Why in the world would the city of Jacksonville pay 70% of the stadium upgrades?
Jacksonville has already given so much to the Jaguars. Remember when the city hosted the Super Bowl in 2015? Around $40 million dollars in taxpayer money was given to the team to improve the stadium just for that game. In 2013, the city gave the team another $45 million for upgrades and renovations. In 2015, the city split the bill with the team on a $90 million project....so another $45 million.
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Chicago has $700M left in debt payments for Solider Field, Hotel Tax revenues falter
Last week, Crain’s Chicago Business had a good article discussing the financial issues that the city is facing with the current Bears stadium. Even though the Bears are trying to scam another city into paying for a new stadium, their current one continues to cost the city of Chicago millions of dollars. Basically, the city […]
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Jacksonville Jaguars continue asking for public money, continue playing less home games
Keep in mind that the stadium continues to kill the city of Jacksonville's finances every year. In one specific year, the stadium cost the city $23 million while bringing in just $4.5 million. Nothing says good deal like an 80% loss.
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