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Jaguars want major renovations to TIAA prior to lease extension


.Buzz

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3 hours ago, .Buzz said:

I remember seeing similar things to this when the Rams were in STL.

It’s also the kind of thing that every franchise asks for before signing an extension. This alone isn’t bad or good, it’s just the standard.

How the team and city eventually handles this is going to divide how this goes. The city has been largely accommodating to Shad’s whims and plans for development, so at this stage I wouldn’t start pushing a panic button. Ultimately, renovations are far easier to get approval for than building a new stadium, so as long as the request stays for renovations and the city remains accommodating, I wouldn’t worry.  

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And really, looking through the article, it’s a lot of what we know. The NFL owners across the league have to approve the extension, and there’s some certain things about TIAA that are outdated and realistically need to be updated to fit the new vision that owners have for in stadium experiences.

And the team is locked into their lease until 2030. So like there’s a lot of time to do renovations and the fact that the city and team have already started working together to research all the things that would need to be done to reasonably have the stadium viable through 2040 or 2050 or whatever the extension would bring them to, is honestly a good sign. 

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Ultimately, this is just Shahid Khan doing what he does, and putting himself in position for a win-win situation to become even more wealthy.

 

Option a)It doesn't materialize, or talks fall apart and he has his justification to move the team to London.

Option b)The city capitulates, and gives in to a deal that lets Khan line his pockets with the proceeds of massive taxpayer investment.

 

Don't particularly like it.  But this is what an owner does, when they know they have a city over a barrel like that.  He knows Jacksonville desperately wants to keep the team, and can't really afford to lose it (especially when it comes to maintaining the Stadium for other critical revenue generating events).  So he's pressing the issue, and looking for either a resolution in his favor with massive government investment in his project outside the Stadium in Lot J...or a reason to leave, and act like it was the City's fault for not playing ball.  There's probably no real winning for the city of Jacksonville in this, even if the proposed development plan does look like an attractive way to add value to the area, and a great way to bring in out-of-town NFL fans for a convenient experience.

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