(12-04-2020, 06:47 PM)HandsomeRob86 Wrote:

(12-04-2020, 04:40 PM)mikesez Wrote: Ironic, because Camping World stadium is actually newer than the 'bank.

Which was also a mistake. If I was mayor of Jax I wouldn’t upgrade anything without a 20 year lease with no option to break or at least a huge penalty like 2 billion dollars. Especially when you are doing 20 years what seems like a big penalty (say the jags 100 million dollar current penalty) can end up actually being small. 100 million wouldn’t stop a move to London if the franchise value would double to over 2 billion. But a 2 billion dollar penalty, that would probably take more than 20 years to pencil out. It would also be a reasonable sign of good faith commitment over a time period I should expect to be able to grow the area around the stadium.

Orlando paid for it with bed taxes.  Orlando gets 3 college bowl games plus the Florida classic, that's 4.  In a non covid year, the 7 or 8 jags home games drive about as much hotel business as FL-GA and the gator bowl.  So there is a symmetry there between Jax and orlando.
If the stadium upgrades are paid out of bed taxes and the Lot J upgrades are paid for out of the same or a special improvement district tax, there isn't much real exposure for the ordinary taxpayer.
But I think Shad's been getting money out of the general city budget too.  That shouldn't continue.

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