Latest / The Jacksonville Jaguars Official Podcast Network / Press Pass | Jaguars Team President Mark Lamping on Stadium Construction, Jaguars 2026 International Slate

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Press Pass | Jaguars Team President Mark Lamping on Stadium Construction, Jaguars 2026 International Slate · The Jacksonville Jaguars Official Podcast Network

• 0:00
  Speaker 1: Good morning, Thanks for thanks for coming.
• 0:05
  Speaker 2: You know, most of what we have to share relates
• 0:09
  Speaker 2: to to twenty twenty six, but because so much of
• 0:14
  Speaker 2: what's influencing twenty twenty six is the construction, we thought
• 0:18
  Speaker 2: it would be appropriate to give everybody an update on
• 0:22
  Speaker 2: what's going on, because you can see there's a tremendous
• 0:24
  Speaker 2: amount of activity. But before we get started, while there's
• 0:32
  Speaker 2: there's been a lot of discussion for a lot of years,
• 0:35
  Speaker 2: and there's been a lot of moving parts during that time,
• 0:39
  Speaker 2: and all designed to deliver on Shod's vision of a
• 0:46
  Speaker 2: stable Jaguars NFL franchise here in Northeast Florida for.
• 0:50
  Speaker 1: Generations to come.
• 0:52
  Speaker 2: And there was a whole sequence of things that had
• 0:54
  Speaker 2: to happen, and they needed to happen in a certain order.
• 0:58
  Speaker 2: And you know what I find particularly exciting is that
• 1:02
  Speaker 2: these things are these things are actually.
• 1:04
  Speaker 1: Coming to life right now.
• 1:05
  Speaker 2: So if you started with one of the first things
• 1:08
  Speaker 2: we had to do is get all the football staff
• 1:11
  Speaker 2: out of the stadium to enable renovations to occur. And
• 1:14
  Speaker 2: here we are sitting in the Mill Electric Center. We
• 1:18
  Speaker 2: had to get the whole business staff out of the
• 1:22
  Speaker 2: stadium so they could come in do a lot of
• 1:24
  Speaker 2: demolition because all the space that most of the space
• 1:27
  Speaker 2: that football and business was using is all being repurposed
• 1:30
  Speaker 2: in the stadium in the future. And right across the
• 1:33
  Speaker 2: parking lot, unfortunately that palm is blocking the view is
• 1:38
  Speaker 2: a new office building. We moved in there Monday, so
• 1:43
  Speaker 2: the business staff is settled in in a new office building.
• 1:47
  Speaker 2: The football staff has been here for a while. The
• 1:51
  Speaker 2: stadium construction is underway, and you know, all everything that
• 1:55
  Speaker 2: led up to just getting to the point where you
• 1:57
  Speaker 2: could begin construction, the promise of the Four Seasons Hotel.
• 2:05
  Speaker 2: I mean you can see it right across the way,
• 2:09
  Speaker 2: the new marina behind the Four Seasons. That new public
• 2:15
  Speaker 2: marina will actually open late this summer, so if you
• 2:19
  Speaker 2: got out there, you could see all the work that's
• 2:21
  Speaker 2: actually being done. The river walk in front of the
• 2:25
  Speaker 2: Four Seasons, and this new marina that will open the
• 2:29
  Speaker 2: same time as the marina, so you can expect that
• 2:32
  Speaker 2: sometime this summer. There's a marina building that's connected to
• 2:37
  Speaker 2: the marina that includes a restaurant, Asado Life, opening their
• 2:42
  Speaker 2: second location. First location is down in Saint Augustine that'll
• 2:45
  Speaker 2: open up early this fall, and all the funding is
• 2:51
  Speaker 2: in place to finish the North Bank Parks. So all
• 2:54
  Speaker 2: of those things were integral components of Shad's vision too,
• 3:00
  Speaker 2: to have a community and a location that not only
• 3:05
  Speaker 2: would uplift its residents but also create a place where
• 3:11
  Speaker 2: an NFL franchise can thrive for generations to come. So
• 3:15
  Speaker 2: it isn't just promises. These are promises that are being fulfilled,
• 3:19
  Speaker 2: which is a which is a great thing. So let
• 3:23
  Speaker 2: me start with a construction update. You know now that
• 3:27
  Speaker 2: the and a lot of this is into release. That's
• 3:31
  Speaker 2: that's in front of you. Now that the season has
• 3:33
  Speaker 2: has ended, major construction, as you can see, continues both
• 3:37
  Speaker 2: in Bawl and outside the stadium.
• 3:42
  Speaker 1: There's seventy five deep foundation.
• 3:48
  Speaker 2: Elements that have already been completed outside the stadium. So
• 3:53
  Speaker 2: if you look at if you look at some of
• 3:55
  Speaker 2: that steel right out there, and you see that that
• 3:58
  Speaker 2: steal is connected to a big concrete piece of structure
• 4:04
  Speaker 2: that goes way down and that provides the structural integrity
• 4:08
  Speaker 2: for what ultimately will hold the roof over the stadium.
• 4:11
  Speaker 2: So seventy five of those have been completed. One percent
• 4:16
  Speaker 2: of those outside deep pile foundation elements will be completed
• 4:22
  Speaker 2: by August, so there's a lot of work.
• 4:23
  Speaker 1: That needs to get thrown me to now in August.
• 4:26
  Speaker 2: There's actually six big cranes. They call them crawler cranes
• 4:31
  Speaker 2: because they actually move around. As the work progresses, those
• 4:33
  Speaker 2: cranes move, so there's six of them actually in operation,
• 4:37
  Speaker 2: both outside and inside the stadium. One of the interesting
• 4:41
  Speaker 2: things this crane right here is our problem child, and
• 4:48
  Speaker 2: that that one goes around the stadium this way and
• 4:51
  Speaker 2: you get to a real pinch point. So when you
• 4:54
  Speaker 2: come back here, I guess in a few months, Ryan,
• 4:57
  Speaker 2: you're going to see that a large portion of the
• 4:59
  Speaker 2: player park not here at the Miller Electric Center will
• 5:02
  Speaker 2: be removed on a temporary basis.
• 5:04
  Speaker 1: The players that will park out here, so.
• 5:08
  Speaker 2: You know that's moving along. All of the structural steel
• 5:13
  Speaker 2: will be completed by November. There's one hundred steel trusses
• 5:18
  Speaker 2: that are being installed as we speak right now. We
• 5:23
  Speaker 2: opened up a big staircase in by Gate one earlier
• 5:27
  Speaker 2: this year that was open for most of the of
• 5:29
  Speaker 2: the season. The second grand staircase is right behind us
• 5:34
  Speaker 2: that will open early during the twenty twenty six season,
• 5:39
  Speaker 2: and then there will be similar staircases on all four
• 5:43
  Speaker 2: corners of the stadium, along with escalators that will run
• 5:47
  Speaker 2: in tandem with the with the stairs. The escalators will
• 5:49
  Speaker 2: come at a later date before twenty twenty eight, but
• 5:54
  Speaker 2: they won't be this year. The main concourse expansion is underway,
• 5:57
  Speaker 2: and you can really begin to get a sense for
• 6:00
  Speaker 2: how wide the concourse will will be. If you look
• 6:03
  Speaker 2: at the outer edge of that steel, that's the width
• 6:07
  Speaker 2: of the concourse. The concourse will is about four times
• 6:10
  Speaker 2: the width that it is right now. So if you
• 6:12
  Speaker 2: if you ever find yourself on the main concourse during
• 6:16
  Speaker 2: a Jaguars game or in the upper deck there's significant crowding,
• 6:21
  Speaker 2: that all that crowding will be relieved because they'll be
• 6:23
  Speaker 2: significant more room for our fans to find their way.
• 6:30
  Speaker 2: But we got a long long way to go. We've
• 6:32
  Speaker 2: currently completed fifteen percent of the project. We're progressing well,
• 6:39
  Speaker 2: we're on schedule, but have a long long way to go. Currently,
• 6:45
  Speaker 2: there's an access of five hundred and fifty full time
• 6:47
  Speaker 2: workers working each day on this project and that will
• 6:51
  Speaker 2: continue to ramp up. And one of the other commitments
• 6:56
  Speaker 2: of this project, we always said that, you know, the
• 7:00
  Speaker 2: end result was just a shiny new football stadium. Then collectively,
• 7:06
  Speaker 2: I think we would have missed a huge opportunity. So
• 7:09
  Speaker 2: you know, we were really proud of not only the
• 7:12
  Speaker 2: community Benefits agreement, but also to make certain commitments to
• 7:19
  Speaker 2: make sure that during the construction period our project benefited
• 7:25
  Speaker 2: the community to the maximum that it could. So we
• 7:30
  Speaker 2: call these community construction metrics. We're running ahead on all
• 7:35
  Speaker 2: of them. The local, small and emerging businesses, we're running
• 7:38
  Speaker 2: ahead of what our goal was a local business participation.
• 7:42
  Speaker 1: We're running ahead.
• 7:43
  Speaker 2: In fact, as we sit here today, we've got over
• 7:46
  Speaker 2: one hundred and forty local contractors that have already been
• 7:50
  Speaker 2: doing work on this project, which also means a lot
• 7:55
  Speaker 2: of local people are being put to work. There's a
• 7:59
  Speaker 2: big issue in the in the construction industry, in the
• 8:02
  Speaker 2: building trades as it relates to getting labor in the pipeline.
• 8:06
  Speaker 2: That's why if you listen to Hayes's radio station, you'll
• 8:10
  Speaker 2: hear Miller Electric recruiting for employees to come through their
• 8:14
  Speaker 2: training program. So we had a goal in terms of
• 8:19
  Speaker 2: trying to include as many apprentices as we can't could
• 8:22
  Speaker 2: on this project. We're running ahead of that, and also
• 8:24
  Speaker 2: had a big by American goal and we're running ahead
• 8:28
  Speaker 2: of that as well, so we feel good. We still
• 8:30
  Speaker 2: had a long, long way to go, and there will
• 8:31
  Speaker 2: be continued progress to be made, but we are exceeding
• 8:34
  Speaker 2: all of the goals that we voluntarily agreed to with
• 8:38
  Speaker 2: the City of Jacksonville. So let me just take a minute.
• 8:43
  Speaker 1: Steal your path on. This is a time lapse.
• 8:54
  Speaker 2: Drone video and lindsay, I think we're gonna post this
• 8:57
  Speaker 2: on our website after this. Okay, so this was actually
• 9:02
  Speaker 2: taken yesterday. Come on, okay, So this is the southeast corner.
• 9:13
  Speaker 2: Some of the things you can see here the last
• 9:17
  Speaker 2: during the playoff game. There's a big skybridge here is
• 9:19
  Speaker 2: that connected this to this that has been torn out.
• 9:22
  Speaker 2: These ramps are in the process of being taken out.
• 9:26
  Speaker 2: You're going to see seats that will be taken out
• 9:28
  Speaker 2: in each of the four corners. If you look here,
• 9:32
  Speaker 2: you can get a sort of a look about what's happening.
• 9:34
  Speaker 2: In the north end zone. A lot of those of
• 9:37
  Speaker 2: that seating has been removed. That's being removed to allow
• 9:41
  Speaker 2: to put in the additional structure necessary to support the
• 9:44
  Speaker 2: temporary seats that will go in for the Florida Georgia game.
• 9:49
  Speaker 2: This is that grand staircase near Gate one that we
• 9:53
  Speaker 2: opened earlier this year. And again you can get a
• 9:56
  Speaker 2: sense now for the width of this concourse in the
• 10:00
  Speaker 2: regular season. It's well here you can see where it stoped.
• 10:02
  Speaker 2: It stopped right there, and now it's eventually going to
• 10:06
  Speaker 2: wrap all the way around this, all the way from
• 10:09
  Speaker 2: this staircase, all the way to the other to the
• 10:12
  Speaker 2: other staircase, and eventually around the entire stadium. If you
• 10:17
  Speaker 2: look inside the bowl, you can see the seats have
• 10:19
  Speaker 2: been removed in the upper deck and there's been demolition
• 10:22
  Speaker 2: down near the field level. Now this will be rebuilt
• 10:25
  Speaker 2: in time for this season, but that's allowed to get
• 10:29
  Speaker 2: in there because that all the work is being done
• 10:31
  Speaker 2: is those are some field clubs that are being put in.
• 10:35
  Speaker 1: Let me step over here.
• 10:38
  Speaker 2: Now we're coming into that was that crane that I
• 10:40
  Speaker 2: was just talking about earlier. So this is sort of
• 10:42
  Speaker 2: that pinch point as you come around here. This is
• 10:46
  Speaker 2: the Miller Electric Center. We're actually all standing right there.
• 10:49
  Speaker 2: I'm standing there, you're all sitting there, and you'll get
• 10:53
  Speaker 2: your first lamps here. You can get another look at
• 10:57
  Speaker 2: some of the seats that have been removed and in
• 11:02
  Speaker 2: this corner. Right here, you'll actually be able to look
• 11:08
  Speaker 2: from outside the stadium inside the seating bowl. So this
• 11:11
  Speaker 2: gives you a real example of how those seats get
• 11:13
  Speaker 2: get cut out, and if you recall the design, the
• 11:16
  Speaker 2: reason for that is to create these breezeways in each
• 11:18
  Speaker 2: of the four corners to not only provide great, great
• 11:22
  Speaker 2: decks to overlook the river and downtown, but also to
• 11:25
  Speaker 2: provide ventilation through the stadium to.
• 11:31
  Speaker 1: Keep it even cooler. The sky deck.
• 11:38
  Speaker 2: At this end, which is usually a group sales tailgating
• 11:44
  Speaker 2: area that'll be closed for next year. This is the
• 11:49
  Speaker 2: northeast corner. Again, as you're wrapping around, you can see
• 11:53
  Speaker 2: all the work that's going on the first part of
• 11:57
  Speaker 2: the construction for the grand staircase that'll be located in
• 12:00
  Speaker 2: that corner, and again you can see how pieces of
• 12:03
  Speaker 2: the stadium have been removed. And then ultimately we come
• 12:07
  Speaker 2: back in because not only the main concourse but the
• 12:10
  Speaker 2: upper deck will offer three hundred and sixty degree circulation.
• 12:13
  Speaker 2: You can't do that now, so you'll be able to
• 12:15
  Speaker 2: walk around the entire stadium at both the main concourse
• 12:17
  Speaker 2: and the upper level. They're a little actually a little
• 12:20
  Speaker 2: further along on this side of the stadium.
• 12:22
  Speaker 1: In terms of.
• 12:24
  Speaker 2: The steel construction, ultimately all this comes up. This steel
• 12:31
  Speaker 2: is scheduled to be done by November, so there will
• 12:35
  Speaker 2: be work going on during the seasons. That's one of
• 12:37
  Speaker 2: the primary reasons there's actually the steel. Then we'll canni
• 12:40
  Speaker 2: leaver over the upper deck. That's why we have to
• 12:42
  Speaker 2: close the upper deck. It just wouldn't be safe for
• 12:45
  Speaker 2: people to be up there, and so that concourse will
• 12:52
  Speaker 2: wrap in front of what is currently the club seat entrance. Again,
• 12:56
  Speaker 2: this is on the east side of the stadium, and
• 12:58
  Speaker 2: you can see these these ramps are all in.
• 13:01
  Speaker 1: The process of being dismantled. So this gets us back
• 13:05
  Speaker 1: to where we are.
• 13:07
  Speaker 2: That's our office building and we moved in Monday, and
• 13:09
  Speaker 2: that's the four Seasons and behind that is the marina
• 13:13
  Speaker 2: that I referenced to a few seconds ago. So we'll
• 13:16
  Speaker 2: post this on our website. Feel free to access it there. Okay,
• 13:27
  Speaker 2: so let me turn to twenty twenty six, which was
• 13:30
  Speaker 2: really some of the meat of what we're talking about today.
• 13:37
  Speaker 2: Remember that when we first laid out this construction plan,
• 13:40
  Speaker 2: we were going to be playing outside of Jacksonville for
• 13:43
  Speaker 2: the twenty six and the twenty seven seasons. We got
• 13:48
  Speaker 2: a lot of feedback, you know, part of our community huddles,
• 13:51
  Speaker 2: heard from heard from fans, heard from other stakeholders, heard
• 13:56
  Speaker 2: from elected officials that they really wanted to try to
• 14:01
  Speaker 2: limit it that to one season if we could, and
• 14:05
  Speaker 2: we agreed to do that, but we knew that there
• 14:07
  Speaker 2: would be some sacrifices we would have to make in
• 14:10
  Speaker 2: order to.
• 14:13
  Speaker 1: Make that possible.
• 14:15
  Speaker 2: So to stay on schedule, we have to change what
• 14:18
  Speaker 2: the experience inside the stadium will be like for our
• 14:22
  Speaker 2: fans this year, lower capacity, closing the upper deck and
• 14:27
  Speaker 2: then coming into certain parts of the lower deck where
• 14:30
  Speaker 2: some seats are are being removed, principally to remove those
• 14:34
  Speaker 2: seats in each of the corners, to open up the breezeways,
• 14:37
  Speaker 2: to increase the comfort inside the stadium. So the capacity
• 14:42
  Speaker 2: will be forty two five hundred and seven that includes
• 14:46
  Speaker 2: twelve hundred and sixty standing room only tickets, and this
• 14:50
  Speaker 2: is a decrease from sixty eighty three hundred. So of
• 14:55
  Speaker 2: the twenty seven, six hundred and thirty seven seats that
• 14:58
  Speaker 2: will be taken offline this year, over twenty two thousand
• 15:02
  Speaker 2: of them are located in the upper deck, so the
• 15:05
  Speaker 2: four hundred bolt. The four hundred level is closed, and
• 15:09
  Speaker 2: there are some seats that are impacted elsewhere on a
• 15:11
  Speaker 2: two hundred level in each of the four corners. There's
• 15:15
  Speaker 2: some rows in the North End Zone, some of those
• 15:18
  Speaker 2: being removed to create compliance with new NFL broadcasting rules
• 15:23
  Speaker 2: as it relates to camera locations. The lower level, South
• 15:28
  Speaker 2: End Zone and lower level Club some seats are being
• 15:31
  Speaker 2: removed and then we'll come back and.
• 15:35
  Speaker 1: Replace most of those seats.
• 15:37
  Speaker 2: And also the North End Zone SPA deck and the
• 15:42
  Speaker 2: sky patio sky patio in the South End, both of
• 15:45
  Speaker 2: those will be offline this year. And again all that's
• 15:48
  Speaker 2: laid out in the in the press release. Season ticket
• 15:53
  Speaker 2: renewal information will be shared with our season ticket members
• 15:56
  Speaker 2: in the coming days and any season ticket older whose
• 16:01
  Speaker 2: seats are impacted by this construction will be contacted individually
• 16:06
  Speaker 2: by their account service representative with the with the Jaguars,
• 16:12
  Speaker 2: and all of those season ticket holders that are in
• 16:15
  Speaker 2: the upper deck will be given the first chance to
• 16:18
  Speaker 2: relocate down.
• 16:19
  Speaker 1: To the lower level if they choose to.
• 16:20
  Speaker 2: So, they'll be given the first chance, and in addition
• 16:23
  Speaker 2: to that, we will we will be offering some pricing
• 16:27
  Speaker 2: incentives to those displaced season season ticket holders. We are
• 16:35
  Speaker 2: also accepting new season ticket deposits we have been for
• 16:40
  Speaker 2: for a while, but we are not assigning those seats
• 16:43
  Speaker 2: until we get through this process of relocating any existing season.
• 16:48
  Speaker 1: Ticket holders that are displaced.
• 16:49
  Speaker 2: So we'll deal with our displaced customers first and then
• 16:52
  Speaker 2: when we begin filling in, assuming we have inventory available
• 16:55
  Speaker 2: with new season ticket holders, and you know, you know,
• 16:58
  Speaker 2: we do have room for new seat and ticket holders,
• 17:01
  Speaker 2: but the interest has been has been very high. So
• 17:05
  Speaker 2: that's basically the major changes as it relates to to.
• 17:11
  Speaker 1: The stadium for the twenty twenty sixth season.
• 17:13
  Speaker 2: Okay, another component of this, and again a lot of
• 17:17
  Speaker 2: these things are tied together, that is allowing us, although
• 17:23
  Speaker 2: doing it in a somewhat disruptive way, to play all
• 17:27
  Speaker 2: our game to play our games at Everbankfield in Jacksonville
• 17:31
  Speaker 2: this year. So international games, that's that's the next topic.
• 17:36
  Speaker 2: And you may have seen announcement this morning from the
• 17:39
  Speaker 2: NFL regarding the London Games next year. So first it's
• 17:44
  Speaker 2: it's it's important to remind us all that that the
• 17:48
  Speaker 2: NFL requires that all thirty two teams play certain games
• 17:52
  Speaker 2: at at at international locations once every four seasons.
• 17:57
  Speaker 1: Okay.
• 17:58
  Speaker 2: Now, this game is separate from the annual game that
• 18:01
  Speaker 2: we play in London, and our turn to be selected
• 18:06
  Speaker 2: for those was originally scheduled for twenty twenty seven. So
• 18:11
  Speaker 2: next year, when we're playing outside of Jacksonville, one of
• 18:15
  Speaker 2: the games we won't be playing in that temporary location
• 18:18
  Speaker 2: will be an international game. The other game was scheduled
• 18:23
  Speaker 2: for twenty thirty. Okay, So as we looked at the
• 18:28
  Speaker 2: complexities of the construction schedule and all of this was
• 18:33
  Speaker 2: the two games was anticipated because that was part of
• 18:37
  Speaker 2: our negotiations with the city of Jacksonville. So we've always
• 18:40
  Speaker 2: known that the Jaguars had the ability to play two
• 18:43
  Speaker 2: games outside of Jacksonville during the twenty twenty sixth season.
• 18:48
  Speaker 2: One of the reasons that was important is because we
• 18:52
  Speaker 2: have to have all of our preliminary work done by
• 18:57
  Speaker 2: the end of the twenty twenty six season because once
• 18:59
  Speaker 2: the season ends, things go really gangbusters, and so we
• 19:04
  Speaker 2: can't be catching up on work that we got behind.
• 19:06
  Speaker 1: That's why you're seeing so many people working now.
• 19:09
  Speaker 2: But in the event that we got to where the
• 19:12
  Speaker 2: season was starting and we had some projects that had
• 19:15
  Speaker 2: to get completed, and it would have been difficult to
• 19:18
  Speaker 2: do that while the games are being played. It was
• 19:21
  Speaker 2: our hope and again it's it remains our hope that
• 19:26
  Speaker 2: the twenty twenty sixth schedule would be what we would
• 19:29
  Speaker 2: call a donut schedule, So you would have games and
• 19:33
  Speaker 2: then you would have a break in the middle, and
• 19:36
  Speaker 2: during that break construction could be ramped back up to
• 19:40
  Speaker 2: get inside the stadium. So we know that at a
• 19:43
  Speaker 2: minimum there will be a two week window. Now, the
• 19:49
  Speaker 2: NFL schedule is one of the most important things that
• 19:52
  Speaker 2: the league does. It drives so many things, so it's
• 19:55
  Speaker 2: a it's a it's a subject that the league and
• 19:58
  Speaker 2: all thirty two clubs take, uh, you know, the greatest.
• 20:01
  Speaker 1: Amount of interest in okay.
• 20:04
  Speaker 2: But what the league does the you know, the league
• 20:06
  Speaker 2: does offer the opportunity for teams to provide their suggestions
• 20:11
  Speaker 2: on what they'd like their schedule to look like.
• 20:14
  Speaker 1: Or sometimes you may have.
• 20:16
  Speaker 2: Some dates that otherwise your your stadium would be occupied,
• 20:23
  Speaker 2: which would make having an NFL game not impossible but difficult.
• 20:27
  Speaker 2: So every year we would put down the Florida Georgia Weekend,
• 20:31
  Speaker 2: as we would prefer not to be playing a home
• 20:33
  Speaker 2: game on Sunday when Florida Georgia play on on on Saturday.
• 20:37
  Speaker 1: So we give all of our our our request to
• 20:42
  Speaker 1: the league.
• 20:42
  Speaker 2: Again, there's no guarantee that that that that we will
• 20:44
  Speaker 2: get that, but don't be surprised to learn that we're
• 20:48
  Speaker 2: going to ask for a bye week after our second
• 20:51
  Speaker 2: London home game. If we're granted that, then that two
• 20:56
  Speaker 2: week window becomes three weeks. In addition to that, we're
• 21:02
  Speaker 2: going to ask that we play a road game either
• 21:05
  Speaker 2: before our first London game or after our bye week.
• 21:11
  Speaker 1: So and if that happens, then.
• 21:13
  Speaker 2: From a construction perspective, we have the optimal schedule which
• 21:18
  Speaker 2: gives us almost a month long donut right in the
• 21:21
  Speaker 2: middle of the season. So again, this isn't guaranteed. The
• 21:26
  Speaker 2: league always tries to cooperate, but but there are there
• 21:29
  Speaker 2: are overriding issues which which outweigh many times what one
• 21:34
  Speaker 2: individual club may want. But we know it admitted when
• 21:37
  Speaker 2: we're gonna have two weeks, we'll cross our fingers that
• 21:39
  Speaker 2: we could have as many as four. And again the
• 21:42
  Speaker 2: two games in London trying to create this donut schedule
• 21:46
  Speaker 2: that that's one of the trade offs to playing in
• 21:49
  Speaker 2: Jacksonville this year. So that was that, and again, like
• 21:53
  Speaker 2: I said, this is this is not something that that
• 21:56
  Speaker 2: should come as a surprise. The other piece that was
• 21:59
  Speaker 2: interesting in the second game, keep in mind I mentioned
• 22:03
  Speaker 2: we were scheduled to play an additional game in twenty thirty.
• 22:09
  Speaker 2: We work with the league. The league has agreed to
• 22:11
  Speaker 2: move that game to twenty twenty six. So what that
• 22:17
  Speaker 2: means is we're getting a game back that will be
• 22:21
  Speaker 2: in Jacksonville in the new stadium at full capacity, and
• 22:25
  Speaker 2: we're giving up a game at reduced capacity in the
• 22:30
  Speaker 2: stadium here.
• 22:31
  Speaker 1: And it also helps us regarding the construction.
• 22:34
  Speaker 2: So that's happening for sure, So we think you know,
• 22:37
  Speaker 2: obviously many fans won every single game to be played
• 22:41
  Speaker 2: here in Jacksonville.
• 22:41
  Speaker 1: We understand that.
• 22:43
  Speaker 2: But in this particular case, trading a game in a
• 22:48
  Speaker 2: stadium under construction with reduced capacity and getting a game
• 22:52
  Speaker 2: back in our brand new stadium, we think that makes sense.
• 22:55
  Speaker 1: We're all involved. So that's something.
• 22:59
  Speaker 2: That that that we're looking forward to. You know, obviously,
• 23:04
  Speaker 2: questions about the last topic. This this is not in
• 23:08
  Speaker 2: the press release, but I think we're getting very close
• 23:11
  Speaker 2: to a resolution on where we'll be playing in seven.
• 23:17
  Speaker 2: We have every expectation that it will be taken up
• 23:22
  Speaker 2: at the at the upcoming owners meeting, which is scheduled
• 23:26
  Speaker 2: for Phoenix at the end of March, and then we'll
• 23:30
  Speaker 2: be able to move on at that point and begin planning.
• 23:36
  Speaker 2: So with that, that's the That's the the end of
• 23:39
  Speaker 2: any prepared remarks, and if there's any questions, I'll be
• 23:45
  Speaker 2: happy to take them.
• 23:47
  Speaker 3: Is there any consideration, you know, looking beyond the twenty
• 23:51
  Speaker 3: seventh season, of trying to get out of that required
• 23:54
  Speaker 3: the ANNUALS London game.
• 23:57
  Speaker 2: We don't have to get out of anything. In fact,
• 24:00
  Speaker 2: our London commitment has been something that's been rolling, It's
• 24:04
  Speaker 2: been renewed year after year, and you know, there's there's
• 24:08
  Speaker 2: there's a lot changing on the international front with the league,
• 24:13
  Speaker 2: there's a lot that's going to be changing here locally,
• 24:16
  Speaker 2: and I think you can expect us to take, h
• 24:19
  Speaker 2: take a close look at, you know, what our London
• 24:21
  Speaker 2: strategy is moving forward. Not to suggest that you know,
• 24:25
  Speaker 2: we're going to stop playing a game in London, but
• 24:27
  Speaker 2: it is something that we will look very very very
• 24:30
  Speaker 2: closely at.
• 24:32
  Speaker 1: Two questions.
• 24:33
  Speaker 3: I want to make sure I had haven factually the
• 24:35
  Speaker 3: two games that will be in London this year. Are
• 24:37
  Speaker 3: they both home games or is it like a couple
• 24:39
  Speaker 3: of years ago were what was officially a home game
• 24:41
  Speaker 3: and what was.
• 24:41
  Speaker 4: A broad game?
• 24:42
  Speaker 2: Now these are these are games that if they weren't
• 24:44
  Speaker 2: be if they weren't going to be played in London,
• 24:47
  Speaker 2: would be home games here in Jacksonville.
• 24:49
  Speaker 3: The slated home games for them and designated home games
• 24:54
  Speaker 3: for twenty six. Two of those eight will be in
• 24:57
  Speaker 3: London in twenty six.
• 24:59
  Speaker 2: Actually you have a total of ten games, including preseason,
• 25:03
  Speaker 2: and two of those ten will be played in London.
• 25:06
  Speaker 3: And secondly, I remember a few years ago that the
• 25:10
  Speaker 3: twenty seventh season, the twenty eight season was probably one
• 25:13
  Speaker 3: of the most successful financially in terms of local revenue
• 25:16
  Speaker 3: created for the club.
• 25:17
  Speaker 1: Because of the.
• 25:17
  Speaker 5: Success of the twenty seven season on the field, considering.
• 25:21
  Speaker 2: How well the team did seventeen twenty eighteen, Yet so considering.
• 25:25
  Speaker 5: How well the team did on the field in twenty five,
• 25:29
  Speaker 5: how much will the reduced capacity impact of local revenue
• 25:33
  Speaker 5: creation this upcoming year.
• 25:37
  Speaker 1: Well, it is going to impact it. You know, you can't.
• 25:41
  Speaker 2: You can't lose a thirty year inventory and expect to
• 25:45
  Speaker 2: generate the same ticket revenue.
• 25:48
  Speaker 1: We're going to try it's for.
• 25:50
  Speaker 2: Sure, I would expect that we would have a big
• 25:55
  Speaker 2: change in this supply demand dynamic. I think it will
• 26:00
  Speaker 2: be a pretty electric experience for our fans. You know,
• 26:05
  Speaker 2: it will be a smaller capacity, but it should be
• 26:07
  Speaker 2: packed each and every game. And and hopefully given that
• 26:12
  Speaker 2: we give priority to Jaguar fans first, you know, we
• 26:15
  Speaker 2: have a strong schedule next year with teams that bring
• 26:17
  Speaker 2: a lot of fans with them. Hopefully, you know, our
• 26:21
  Speaker 2: fans will take up most of those tickets before visiting
• 26:23
  Speaker 2: fans have a chance to to UH to purchase them.
• 26:26
  Speaker 2: But the other part part of this is, you know,
• 26:28
  Speaker 2: we've known this all along. This was this was one
• 26:31
  Speaker 2: of the trade offs that we knew we had to
• 26:33
  Speaker 2: make one of one. One aspect of this that's been
• 26:39
  Speaker 2: incredibly uplifting to us is how supportive our partners and
• 26:43
  Speaker 2: sponsors have been to work.
• 26:45
  Speaker 1: With us, you know, through this UH situation.
• 26:49
  Speaker 2: You know, for example, maybe taking other benefits and keeping
• 26:54
  Speaker 2: their investment the same, but then adding other benefits to
• 26:56
  Speaker 2: offset for the for the lack of of a capacity.
• 27:00
  Speaker 1: The the.
• 27:03
  Speaker 2: One thing that to keep in mind with that, I
• 27:05
  Speaker 2: don't want to blabor it, but but but this is
• 27:07
  Speaker 2: an important point. We made a conscious decision collectively once
• 27:14
  Speaker 2: we figured out it was possible to pretty much do
• 27:18
  Speaker 2: something that that has very rarely ever been done on
• 27:21
  Speaker 2: this scale, and that's produced a new stadium from an
• 27:25
  Speaker 2: existing stadium. And so there are trade offs that come
• 27:28
  Speaker 2: with that. One is the trade off you just mentioned,
• 27:30
  Speaker 2: which is you're going to be doing construction while you're
• 27:34
  Speaker 2: playing games, and there there's there's logistics, there's cost impacts
• 27:38
  Speaker 2: of that, there's headaches that are that are part of that,
• 27:41
  Speaker 2: and there's there's there's economic impacts that are.
• 27:46
  Speaker 1: Related to that.
• 27:49
  Speaker 2: The other thing that we did when we chose this
• 27:52
  Speaker 2: this renovation approach, we were able to do it in
• 27:56
  Speaker 2: a much more sustainable way, and we were able to
• 28:00
  Speaker 2: do it much more efficiently. And we said at the
• 28:03
  Speaker 2: time that doing a renovation versus a new build, collectively
• 28:11
  Speaker 2: we saved about.
• 28:12
  Speaker 1: A billion dollars.
• 28:13
  Speaker 2: Okay, now I would suggest it's even more than that
• 28:16
  Speaker 2: based on what's happened. Just look at the pricing of
• 28:18
  Speaker 2: new build stadiums that are out there. So so all
• 28:21
  Speaker 2: all those things weigh. So yes, we're going to have
• 28:24
  Speaker 2: to be really conscious of what our local revenue is
• 28:26
  Speaker 2: for the twenty sixth season and the twenty seventh season.
• 28:30
  Speaker 2: But keeping in mind, collectively with our partner at the City,
• 28:34
  Speaker 2: both of us have come up with a pretty efficient
• 28:38
  Speaker 2: way to deliver a stadium that convinced an NFL team
• 28:42
  Speaker 2: to sign a thirty year lease.
• 28:44
  Speaker 4: So you guys still controlled the London game operations and
• 28:48
  Speaker 4: all of those said at.
• 28:49
  Speaker 2: Wembley, Yeah, the one thing that's different with these these
• 28:55
  Speaker 2: these resolution games that the league refers to when they
• 28:58
  Speaker 2: can take one game every four years, the league operates that.
• 29:02
  Speaker 2: So while you know we will be the designated home
• 29:07
  Speaker 2: team for both the game at Wembley and the game
• 29:09
  Speaker 2: at Tottenham Hotspur, the League will operate the Spurs game
• 29:14
  Speaker 2: as they do for all the other games that were there,
• 29:16
  Speaker 2: but we will operate one hundred percent the Wembley game
• 29:19
  Speaker 2: and then we the economics of those the structure of
• 29:21
  Speaker 2: the economics are different for our game at Wembley versus Spurs.
• 29:25
  Speaker 1: You have an agreement with.
• 29:26
  Speaker 4: The league, I know you had one.
• 29:28
  Speaker 6: I think through last year.
• 29:29
  Speaker 4: Maybe he's twenty four to do that annually.
• 29:32
  Speaker 6: Still where you guys just kind.
• 29:33
  Speaker 1: Of think, I think we just signed the extension that
• 29:36
  Speaker 1: allows us to play the game this year, So this year,
• 29:42
  Speaker 1: that shouldn't signal anything other than the league likes to
• 29:46
  Speaker 1: keep their options open.
• 29:47
  Speaker 4: So for the most part, I think before in one
• 29:51
  Speaker 4: of the older state of the Union addresses, which I
• 29:53
  Speaker 4: don't think you've had a while, I think London revenue
• 29:56
  Speaker 4: made up like eleven percent of the team's local.
• 29:59
  Speaker 1: Revenue is yah out at the beginning.
• 30:00
  Speaker 2: It's it's it's nowhere near that high anymore because we've
• 30:03
  Speaker 2: made significant progress here in Jacksonville, and uh, you know,
• 30:10
  Speaker 2: the economic motivation will change even more once we move
• 30:14
  Speaker 2: into the new stadium. So all those are all the
• 30:16
  Speaker 2: things we need to consider when we go back and
• 30:17
  Speaker 2: look at what our strategy is.
• 30:19
  Speaker 1: You have been able.
• 30:20
  Speaker 6: To protect you know, games games here as opposed to
• 30:25
  Speaker 6: or will you worry about that with the ving Olympic capacity,
• 30:27
  Speaker 6: or do you still have the ability to tell the league, hey,
• 30:30
  Speaker 6: we'd like to protect this opponent in Jacksonville or yeah.
• 30:34
  Speaker 2: I don't think we're going to say, okay, let's let's
• 30:37
  Speaker 2: not protect the most popular game because we're going to
• 30:41
  Speaker 2: sell it out anyway. I don't think that's fair to
• 30:43
  Speaker 2: our fans that are that are going to be there.
• 30:45
  Speaker 2: I mean, I mean keep in mind, you know, our
• 30:49
  Speaker 2: our hope is that most of our seats will be
• 30:52
  Speaker 2: occupied by our season ticket holders. Okay, and those are
• 30:55
  Speaker 2: our real core fans, and you know we're gonna rely
• 30:59
  Speaker 2: on them for a long time. You know, whether you
• 31:00
  Speaker 2: are a season ticket holder, or whether you buy by single
• 31:03
  Speaker 2: game tickets, or if you don't go to Jaguar games,
• 31:05
  Speaker 2: you can still.
• 31:05
  Speaker 1: Be a fan and we still appreciate your support.
• 31:08
  Speaker 2: But but I think that we will be guided by
• 31:12
  Speaker 2: you know, protecting, and we can protect two games that
• 31:16
  Speaker 2: that that that we will assess which of those games
• 31:20
  Speaker 2: would be best received by our fans to be played here.
• 31:23
  Speaker 2: And you know, there's there's also good discussion and probably
• 31:28
  Speaker 2: a better level of communication that we've had since I've
• 31:31
  Speaker 2: been here in terms of what football thinks from a
• 31:34
  Speaker 2: competitive standpoint. They may they may not, they may like
• 31:38
  Speaker 2: a matchup at home against it certain.
• 31:40
  Speaker 6: How important is that that that relationship with the football
• 31:44
  Speaker 6: side of things.
• 31:45
  Speaker 1: But it's it's incredible.
• 31:46
  Speaker 2: I mean, it's you know, again, I'm not I'm not
• 31:49
  Speaker 2: being critical to you know, anyone who proceeded James or Liam,
• 31:54
  Speaker 2: or or or Tony, but this is at a whole
• 31:57
  Speaker 2: other level and there's a and there's great level of
• 32:02
  Speaker 2: respect for what each side of the organization does, and
• 32:06
  Speaker 2: there's tremendous sensitivity. You know, from a business standpoint, we
• 32:10
  Speaker 2: know the best thing for our to meet our objectives
• 32:15
  Speaker 2: is to win football games. So anything we can do
• 32:18
  Speaker 2: to support the football team, and the football team knows
• 32:21
  Speaker 2: they have a much better chance of winning on Sunday
• 32:23
  Speaker 2: if the place is packed. And you know, just as
• 32:26
  Speaker 2: an aside, we've we've had some great environments over the
• 32:35
  Speaker 2: thirteen seasons i've been here. I don't think anything showed
• 32:40
  Speaker 2: what this market is capable more than our playoff game
• 32:43
  Speaker 2: against Buffalo this year, because you saw the stands. Unlike
• 32:49
  Speaker 2: a lot of times when the Bills roll in here,
• 32:52
  Speaker 2: it was still dominated by Jaguar fans, and they were loud,
• 32:55
  Speaker 2: and and it was it was great and and and
• 32:58
  Speaker 2: I think that was that was appreciated by the football side,
• 33:01
  Speaker 2: and it was really appreciated by all of us on
• 33:02
  Speaker 2: the business side that yes, we're correct. If we put
• 33:06
  Speaker 2: the right product on the field and we give our
• 33:08
  Speaker 2: fans the right product for them to enjoy in the stadium,
• 33:11
  Speaker 2: we're going to get an unparalleled experience.
• 33:15
  Speaker 5: I'm want to make sure I heard you correct now,
• 33:16
  Speaker 5: But in terms of the twenty twenty seven game or
• 33:18
  Speaker 5: twenty twenty seven home game location, he said, we may
• 33:21
  Speaker 5: learn about that in March.
• 33:23
  Speaker 1: Yeah.
• 33:24
  Speaker 2: The process for that is it needs to be first
• 33:28
  Speaker 2: approved by probably two ownership committees. Ownership committees convene next
• 33:36
  Speaker 2: week in Palm Beach Monday and Tuesday, So this matter
• 33:40
  Speaker 2: we'll probably go in front of two committees next week,
• 33:43
  Speaker 2: and then if it comes out of those committees with
• 33:44
  Speaker 2: an affirmative vote, it goes to a vote of all
• 33:47
  Speaker 2: thirty two owners And that process was no different than
• 33:50
  Speaker 2: what we had to go through to get our our
• 33:51
  Speaker 2: thirty year least extension approved.
• 33:53
  Speaker 1: But it looks like we're on that on that timetable.
• 33:56
  Speaker 3: I'm just what make sell I'm hearing correct, But that
• 33:58
  Speaker 3: may we may not know it's will March.
• 34:00
  Speaker 1: Though, correct? Right?
• 34:01
  Speaker 2: We meant it can't be officially one guaranteed until the
• 34:08
  Speaker 2: full ownership body of the National Football League votes on it,
• 34:11
  Speaker 2: and that vote can't happen any earlier than the end
• 34:14
  Speaker 2: of March.
• 34:15
  Speaker 6: Another question answer that what factors?
• 34:18
  Speaker 3: If you can explain what factors are in play in
• 34:20
  Speaker 3: terms of making that decision, you know as we're going
• 34:23
  Speaker 3: to play it at this stadium, what we're going to
• 34:24
  Speaker 3: play it at this stadium?
• 34:25
  Speaker 1: What goes into that decision, Well, a whole variety of things.
• 34:29
  Speaker 2: You know, what do our customers want, That's why we
• 34:31
  Speaker 2: did a lot of surveys of our season ticket holders,
• 34:34
  Speaker 2: what do our sponsors want, what our employees want, you know,
• 34:38
  Speaker 2: and you know, we also want.
• 34:40
  Speaker 1: To make sure that that.
• 34:41
  Speaker 2: Wherever the games are we played, it is it is
• 34:43
  Speaker 2: played at an in an NFL caliber stadium. We think
• 34:47
  Speaker 2: it's really important that the games are played in front
• 34:49
  Speaker 2: of a full house, and it needs to be convenient
• 34:57
  Speaker 2: for Jaguar fans to get there. But it all so
• 35:00
  Speaker 2: it has to be in a market where there's enough
• 35:03
  Speaker 2: football fans to be able to buy what will be
• 35:06
  Speaker 2: tickets that Jaguar fans will not purchase. So, you know,
• 35:10
  Speaker 2: those are those are principally the things we looked at,
• 35:13
  Speaker 2: and there's no secret it's it's we spent a lot
• 35:16
  Speaker 2: of time looking at Florida Field in Gainsville. We've talked
• 35:19
  Speaker 2: about some of the challenges there. We spent a lot
• 35:21
  Speaker 2: of time at Camping World Stadium in in Orlando. Uh,
• 35:26
  Speaker 2: the NFL has certain certain requirements.
• 35:30
  Speaker 1: Uh. The logistics have to.
• 35:31
  Speaker 2: Work out not only for the home team but also
• 35:34
  Speaker 2: the visiting team locker rooms, UH, space on the sideline
• 35:38
  Speaker 2: so that you can continue to support a high quality
• 35:40
  Speaker 2: television production. So those are probably most of the things
• 35:43
  Speaker 2: that we considered.
• 35:44
  Speaker 3: One last question I had, if you can clarify that
• 35:46
  Speaker 3: you mentioned the still beams that are here that are
• 35:47
  Speaker 3: going on. You said that is to support I guess
• 35:50
  Speaker 3: the root.
• 35:51
  Speaker 2: For the Eventually what will happen is those those steel
• 35:54
  Speaker 2: beams will encircle the stadium. Meget correct me if I
• 35:57
  Speaker 2: get anything wrong here, they will in circle circle the stadium,
• 36:01
  Speaker 2: and then all of the load that is created by
• 36:05
  Speaker 2: the new roof will be supported by those steel beams.
• 36:11
  Speaker 1: November.
• 36:12
  Speaker 2: Yeah, the steel beams on the outside would be by November.
• 36:15
  Speaker 2: And then then the next thing, that's the most important piece,
• 36:18
  Speaker 2: which is really critical. And you know, I don't want
• 36:21
  Speaker 2: to get in too much detail here because if you
• 36:22
  Speaker 2: asked me questions, I'll probably have to make something up.
• 36:26
  Speaker 1: Uh.
• 36:27
  Speaker 2: There's what they call a compression ring which sits on
• 36:29
  Speaker 2: top of those and it's that compression ring which actually
• 36:33
  Speaker 2: ends up supporting the roof. There's a there's a steel
• 36:36
  Speaker 2: cable net structure that basically lays on the field, lays
• 36:43
  Speaker 2: over the seating bowl. And then once you get the
• 36:46
  Speaker 2: compression ring in place, and the compression ring is expected
• 36:49
  Speaker 2: to be in by next next February, and we can't
• 36:53
  Speaker 2: miss that that is really a critical path date. Once
• 36:55
  Speaker 2: you get the compression ring, then slowly you can raise
• 37:00
  Speaker 2: that cable nut cable nut structure up to the roof
• 37:04
  Speaker 2: and then to that structure is what you attach the
• 37:07
  Speaker 2: roof structure.
• 37:08
  Speaker 1: The build on basic to be on budget or.
• 37:11
  Speaker 2: Off far over, that's a that's a that's a hard
• 37:15
  Speaker 2: question to answer you right now. What I what I
• 37:20
  Speaker 2: would say is this is this is different than other
• 37:23
  Speaker 2: other projects.
• 37:24
  Speaker 1: Okay, if we're.
• 37:25
  Speaker 2: Just building on a green field side, it would be
• 37:28
  Speaker 2: a lot easier. Like for example, with with new stadiums,
• 37:34
  Speaker 2: a lot of a lot of times they'll discover things
• 37:37
  Speaker 2: that were like unforeseen conditions. We didn't know that there
• 37:42
  Speaker 2: was environmental problems under the ground, okay, and then early
• 37:45
  Speaker 2: on in the process and most of the unforeseen conditions
• 37:49
  Speaker 2: in new stadiums are.
• 37:50
  Speaker 1: All subsurface stuff.
• 37:51
  Speaker 2: Okay, So if we're building new we would be through that,
• 37:56
  Speaker 2: which gives you more certainty. Unfortunately that it's not this
• 38:00
  Speaker 2: process because of because it's a renovation and there's existing
• 38:06
  Speaker 2: systems in the building that will be reused, some will
• 38:10
  Speaker 2: be removed. As I've said before, there are surprises around
• 38:14
  Speaker 2: every corner, and so discovering these unforeseen conditions last a
• 38:20
  Speaker 2: lot longer for us. So you know, our cost projections
• 38:25
  Speaker 2: literally change in real time. If I gave you a
• 38:28
  Speaker 2: number today, it'd be outdated a half hour from now.
• 38:31
  Speaker 2: I did say this a few weeks ago, and I'll
• 38:33
  Speaker 2: repeat it. We will be over one point four billion.
• 38:36
  Speaker 2: What that number will be, you know, we won't really
• 38:40
  Speaker 2: know with great certainty until we get through a lot
• 38:44
  Speaker 2: of the renovation stuff that's going on inside the stadium.
• 38:47
  Speaker 1: You mentioned briefly.
• 38:48
  Speaker 2: Then international game in the twenty seven season.
• 38:50
  Speaker 4: Do you have an idea on how many kind of.
• 38:52
  Speaker 6: Things you can do up before?
• 38:53
  Speaker 4: Is there?
• 38:53
  Speaker 2: Well, in twenty twenty seven, our agreement with the city
• 38:57
  Speaker 2: of Jacksonville would allow to play up to three. We
• 39:01
  Speaker 2: know we're playing one for sure, because that's that's a
• 39:04
  Speaker 2: resolution game that the league is gonna gonna take from us. Okay, uh,
• 39:09
  Speaker 2: and then beyond that we haven't determined yet. I mean
• 39:13
  Speaker 2: I I would think we would continue our annual game
• 39:15
  Speaker 2: in London, you know, but there's there's there's.
• 39:18
  Speaker 1: A lot of pieces that need to fall in place
• 39:19
  Speaker 1: for that.
• 39:20
  Speaker 2: Beyond that, you know, one of the reasons we had
• 39:25
  Speaker 2: the ability to go to three games was done if
• 39:27
  Speaker 2: there were scheduling issues or something like that.
• 39:30
  Speaker 6: Mark, how much pride do you and Shod take in
• 39:34
  Speaker 6: this project? Being here we're seeing the Chiefs possibly moving
• 39:37
  Speaker 6: Arrowhead out of the state, We're seeing the Bears possibly
• 39:40
  Speaker 6: moving a new stadium. How much pride do you guys
• 39:44
  Speaker 6: take collectively that you were able to do this here?
• 39:47
  Speaker 2: Well, that's that's that's all credit to Shod. You know,
• 39:53
  Speaker 2: Shod spent a lot of time doing due diligence on
• 40:01
  Speaker 2: the purchase of the Saint Louis Rams, so he knows
• 40:03
  Speaker 2: that market.
• 40:04
  Speaker 1: Well. I was born and raised in Saint Louis.
• 40:09
  Speaker 2: I know what it's like to a sports young sports
• 40:11
  Speaker 2: fan in a community to lose your team, because we
• 40:15
  Speaker 2: did it multiple.
• 40:15
  Speaker 1: Times in Saint Louis, Okay.
• 40:18
  Speaker 2: And you know, owners that that move their teams from
• 40:24
  Speaker 2: one city to another, their legacy in that city is
• 40:28
  Speaker 2: never the same. Now they may have a greater legacy
• 40:31
  Speaker 2: where they moved. But you know, it affects It affects them,
• 40:34
  Speaker 2: and I think Shad and his family are extremely proud
• 40:37
  Speaker 2: that they could make it work here without having to
• 40:41
  Speaker 2: sacrifice those things that were important to everybody in this community.
• 40:45
  Speaker 2: That we have a stable, financially strong, consistently competitive football
• 40:50
  Speaker 2: team that provides our fans in the community the type
• 40:54
  Speaker 2: of experience that they deserve. So once, once we were
• 40:58
  Speaker 2: able to work very closely with the city to come
• 41:00
  Speaker 2: up with that, you know, that approach, I said, yeah,
• 41:04
  Speaker 2: it's you know, I certainly don't want to near the
• 41:07
  Speaker 2: end of my career be moving a team or be
• 41:10
  Speaker 2: part of moving a team.
• 41:11
  Speaker 1: Wouldn't be my decision.
• 41:12
  Speaker 2: But yeah, I think Shot, I think Shot and his
• 41:14
  Speaker 2: family and you can see, you know, I mean you
• 41:16
  Speaker 2: can you can visibly see the commitment that that family
• 41:19
  Speaker 2: is making the Jacksonville. Let me just look, you know,
• 41:23
  Speaker 2: if you look at that building, I can see where
• 41:26
  Speaker 2: SHOT's new condo is, and I can see where Tony.
• 41:28
  Speaker 1: And Sean Sean are moving. Okay, it's a big commitment.
• 41:33
  Speaker 2: Talking about supply and demands as it impacts ticket prices next.
• 41:37
  Speaker 3: Year, I mean, if you have a lot of interest
• 41:39
  Speaker 3: in probably purchasing tickets for your tickets to go around.
• 41:42
  Speaker 3: The season ticket holders get a priority.
• 41:45
  Speaker 2: Yeah, season ticket holders always get a priority. Season ticket
• 41:48
  Speaker 2: holders always get priority pricing as well. I can tell
• 41:52
  Speaker 2: you if there are tickets that aren't sold by our
• 41:54
  Speaker 2: season ticket holders.
• 41:56
  Speaker 1: To try to.
• 41:57
  Speaker 2: Deal with the UH, to deal with the revenue impact
• 42:01
  Speaker 2: we're facing, you know, we will probably be pretty aggressive
• 42:05
  Speaker 2: on the secondary market in managing, you know, to have
• 42:09
  Speaker 2: the price of the ticket reflect the value based on
• 42:14
  Speaker 2: the demand. So if we have unbelievable demand for tickets,
• 42:20
  Speaker 2: I don't think that it should be a surprise to
• 42:22
  Speaker 2: think that that's going to be reflected on pricing on
• 42:24
  Speaker 2: the secondary market. But but again I would go back
• 42:26
  Speaker 2: to I mentioned earlier the Bill's playoff game, that same
• 42:29
  Speaker 2: dynamic occurred. Season ticket holders were able to purchase their tickets.
• 42:35
  Speaker 2: I think the average increase was seven percent for the
• 42:37
  Speaker 2: playoff tickets for season ticket holders. So if you talk
• 42:39
  Speaker 2: to season ticket holders and they heard people claying, oh,
• 42:42
  Speaker 2: I'm going online, I can't believe these tickets are so expensive.
• 42:44
  Speaker 2: The season ticket holders were saying, you know what, my mind,
• 42:47
  Speaker 2: were pretty reasonable about what was left. There was such
• 42:51
  Speaker 2: market demand for it that pricing moves it, and it's
• 42:54
  Speaker 2: not always the Jaguars doing that because there's so many
• 42:57
  Speaker 2: tickets that are available on the secondary market that don't
• 42:59
  Speaker 2: come through our approved ticket market season ticket holders, ticket
• 43:06
  Speaker 2: brokers sometimes if we can't identify and buy tickets, and
• 43:08
  Speaker 2: then they sell them on the secondary market and their
• 43:11
  Speaker 2: focus is simply to try to maximize the revenue they
• 43:14
  Speaker 2: can get from the resale of that ticket. Yeah, you
• 43:17
  Speaker 2: mentioned ideally that you wanted like that four week have
• 43:20
  Speaker 2: like two road games here, bye week in the London
• 43:22
  Speaker 2: games for construction in twenty twenty seven or for the
• 43:25
  Speaker 2: twenty sixty season.
• 43:27
  Speaker 6: How much foot boost if you get that from the NFL?
• 43:30
  Speaker 2: How much boost could you see in construction when it
• 43:32
  Speaker 2: comes to the project And could we possibly see a
• 43:35
  Speaker 2: half and half and twenty twenty seven where half of
• 43:37
  Speaker 2: it could be in jactable and half could be an
• 43:38
  Speaker 2: other location. No, it's it's that window is more of
• 43:42
  Speaker 2: creating a backup in the event we don't get all
• 43:45
  Speaker 2: the work we need to get done by the start
• 43:47
  Speaker 2: of the season. Is there certain work that has to
• 43:50
  Speaker 2: be done as soon as the season ends, Hopefully we'll
• 43:53
  Speaker 2: get all of it done by the start of the season.
• 43:56
  Speaker 2: But if we don't get it done, this will give
• 43:59
  Speaker 2: us a window to gain in there. It also allows
• 44:01
  Speaker 2: to get ahead on some stuff, but not so much
• 44:03
  Speaker 2: that it would change in any drastic way the availability
• 44:07
  Speaker 2: of the stadium going far, because you know I mentioned
• 44:10
  Speaker 2: that compression ring and that process of raising that cable net.
• 44:14
  Speaker 1: That process takes.
• 44:15
  Speaker 2: About ten months, I think, mega, So you couldn't the
• 44:18
  Speaker 2: stadium could be totally done and you couldn't play games
• 44:21
  Speaker 2: there because it takes ten months to raise this cable
• 44:24
  Speaker 2: net structure up to the roof.
• 44:27
  Speaker 1: Yeah, I'm sorry.
• 44:29
  Speaker 6: What percentage of tickets next season at this point do
• 44:32
  Speaker 6: you expect to be held by season ticket holders?
• 44:35
  Speaker 2: I'll let you know when we finished the renewal process.
• 44:37
  Speaker 2: Means the renewal loses.
• 44:39
  Speaker 1: Are going out to our season ticket dollars the next
• 44:41
  Speaker 1: forty eight hours. Chris, Yes.
• 44:46
  Speaker 2: And then where do you stand on identifying a sponsor
• 44:50
  Speaker 2: for the next new stadium.
• 44:53
  Speaker 1: A lot of discussions going on.
• 44:55
  Speaker 2: It has to be the right fit for the sponsor,
• 44:58
  Speaker 2: it has to be the right fit for us, has
• 45:00
  Speaker 2: to be the right fit for Jacksonville.
• 45:02
  Speaker 1: So we're that's a priority for us.
• 45:05
  Speaker 2: But I mean keep in mind, that's not the only
• 45:07
  Speaker 2: thing we're working on, because we have all the other
• 45:09
  Speaker 2: commercial aspects of the new stadium. We're working with sponsors
• 45:12
  Speaker 2: to try to keep them on board in twenty twenty six,
• 45:16
  Speaker 2: and then we're gonna be thinking about, Okay, how do
• 45:17
  Speaker 2: we fit sponsors into our twenty twenty seven plan, you know,
• 45:20
  Speaker 2: once that location is determined.
• 45:22
  Speaker 1: So we had a lot.
• 45:22
  Speaker 2: Going on, and not surprising, as part of that, we've
• 45:27
  Speaker 2: really added turnanus amount of staff on the sponsorship and
• 45:31
  Speaker 2: the ticket sales front. Chris Gargani is the backhead of
• 45:35
  Speaker 2: ticket sales, and in fact, if you.
• 45:38
  Speaker 1: Drive by the uh the.
• 45:41
  Speaker 2: Fairground site, you can see a building that looks like
• 45:43
  Speaker 2: it's under construction that was an existing building that's being remodeled,
• 45:47
  Speaker 2: and that we'll open as our sales center for season
• 45:50
  Speaker 2: ticket holders, primarily to come in and take a look
• 45:53
  Speaker 2: at seats and choose their seats for twenty twenty eight.
• 45:55
  Speaker 2: And we expect that to open sometime late this summer
• 46:00
  Speaker 2: of churss.
• 46:01
  Speaker 1: Yeah, hopefully July fourth, when.
• 46:04
  Speaker 3: We see the shiny new roof start to take shape.
• 46:08
  Speaker 2: I think the first of that will go in second
• 46:14
  Speaker 2: quarter twenty twenty seven. Yeah, so at first half of
• 46:19
  Speaker 2: twenty twenty seven. Now what will happen is you'll you'll
• 46:24
  Speaker 2: see the shiny part of it going on us on
• 46:26
  Speaker 2: the sides first, and then what's on the top will
• 46:30
  Speaker 2: go in last. Ye don't really see that unless you're
• 46:31
  Speaker 2: in a blimp shot or inside.
• 46:34
  Speaker 1: So yes, have you started.
• 46:36
  Speaker 3: Looking at changes for parking or entering into the game
• 46:39
  Speaker 3: or even getting out of the game that's.
• 46:40
  Speaker 1: Far standard concerned for this year? Are in twenty twenty
• 46:44
  Speaker 1: eight for this year?
• 46:45
  Speaker 2: Yes, I mean it's on one hand, we're not gonna
• 46:49
  Speaker 2: have as many cars parking because we're not gonna have
• 46:51
  Speaker 2: as many people at each of the game, So that's
• 46:53
  Speaker 2: like a blessing way in disguise, But we're gonna continue
• 46:57
  Speaker 2: to try to maximize that.
• 46:59
  Speaker 1: As you can see if you look out here. I
• 47:01
  Speaker 1: mentioned earlier, we're.
• 47:01
  Speaker 2: Going to have to make place for our players to
• 47:05
  Speaker 2: park out here because we're going to have to get
• 47:07
  Speaker 2: access to the player of parking. Right now, you can
• 47:09
  Speaker 2: see there's a lot of construction work that's out there.
• 47:11
  Speaker 2: So I don't think the parking experience, I don't know
• 47:15
  Speaker 2: if it's a good thing or bad thing. Chris, you
• 47:17
  Speaker 2: can jump in here if I'm wrong, I don't think
• 47:19
  Speaker 2: it'll be much different than it was last year. There
• 47:22
  Speaker 2: may be some more lots that are encumbered, but that'll
• 47:25
  Speaker 2: be offset by fewer cars coming. So I think it'll
• 47:27
  Speaker 2: probably similar to this year, which was an adjustment for
• 47:31
  Speaker 2: our fans, but we don't think it was. It was intolerable. Okay,
• 47:41
  Speaker 2: all right, well, thank you all very much