Wednesday, October 2, 2013
Khan kicks in $20M to help stadium
By Michael DiRocco
JACKSONVILLE, Fla. -- Jacksonville Jaguars owner Shad Khan has upped the ante on his commitment to the city and EverBank Field.
The team announced Wednesday that it is contributing $20 million toward $63 million in stadium improvements that include two new video scoreboards and an interactive area inside the stadium that will include a pool. That brings Khan’s total investment since he purchased the team to $31 million.
Khan has already spent $11 million on improvements to the weight room, locker room and training facility.
The city will pay the remaining $43 million for the stadium improvements from its Sports Complex Maintenance fund, which is funded by a 2 percent tax on hotel guests in Duval County. None of the money in the city’s general fund -- which pays for services such as public safety, parks and libraries -- will be used.
“Our plan with the Jaguars will keep us on course by making our NFL football league stadium a world-class facility,” Jacksonville Mayor Alvin Brown said. “We’re paying our share in a fiscal responsible way. In these challenging fiscal times I was determined not to add the burden on hard-working Jacksonville taxpayers.”