Here's what to look forward to prior to the June vote.
The Jaguars has to pay the city 100% of the city's taxpayer contribution if the team relocates and breaks their lease in the first 14 years of agreement.At $1.4 billion, the Stadium of the Future project will be the largest building project in Jacksonville's history if it is approved by Jacksonville City Council, but this agreement could pave the way for major improvements to the city that go beyond the stadium.
White said he knows the value of having an NFL team in Jacksonville, but wants to verify how valuable the team said they are to the city. There is a safety mechanism to the city's investment into the stadium, the Jaguars would have to pay the city for breaking the lease if they relocate as a franchise.
The scale declines by about $48 million every year until reducing to zero dollars in the 30th and final year of the agreement. However, the Jaguars are not required to stay in Jacksonville for every home game. Part of the lease guarantees the Jaguars the right to play one home game a year outside of Jacksonville. The team has played in London 11 times since 2013.
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