of the Future: 100%
2.1 3.6 .33 .92 30.9 37.9 Buffalo
plans (subject to joint approval by City & Jaguars)
Economic Framework New Orleans
Nashville
• Maintain facility to agreed upon standards
• Determine structure & staffing levels
• Protects the Taxpayers 62.3 25.0 45.0 20.0 120.0 272.3
Cleveland
0% to achieve facility goals
• Benefits the Entire Community Indianapolis
Scoreboards Amphitheater Miller Electric • Attract major non-NFL events to the Stadium
• Secures the Jaguars in Jacksonville Center Kansas City
Clubs &
• 30-Year Lease with Non-Relocation Agreement South End Zone Flex Field Total Cincinnati
Community Benefits Agreement
Construction Cost Sharing ($M) NFL Game Day Expenses COJ Jaguars International Games Construction
TOTAL COJ JAGUARS
0% 19.6% Current Lease New Lease
During construction, the Jaguars commitment
to local community will be driven by:
Budgeted
Stadium Not specifically One home game annually, per • Construction Workforce Development Programs
$1,250 $625 50% $625 50% current custom, plus
Construction addressed in lease
NFL-assigned games • Jacksonville Small & Emerging Businesses (JSEB)
Deferred Capital 100% 80.4% • Maximize Use of Local Companies & Residents
+ Maintenance $150 $150 100% - 0%
/Start Up
2023 Current Lease 2028 New Lease Operations, Utilities & Events Fund On-Going
TOTAL $1,400 $775 55% $625 45% $150 MILLION invested by COJ and
Parking Non-NFL Events Net Profits* $150 MILLION invested by the Jaguars
in targeted community initiatives including:
F RO M I -9 5

Stadium Rent
Budgeted Stadium Construction Y XX 250
2 0 T H S T . E XP RE S S W A Y

50 A N D N O RT H S I D E
E AST V I A

• OUTEAST Neighborhood: Community Development

F RO M U N I O N S T . AY
MAT T HE WS B R I D G E
I -1 0, I -95 A N D ES SW
EX PR

Peer Market Public Funding

GT ON

Ticketing & Parking Surcharges

W E S T S I DE ALBE RT STREET AR LIN

ARLINGTON EXPRESS WAY

BEAVER STREET
BEA VER
STR EET

for all Stadium Events & Affordable Housing / Homelessness

STR EET
90 V
A . P H IL IP R A N D O L P H A V E N U E

150
1995 Jacksonville 100%
PLAYER CORRAL

PAR KER
PA L M E T O S T R E E T

Z 124 • Countywide: Workforce Development

STR EET
A
JACKSONV ILLE

SC Operations, Utilities
FAIRGROUNDS

BRY AN
STR EET
DUV AL

2000 Cincinnati 100% 694

SPORTS
COMPLE X
GARAGE
DU VAL STREET
MILLER ELECTRIC
GATE 2 GATE 3
JTA

& Events Fund & Affordable Housing/Homelessness

2008 Indianapolis 86% P
CENTER

UE
F R A N KL IN S T R E E T

DUVAL STREET

184 N
• Parks: Development of the Riverfront Plaza,

EN
121 TAI LGATERS

AV
VYSTAR

C
FINANCIAL PARKIN G LOT
487
*If the parties do not agree on a particular event,

ND
MEMORIAL PARK

RA
ARENA

1999 Cleveland 82%

EY
LL
P

TA
VETERANS

M 235
Shipyards West Park, Metropolitan Park and
MEMORIAL
WALL

AG
either party can opt out of the event with the remaining
ARENA PARKING

166
GARAGE
STR EET
ADA MS

TT
2010 Kansas City 67%
ADAMS STREET

Flex Field Conversion on the Northbank of

GATE 1 GATE 4

THE DO RO
FIRST COAST
NEWS 72
D party accepting full financial responsibility for the event
G E O R G IA S T R E E T

DOWNTOWN E AST V I A

E
J 1,309
JA CK S O N VI L L E DISTRICT HAR T BR I D G E

2024 New Orleans 67% BAY STREET FLEX FIELD 468 389 if they choose to move forward the St. John’s River & Public Park Upgrades
2026 Buffalo 61% S
200 600
GATOR BOWL BOULE VARD WEST BOUND
GATOR BOWL BOULEVARD EAST BOUND
Combined with Youth Sports Programming
2027 Tennessee 60% X TBD throughout Duval County
2028 Jacksonville
On-Going Capital, Maintenance,
50% Stadium Operations & Utilities Jaguars $150M contribution will be paid in equal installments
over the 30-year term of the new stadium lease
History of Recent Annual Stadium Rent ($M) Bed Tax COJ Jaguars
Northbank Development
NFL Stadium Cost Overruns ($M) Jacksonville Current Avg. 0.875 Rent, Surcharges & Non-NFL Event Profits
• Jaguars currently hold the right of
Jacksonville New Avg. 1.350 100% first offer on a 4.96 acre parcel west of
L.A. Rams 107% - 2,840 26.2% the Four Seasons & office building site
Buffalo 0.90 80% 43.6%
San Francisco 67% - 576
Atlanta 60% - 600
New Orleans 0.80 6.2% • Jaguars to pay $25M as a credit for the
60%
Buffalo 43% - 600 Nashville 3.0 per ticket non NFL events future purchase, at fair market value, of the
40% 25.7% 4.96 acre parcel plus a 1.9 acre adjacent parcel
Minnesota 22% - 215 Cleveland 0.25 67.6% and marina basin
Las Vegas 13% - 230 Indianapolis 0.25 20% 15.4%
Tennessee TBD • The Jaguars commit to complete a development
Kansas City 0.45 + % gross receipts 15.4%
0% with a minimum value of $100M within 4 years of
Jaguars responsible for cost overruns Cincinnati City pays team 3.50 2023 Current Lease 2028 New Lease opening the renovated stadium