Tag: Upgrades

Stadium

Why in the world would the city of Jacksonville pay 70% of the stadium upgrades?

by William Neilson Jr.

Yesterday, the world was told about the Jacksonville Jaguars big stadium plans. For $1.4 billion dollars, the team will become Jacksonville's “long-time home and spur downtown development”. According to the Jaguars, the city, and team would “share the expense” so long as both sides agreed on the renovations and a lease extension. Maybe you would be concerned about the amount of money that the city would spend on this project. But the Jaguars continue to…

ArenaStadium

Chicago has $700M left in debt payments for Solider Field, Hotel Tax revenues falter

by William Neilson Jr.

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 is running out of money to pay for contractual upgrades to the stadium along with continuing to fund debt payments.…

Stadium

Jacksonville Jaguars continue asking for public money, continue playing less home games

by William Neilson Jr.

Ever since Shad Khan bought the Jacksonville Jaguars in 2012, he has made it a point to routinely ask the city and state for as much public money as possible. In 2013, the city of Jacksonville paid $43 million of the $63 million needed for scoreboard upgrades. With interest, the city will have paid out $96 million for this project. In 2014, the city paid $1.4 million to upgrade the Wi-Fi at the Jags stadium.…