Jaguars President: City, Team Close On Lot J Development Deal; Costs Rise To $700 Million

Jan 14, 2020

Jaguars President Mark Lamping said negotiations with the city on a development deal for Lot J next to the stadium are “very close” to finalizing a deal that could go to City Council with an eye toward ground-breaking in the spring.

Lamping said he hopes ground-breaking could occur in the spring, according to WJCT News partner The Florida Times-Union.

Last July, Mayor Lenny Curry announced a financial framework for a development deal for the city to pay up to $233.3 million, including $208.3 million in hard money, for its share of the cost of building a miniature urban neighborhood anchored by an entertainment district.

The concept dates back to 2018 when Jaguars owner Shad Khan joined with the Cordish Companies, a national developer, on plans to bring new development to the area from the football stadium down to the St. Johns River.

Lot J would be the launch pad for the bigger vision. He said the estimated cost for the work at Lot J originally was about $500 million, but it has risen to near $700 million.

The interview with Lamping, in which he also talks about the team’s future and potential stadium improvements, can be found in an expanded version of this story at