Menu
Generation Jaguar
  • Shop
    • Women
    • Winter Gear
    • GenJag T-Shirts
    • GenJag Hats
    • GenJag Stickers
    • GenJag Gift Cards
  • Shop
    • Women
    • Winter Gear
    • GenJag T-Shirts
    • GenJag Hats
    • GenJag Stickers
    • GenJag Gift Cards

JAGUARS NEWS

TAKEAWAYS FROM THE JAGUARS' LATEST PLAN FOR SHIPYARDS & SPORTS PERFORMANCE COMPLEX

6/3/2021

Comments

 
Picture
Everything you need to know from the Jaguars' announcement of "1st DownTown Jacksonville."

BY JORDAN DE LUGO


In front of a packed house saturated with media members, politicians, and business leaders, Jaguars' owner Shad Khan and President Mark Lamping delivered their latest proposal for the revitalization of downtown. Inside the East Club of TIAA Bank Field, the Jaguars shared their new initiative, "1st DownTown Jacksonville," which Khan described as a brand, movement, community, and call to action.  

Here's everything you need to know.

The Jaguars were better prepared, more reasonable, and are in a better position to see these plans come to life

A number of factors lead Mark Lamping to believe that the team is in a much better position to transform these plans and renderings into reality. The Jaguars were unsuccessful in their negotiations to develop a mixed-use venue on the current site of Parking Lot J. But phase 1 of their new plan, which includes the development of the Shipyards into a Marina, a Four Seasons Hotel, and a six-story office building, along with a sports performance complex, benefits from the failure of their past proposal. Why? There is now only one primary investor, Shad Khan himself. The partnership between Khan and the Cordish Companies didn't produce the desired results, so Khan and the city will be negotiating without a third player. Their new plans are also more city and tax-payer-friendly because they'll cost significantly less and will not require a bizarre loan structure. The city would own the new sports complex while the Jaguars would manage it. With a new sports performance complex, the Jaguars would turn over the current flex field for the city, creating the potential for all manner of large events. The total cost of Phase 1 is projected to be $441 million. 

A New Hope Tee

Shop
The long term goal is to renovate the current stadium

Phase 1 of the Jaguars' plan to revitalize downtown includes the aforementioned projects, which will lead to the ability for stadium renovations instead of an entirely new stadium in the eyes of Khan and Lamping. Lamping shared that the goals for a massive stadium renovation would include shade for all seats, wider concourses, increased space for football operations, and replacing HVAC, plumbing, mechanical and electrical systems. According to Mark Lamping, instead of building an entirely new facility, Renovating the current one would save $500-600 million. 

There is no clear timeline, but we know the order in which the Jags wish to proceed

The Jaguars have submitted a term sheet to the Jacksonville Downtown Investment Authority, and how quickly these new projects could come to fruition is in the hands of the DIA. But the Jaguars want the Shipyards and the Sports Performance Complex to come to fruition before they work on significant stadium renovations. Having an external sports performance complex and office tower would give the Jaguars the ability to operate at full capacity during offseason stadium renovations. Khan said that he is committed to keeping games in Jacksonville during the stadium renovations. 

Long Term Commitment

These plans clearly show Khan's long-term commitment to Jacksonville. But even if this project suffers the same fate as Lot J (highly unlikely), there's plenty of evidence that Khan desires to keep the team in Jax. In the last year, Khan has donated $250,000 to Lift Ev'ry Voice and Sing, $1 million to LIFT Jax in support of the Eastside community, $5 million to MOSH, and today revealed a $4 million, 20-year commitment to adopt Met Park. 

The improved plan presented today, along with the donations and long-term commitments from Khan, signal that he has no desire to leave Jacksonville.  

For more info on the presser and the Jaguars' plans for the future, follow Jordan on Twitter. ​
Comments

    This website uses marketing and tracking technologies. Opting out of this will opt you out of all cookies, except for those needed to run the website. Note that some products may not work as well without tracking cookies.

    Opt Out of Cookies

    SHOP GENJAG

    Jax Skyline Dad Hat

    Shop

    PODCAST

    Powered by RedCircle


    LATEST VIDEO


    TWITTER
    Tweets by generationjag

      GENJAG
      ​FOR YOUR INBOX

    Subscribe

    Voted #1 Blog in Jax
    2016


    Categories

    All
    Analysis
    Draft Coverage
    DUUUUVAL Daily
    Free Agency
    High School
    Latest News
    Madden
    News
    Podcast
    Poll
    Video

GET SOCIAL

Contact: info@genjag.com
© 2022 Generation Jaguar | Terms | Privacy | 
This site is not affiliated with nor endorsed by the NFL or the Jacksonville Jaguars."NFL" is a registered trademark of the National Football League. "Jacksonville Jaguars" are a registered trademark of the Jacksonville Jaguars. The information provided on this website is provided for information and entertainment purposes only. RSS Feed​.
Picture