The Jacksonville Jaguars and the city of Jacksonville have reportedly agreed to a $1.4 billion renovation project for EverBank Stadium that would include a 30-year lease, according to the Associated Press.
Per that report, both the organization and the city will each contribute $650 million to the project, though the city reportedly "won't levy any new taxes to pay for the rebuild."
Additionally, the city of Jacksonville will contribute an additional $150 million to get EverBank Stadium ready for its renovation construction, which will start in 2026.
This article will be updated soon to provide more information and analysis.