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NFL's Jaguars Reveal $2.5B Project Renderings

Tuesday, April 24, 2018

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The National Football League’s Jacksonville Jaguars held their annual State of the Franchise event late last week and with it came the official announcement of plans for a $2.5 billion redevelopment of the area surrounding the arena.

Images courtesy of the Jacksonville Jaguars

The National Football League’s Jacksonville Jaguars held their annual State of the Franchise event late last week and with it came the official announcement of plans for a $2.5 billion redevelopment of the area surrounding the arena.

An upgraded marina, exposition space, mixed-use entertainment buildings, a high-end hotel, a convention center, a park and a parking garage are all in the works for the 4.25 million square feet of space.

Project Details

The Jaguars and Iguana Investments selected Baltimore-based developer Cordish Companies for the project.

“The Cordish Companies understand the challenges and, therefore, the opportunities in reimaging downtown districts and entertainment complexes throughout the country,” said Jaguars Owner Shad Khan.

“There are many qualities that make Cordish our choice in Jacksonville, but one in particular is the company’s ability to customize and tailor its approach to the property it will develop while being very mindful of the community it will serve. The first phase of this development will be key, and we do not think we could have chosen a better partner.”

The plan also envisions moving the current Veterans Memorial Wall to a different place along the St. Johns River. This plan, however would require some infrastructure tweaking as ramps to the Hart Bridge would have to be removed.

An upgraded marina, exposition space, mixed-use entertainment buildings, a high-end hotel, convention center, park and a parking garage are all in the works for the 4.25 million square feet of space.

"The great redevelopment potential that that will unlock—the ambition and the scope of the development on the banks of the St. Johns River will be significantly greater if those lanes get back to grade,” said Jaguars President Mark Lamping.

Khan said that the plans hope to bring an energy to the stadium every day, not just on game days.

Mayor Lenny Curry is also on board, and said that he’s open to a financial commitment from the city. He added that the city will petition for a federal grant in terms of the bridge ramps.

   

Tagged categories: Developers; Stadiums/Sports Facilities

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