In a landmark move for Jacksonville, all 32 NFL owners have given the green light to the Jaguars’ ambitious $1.4 billion renovation of TIAA Bank Field, aiming to transform the aging facility into a cutting-edge stadium. Jaguars co-owner Tony Khan announced the unanimous approval, describing it as a major step forward for both the franchise and the city.
With construction set to begin in 2026, Jacksonville and the Jaguars will each contribute $625 million to fund the project, which includes a 30-year lease, a non-relocation agreement, and a cap on games played outside Jacksonville. Once renovations are underway, the Jaguars will temporarily play at Orlando’s Camping World Stadium or Gainesville’s Ben Hill Griffin Stadium for the 2027 and 2028 seasons.
Designed with fans in mind, the updated stadium will seat 63,000, expandable to 71,500 for marquee events like the Florida-Georgia rivalry, College Football Playoff games, and the Final Four. Plans include a main concourse elevated 30 feet above ground, offering sweeping views of Jacksonville, along with a party deck, pools in the north end zone, and upgraded amenities throughout.
Khan expressed excitement on social media, thanking NFL owners and Jacksonville’s local government, saying, “We’re all so excited for The Stadium of the Future!” In tandem with the renovation, the city plans to revitalize the surrounding area, including a new University of Florida satellite campus.
