The $100 Million Jacksonville Jaguars Scoreboards

[Metro Jacksonville]

The $100 Million Jacksonville Jaguars Scoreboards



Take a deep breath. The new scoreboards at Everbank Field are cool and no one is taking them down. But, maybe, we can talk about the money behind the scoreboards (and a little about the stadium) without anybody feeling threatened or vindicated.


Read More: http://www.metrojacksonville.com/article/2014-sep-the-100-million-jacksonville-jaguars-scoreboards

[vicupstate]

Informative, relevant and largely free of editorial commentary. MJ at it's best.

[Rob68]

Everyone screams funding source bullshit..its public city funds that shouldnt be used for the benifit of a few wealthy enough to go to games and ignorant enough to waist their money on such things...this city deserves to rot in its own ignorance...funding is funding and our leaders intend on keeping as much as they can for themselves and the games they play at every day..nasty roads..grass everywhere..lots of social programs flat broke and our leaders decide what a great idea a massive tv would be....BULL SHIT...IT ALL BULL SHIT..how does this tv help the general public...shad is swimming in cash and he wants us to pay for his play..you people are lost and deserve to suffer with what you cause.

[Noone]

Excellent article.

[FSBA]

This highlights one of the main things I see people misunderstand about the money the city used to pay for the scoreboards. People keep acting like the city just had $50 million lying around before spending it on the stadium. This was just another charge on the city's ever growing credit card bill.

[mbwright]

They should not have used the bond to lockup future revenue.  If Kahn wanted a TV, he could buy his own.  How will there be enough funds to maintain and improve the baseball grounds, and the arena?  More bonds?  They is a limit to this borrowing.

[Lunican]

Great article and graphic.

[JeffreyS]

If this was just a sober conversation about the money the article would've been written before the money was spent.  i'm on board with so many of our criticisms about spending money Outerbelt way, 711 tax breaks they don't ask for and incentives to companies who never live up to the employment numbers they claimed.

This just seems like I'm going to whine because it's not the Q OL investment that I wanted. I would personally appreciate it if you guys would drop the condescending hold your breath and react like I'm telling you to react bit. People on metro Jacksonville have proven over the years they're able to have conversations about tough subjects.

[Brysynner]

So let me get this straight. The city gets 15 mil/year from the bed tax. Roughly 8 mil/year is spent on EverBank Field. And the remaining 7 mil gets spent on various tourist attractions (museums, beaches, zoos, etc.) I'd say that isn't a bad deal overall.

How much revenue is brought in by the 9-10 home games a year, the FL/GA game and the Gator Bowl? If that number is more than 8 million doesn't this offset somewhere?

[pierre]

They should not have used the bond to lockup future revenue.  If Kahn wanted a TV, he could buy his own.  How will there be enough funds to maintain and improve the baseball grounds, and the arena?  More bonds?  They is a limit to this borrowing.

Had Khan paid for the boards himself, would the other tenants pay him for using the boards during events like the Gator Bowl, Fla/Ga game, Monster Jam, Country Music Fest, etc?

[I-10east]

http://en.wikipedia.org/wiki/The_Neverending_Story#mediaviewer/File:TheNeverendingStory1997Edition.jpg

[RattlerGator]

The Florida-Georgia game is "infamous"

To what minute sector of Jacksonville is the Florida-Georgia game infamous? Oh, that's right; forgot the website I was reading. You're supposedly trying to have a sober conversation and you're describing one of the signature events in the city as "wicked; abominable; well known for some bad quality or deed."

Quite telling, but not quite sober.

[CityLife]

Can someone with financing and bond knowledge speak to the long term assumptions of the deal. I would imagine that with inflation, the $3-3.5 million a year won't be nearly as large of a proportion of the bed tax revenue during years 15-30 of the bond. I'd be curious to know what the actual cost will be in 30 years with inflation factored in.

Very good conversation starting piece.

[TheCat]

Thanks for the catch RattleGator! I did not mean to disparage the game with the use of the word "infamous". I was meaning to say "super, well-known."

I suppose if i thought through the word "in"-famous I would have realized that it is the opposite of "famous" in some capacity.

[tufsu1]

I especially like the final paragraph....well done Arash!