When the final document drops, I encourage everyone here to go read it. You might think twice about this being any kind of deal given the terms there... this is probably one of the most lop-sided real estate transfers I have ever witnessed. Quite frankly, there isn't a comparison to this deal in the entire NFL. Yes, I read all 319 pages before it was amended & taken down to be edited.
Here are some more highlights to Gay's list:
- $25M credit becomes a city payable if the Jags decide not to exercise the option
- $25M credit can actually be used for more land than just the adjacent Shipyard parcel & that credit can at the full discretion of the Jags be used towards construction costs
- Jags essentially have a blanket easement for over 25+ acres of parking for 30 years
- City, on multiple expenses, increases their outlay with CPI, while the Jags don't in any part of the agreement
We have just "sold" more than 25 acres of land, on top of paying $700M+ to the Jags for the stadium/parks. And this is a deal?? Really hard to see it as such. We have a very loud echo chamber locally.