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Speaker 1: Good morning, Thanks for thanks for coming.

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Speaker 2: You know, most of what we have to share relates

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Speaker 2: to to twenty twenty six, but because so much of

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Speaker 2: what's influencing twenty twenty six is the construction, we thought

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Speaker 2: it would be appropriate to give everybody an update on

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Speaker 2: what's going on, because you can see there's a tremendous

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Speaker 2: amount of activity. But before we get started, while there's

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Speaker 2: there's been a lot of discussion for a lot of years,

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Speaker 2: and there's been a lot of moving parts during that time,

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Speaker 2: and all designed to deliver on Shod's vision of a

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Speaker 2: stable Jaguars NFL franchise here in Northeast Florida for.

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Speaker 1: Generations to come.

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Speaker 2: And there was a whole sequence of things that had

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Speaker 2: to happen, and they needed to happen in a certain order.

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Speaker 2: And you know what I find particularly exciting is that

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Speaker 2: these things are these things are actually.

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Speaker 1: Coming to life right now.

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Speaker 2: So if you started with one of the first things

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Speaker 2: we had to do is get all the football staff

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Speaker 2: out of the stadium to enable renovations to occur. And

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Speaker 2: here we are sitting in the Mill Electric Center. We

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Speaker 2: had to get the whole business staff out of the

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Speaker 2: stadium so they could come in do a lot of

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Speaker 2: demolition because all the space that most of the space

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Speaker 2: that football and business was using is all being repurposed

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Speaker 2: in the stadium in the future. And right across the

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Speaker 2: parking lot, unfortunately that palm is blocking the view is

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Speaker 2: a new office building. We moved in there Monday, so

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Speaker 2: the business staff is settled in in a new office building.

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Speaker 2: The football staff has been here for a while. The

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Speaker 2: stadium construction is underway, and you know, all everything that

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Speaker 2: led up to just getting to the point where you

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Speaker 2: could begin construction, the promise of the Four Seasons Hotel.

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Speaker 2: I mean you can see it right across the way,

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Speaker 2: the new marina behind the Four Seasons. That new public

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Speaker 2: marina will actually open late this summer, so if you

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Speaker 2: got out there, you could see all the work that's

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Speaker 2: actually being done. The river walk in front of the

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Speaker 2: Four Seasons, and this new marina that will open the

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Speaker 2: same time as the marina, so you can expect that

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Speaker 2: sometime this summer. There's a marina building that's connected to

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Speaker 2: the marina that includes a restaurant, Asado Life, opening their

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Speaker 2: second location. First location is down in Saint Augustine that'll

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Speaker 2: open up early this fall, and all the funding is

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Speaker 2: in place to finish the North Bank Parks. So all

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Speaker 2: of those things were integral components of Shad's vision too,

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Speaker 2: to have a community and a location that not only

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Speaker 2: would uplift its residents but also create a place where

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Speaker 2: an NFL franchise can thrive for generations to come. So

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Speaker 2: it isn't just promises. These are promises that are being fulfilled,

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Speaker 2: which is a which is a great thing. So let

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Speaker 2: me start with a construction update. You know now that

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Speaker 2: the and a lot of this is into release. That's

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Speaker 2: that's in front of you. Now that the season has

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Speaker 2: has ended, major construction, as you can see, continues both

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Speaker 2: in Bawl and outside the stadium.

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Speaker 1: There's seventy five deep foundation.

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Speaker 2: Elements that have already been completed outside the stadium. So

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Speaker 2: if you look at if you look at some of

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Speaker 2: that steel right out there, and you see that that

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Speaker 2: steal is connected to a big concrete piece of structure

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Speaker 2: that goes way down and that provides the structural integrity

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Speaker 2: for what ultimately will hold the roof over the stadium.

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Speaker 2: So seventy five of those have been completed. One percent

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Speaker 2: of those outside deep pile foundation elements will be completed

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Speaker 2: by August, so there's a lot of work.

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Speaker 1: That needs to get thrown me to now in August.

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Speaker 2: There's actually six big cranes. They call them crawler cranes

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Speaker 2: because they actually move around. As the work progresses, those

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Speaker 2: cranes move, so there's six of them actually in operation,

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Speaker 2: both outside and inside the stadium. One of the interesting

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Speaker 2: things this crane right here is our problem child, and

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Speaker 2: that that one goes around the stadium this way and

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Speaker 2: you get to a real pinch point. So when you

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Speaker 2: come back here, I guess in a few months, Ryan,

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Speaker 2: you're going to see that a large portion of the

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Speaker 2: player park not here at the Miller Electric Center will

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Speaker 2: be removed on a temporary basis.

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Speaker 1: The players that will park out here, so.

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Speaker 2: You know that's moving along. All of the structural steel

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Speaker 2: will be completed by November. There's one hundred steel trusses

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Speaker 2: that are being installed as we speak right now. We

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Speaker 2: opened up a big staircase in by Gate one earlier

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Speaker 2: this year that was open for most of the of

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Speaker 2: the season. The second grand staircase is right behind us

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Speaker 2: that will open early during the twenty twenty six season,

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Speaker 2: and then there will be similar staircases on all four

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Speaker 2: corners of the stadium, along with escalators that will run

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Speaker 2: in tandem with the with the stairs. The escalators will

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Speaker 2: come at a later date before twenty twenty eight, but

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Speaker 2: they won't be this year. The main concourse expansion is underway,

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Speaker 2: and you can really begin to get a sense for

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Speaker 2: how wide the concourse will will be. If you look

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Speaker 2: at the outer edge of that steel, that's the width

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Speaker 2: of the concourse. The concourse will is about four times

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Speaker 2: the width that it is right now. So if you

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Speaker 2: if you ever find yourself on the main concourse during

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Speaker 2: a Jaguars game or in the upper deck there's significant crowding,

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Speaker 2: that all that crowding will be relieved because they'll be

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Speaker 2: significant more room for our fans to find their way.

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Speaker 2: But we got a long long way to go. We've

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Speaker 2: currently completed fifteen percent of the project. We're progressing well,

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Speaker 2: we're on schedule, but have a long long way to go. Currently,

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Speaker 2: there's an access of five hundred and fifty full time

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Speaker 2: workers working each day on this project and that will

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Speaker 2: continue to ramp up. And one of the other commitments

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Speaker 2: of this project, we always said that, you know, the

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Speaker 2: end result was just a shiny new football stadium. Then collectively,

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Speaker 2: I think we would have missed a huge opportunity. So

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Speaker 2: you know, we were really proud of not only the

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Speaker 2: community Benefits agreement, but also to make certain commitments to

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Speaker 2: make sure that during the construction period our project benefited

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Speaker 2: the community to the maximum that it could. So we

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Speaker 2: call these community construction metrics. We're running ahead on all

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Speaker 2: of them. The local, small and emerging businesses, we're running

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Speaker 2: ahead of what our goal was a local business participation.

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Speaker 1: We're running ahead.

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Speaker 2: In fact, as we sit here today, we've got over

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Speaker 2: one hundred and forty local contractors that have already been

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Speaker 2: doing work on this project, which also means a lot

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Speaker 2: of local people are being put to work. There's a

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Speaker 2: big issue in the in the construction industry, in the

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Speaker 2: building trades as it relates to getting labor in the pipeline.

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Speaker 2: That's why if you listen to Hayes's radio station, you'll

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Speaker 2: hear Miller Electric recruiting for employees to come through their

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Speaker 2: training program. So we had a goal in terms of

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Speaker 2: trying to include as many apprentices as we can't could

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Speaker 2: on this project. We're running ahead of that, and also

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Speaker 2: had a big by American goal and we're running ahead

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Speaker 2: of that as well, so we feel good. We still

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Speaker 2: had a long, long way to go, and there will

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Speaker 2: be continued progress to be made, but we are exceeding

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Speaker 2: all of the goals that we voluntarily agreed to with

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Speaker 2: the City of Jacksonville. So let me just take a minute.

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Speaker 1: Steal your path on. This is a time lapse.

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Speaker 2: Drone video and lindsay, I think we're gonna post this

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Speaker 2: on our website after this. Okay, so this was actually

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Speaker 2: taken yesterday. Come on, okay, So this is the southeast corner.

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Speaker 2: Some of the things you can see here the last

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Speaker 2: during the playoff game. There's a big skybridge here is

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Speaker 2: that connected this to this that has been torn out.

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Speaker 2: These ramps are in the process of being taken out.

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Speaker 2: You're going to see seats that will be taken out

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Speaker 2: in each of the four corners. If you look here,

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Speaker 2: you can get a sort of a look about what's happening.

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Speaker 2: In the north end zone. A lot of those of

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Speaker 2: that seating has been removed. That's being removed to allow

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Speaker 2: to put in the additional structure necessary to support the

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Speaker 2: temporary seats that will go in for the Florida Georgia game.

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Speaker 2: This is that grand staircase near Gate one that we

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Speaker 2: opened earlier this year. And again you can get a

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Speaker 2: sense now for the width of this concourse in the

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Speaker 2: regular season. It's well here you can see where it stoped.

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Speaker 2: It stopped right there, and now it's eventually going to

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Speaker 2: wrap all the way around this, all the way from

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Speaker 2: this staircase, all the way to the other to the

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Speaker 2: other staircase, and eventually around the entire stadium. If you

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Speaker 2: look inside the bowl, you can see the seats have

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Speaker 2: been removed in the upper deck and there's been demolition

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Speaker 2: down near the field level. Now this will be rebuilt

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Speaker 2: in time for this season, but that's allowed to get

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Speaker 2: in there because that all the work is being done

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Speaker 2: is those are some field clubs that are being put in.

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Speaker 1: Let me step over here.

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Speaker 2: Now we're coming into that was that crane that I

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Speaker 2: was just talking about earlier. So this is sort of

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Speaker 2: that pinch point as you come around here. This is

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Speaker 2: the Miller Electric Center. We're actually all standing right there.

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Speaker 2: I'm standing there, you're all sitting there, and you'll get

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Speaker 2: your first lamps here. You can get another look at

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Speaker 2: some of the seats that have been removed and in

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Speaker 2: this corner. Right here, you'll actually be able to look

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Speaker 2: from outside the stadium inside the seating bowl. So this

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Speaker 2: gives you a real example of how those seats get

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Speaker 2: get cut out, and if you recall the design, the

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Speaker 2: reason for that is to create these breezeways in each

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Speaker 2: of the four corners to not only provide great, great

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Speaker 2: decks to overlook the river and downtown, but also to

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Speaker 2: provide ventilation through the stadium to.

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Speaker 1: Keep it even cooler. The sky deck.

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Speaker 2: At this end, which is usually a group sales tailgating

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Speaker 2: area that'll be closed for next year. This is the

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Speaker 2: northeast corner. Again, as you're wrapping around, you can see

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Speaker 2: all the work that's going on the first part of

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Speaker 2: the construction for the grand staircase that'll be located in

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Speaker 2: that corner, and again you can see how pieces of

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Speaker 2: the stadium have been removed. And then ultimately we come

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Speaker 2: back in because not only the main concourse but the

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Speaker 2: upper deck will offer three hundred and sixty degree circulation.

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Speaker 2: You can't do that now, so you'll be able to

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Speaker 2: walk around the entire stadium at both the main concourse

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Speaker 2: and the upper level. They're a little actually a little

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Speaker 2: further along on this side of the stadium.

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Speaker 1: In terms of.

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Speaker 2: The steel construction, ultimately all this comes up. This steel

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Speaker 2: is scheduled to be done by November, so there will

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Speaker 2: be work going on during the seasons. That's one of

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Speaker 2: the primary reasons there's actually the steel. Then we'll canni

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Speaker 2: leaver over the upper deck. That's why we have to

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Speaker 2: close the upper deck. It just wouldn't be safe for

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Speaker 2: people to be up there, and so that concourse will

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Speaker 2: wrap in front of what is currently the club seat entrance. Again,

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Speaker 2: this is on the east side of the stadium, and

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Speaker 2: you can see these these ramps are all in.

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Speaker 1: The process of being dismantled. So this gets us back

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Speaker 1: to where we are.

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Speaker 2: That's our office building and we moved in Monday, and

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Speaker 2: that's the four Seasons and behind that is the marina

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Speaker 2: that I referenced to a few seconds ago. So we'll

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Speaker 2: post this on our website. Feel free to access it there. Okay,

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Speaker 2: so let me turn to twenty twenty six, which was

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Speaker 2: really some of the meat of what we're talking about today.

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Speaker 2: Remember that when we first laid out this construction plan,

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Speaker 2: we were going to be playing outside of Jacksonville for

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Speaker 2: the twenty six and the twenty seven seasons. We got

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Speaker 2: a lot of feedback, you know, part of our community huddles,

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Speaker 2: heard from heard from fans, heard from other stakeholders, heard

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Speaker 2: from elected officials that they really wanted to try to

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Speaker 2: limit it that to one season if we could, and

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Speaker 2: we agreed to do that, but we knew that there

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Speaker 2: would be some sacrifices we would have to make in

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Speaker 2: order to.

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Speaker 1: Make that possible.

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Speaker 2: So to stay on schedule, we have to change what

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Speaker 2: the experience inside the stadium will be like for our

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Speaker 2: fans this year, lower capacity, closing the upper deck and

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Speaker 2: then coming into certain parts of the lower deck where

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Speaker 2: some seats are are being removed, principally to remove those

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Speaker 2: seats in each of the corners, to open up the breezeways,

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Speaker 2: to increase the comfort inside the stadium. So the capacity

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Speaker 2: will be forty two five hundred and seven that includes

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Speaker 2: twelve hundred and sixty standing room only tickets, and this

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Speaker 2: is a decrease from sixty eighty three hundred. So of

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Speaker 2: the twenty seven, six hundred and thirty seven seats that

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Speaker 2: will be taken offline this year, over twenty two thousand

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Speaker 2: of them are located in the upper deck, so the

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Speaker 2: four hundred bolt. The four hundred level is closed, and

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Speaker 2: there are some seats that are impacted elsewhere on a

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Speaker 2: two hundred level in each of the four corners. There's

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Speaker 2: some rows in the North End Zone, some of those

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Speaker 2: being removed to create compliance with new NFL broadcasting rules

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Speaker 2: as it relates to camera locations. The lower level, South

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Speaker 2: End Zone and lower level Club some seats are being

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Speaker 2: removed and then we'll come back and.

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Speaker 1: Replace most of those seats.

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Speaker 2: And also the North End Zone SPA deck and the

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Speaker 2: sky patio sky patio in the South End, both of

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Speaker 2: those will be offline this year. And again all that's

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Speaker 2: laid out in the in the press release. Season ticket

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Speaker 2: renewal information will be shared with our season ticket members

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Speaker 2: in the coming days and any season ticket older whose

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Speaker 2: seats are impacted by this construction will be contacted individually

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Speaker 2: by their account service representative with the with the Jaguars,

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Speaker 2: and all of those season ticket holders that are in

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Speaker 2: the upper deck will be given the first chance to

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Speaker 2: relocate down.

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Speaker 1: To the lower level if they choose to.

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Speaker 2: So, they'll be given the first chance, and in addition

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Speaker 2: to that, we will we will be offering some pricing

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Speaker 2: incentives to those displaced season season ticket holders. We are

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Speaker 2: also accepting new season ticket deposits we have been for

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Speaker 2: for a while, but we are not assigning those seats

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Speaker 2: until we get through this process of relocating any existing season.

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Speaker 1: Ticket holders that are displaced.

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Speaker 2: So we'll deal with our displaced customers first and then

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Speaker 2: when we begin filling in, assuming we have inventory available

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Speaker 2: with new season ticket holders, and you know, you know,

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Speaker 2: we do have room for new seat and ticket holders,

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Speaker 2: but the interest has been has been very high. So

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Speaker 2: that's basically the major changes as it relates to to.

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Speaker 1: The stadium for the twenty twenty sixth season.

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Speaker 2: Okay, another component of this, and again a lot of

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Speaker 2: these things are tied together, that is allowing us, although

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Speaker 2: doing it in a somewhat disruptive way, to play all

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Speaker 2: our game to play our games at Everbankfield in Jacksonville

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Speaker 2: this year. So international games, that's that's the next topic.

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Speaker 2: And you may have seen announcement this morning from the

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Speaker 2: NFL regarding the London Games next year. So first it's

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Speaker 2: it's it's important to remind us all that that the

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Speaker 2: NFL requires that all thirty two teams play certain games

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Speaker 2: at at at international locations once every four seasons.

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Speaker 1: Okay.

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Speaker 2: Now, this game is separate from the annual game that

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Speaker 2: we play in London, and our turn to be selected

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Speaker 2: for those was originally scheduled for twenty twenty seven. So

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Speaker 2: next year, when we're playing outside of Jacksonville, one of

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Speaker 2: the games we won't be playing in that temporary location

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Speaker 2: will be an international game. The other game was scheduled

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Speaker 2: for twenty thirty. Okay, So as we looked at the

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Speaker 2: complexities of the construction schedule and all of this was

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Speaker 2: the two games was anticipated because that was part of

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Speaker 2: our negotiations with the city of Jacksonville. So we've always

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Speaker 2: known that the Jaguars had the ability to play two

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Speaker 2: games outside of Jacksonville during the twenty twenty sixth season.

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Speaker 2: One of the reasons that was important is because we

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Speaker 2: have to have all of our preliminary work done by

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Speaker 2: the end of the twenty twenty six season because once

298
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Speaker 2: the season ends, things go really gangbusters, and so we

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Speaker 2: can't be catching up on work that we got behind.

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Speaker 1: That's why you're seeing so many people working now.

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Speaker 2: But in the event that we got to where the

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Speaker 2: season was starting and we had some projects that had

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Speaker 2: to get completed, and it would have been difficult to

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Speaker 2: do that while the games are being played. It was

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Speaker 2: our hope and again it's it remains our hope that

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Speaker 2: the twenty twenty sixth schedule would be what we would

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Speaker 2: call a donut schedule, So you would have games and

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Speaker 2: then you would have a break in the middle, and

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Speaker 2: during that break construction could be ramped back up to

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Speaker 2: get inside the stadium. So we know that at a

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Speaker 2: minimum there will be a two week window. Now, the

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Speaker 2: NFL schedule is one of the most important things that

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Speaker 2: the league does. It drives so many things, so it's

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Speaker 2: a it's a it's a subject that the league and

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Speaker 2: all thirty two clubs take, uh, you know, the greatest.

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Speaker 1: Amount of interest in okay.

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Speaker 2: But what the league does the you know, the league

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Speaker 2: does offer the opportunity for teams to provide their suggestions

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Speaker 2: on what they'd like their schedule to look like.

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Speaker 1: Or sometimes you may have.

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Speaker 2: Some dates that otherwise your your stadium would be occupied,

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Speaker 2: which would make having an NFL game not impossible but difficult.

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Speaker 2: So every year we would put down the Florida Georgia Weekend,

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Speaker 2: as we would prefer not to be playing a home

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Speaker 2: game on Sunday when Florida Georgia play on on on Saturday.

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Speaker 1: So we give all of our our our request to

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Speaker 1: the league.

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Speaker 2: Again, there's no guarantee that that that that we will

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Speaker 2: get that, but don't be surprised to learn that we're

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Speaker 2: going to ask for a bye week after our second

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Speaker 2: London home game. If we're granted that, then that two

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Speaker 2: week window becomes three weeks. In addition to that, we're

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Speaker 2: going to ask that we play a road game either

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Speaker 2: before our first London game or after our bye week.

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Speaker 1: So and if that happens, then.

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Speaker 2: From a construction perspective, we have the optimal schedule which

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00:21:18,720 --> 00:21:21,560
Speaker 2: gives us almost a month long donut right in the

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Speaker 2: middle of the season. So again, this isn't guaranteed. The

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00:21:26,960 --> 00:21:29,439
Speaker 2: league always tries to cooperate, but but there are there

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Speaker 2: are overriding issues which which outweigh many times what one

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Speaker 2: individual club may want. But we know it admitted when

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Speaker 2: we're gonna have two weeks, we'll cross our fingers that

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Speaker 2: we could have as many as four. And again the

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Speaker 2: two games in London trying to create this donut schedule

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Speaker 2: that that's one of the trade offs to playing in

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Speaker 2: Jacksonville this year. So that was that, and again, like

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Speaker 2: I said, this is this is not something that that

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Speaker 2: should come as a surprise. The other piece that was

349
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Speaker 2: interesting in the second game, keep in mind I mentioned

350
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Speaker 2: we were scheduled to play an additional game in twenty thirty.

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Speaker 2: We work with the league. The league has agreed to

352
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Speaker 2: move that game to twenty twenty six. So what that

353
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Speaker 2: means is we're getting a game back that will be

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Speaker 2: in Jacksonville in the new stadium at full capacity, and

355
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Speaker 2: we're giving up a game at reduced capacity in the

356
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Speaker 2: stadium here.

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Speaker 1: And it also helps us regarding the construction.

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Speaker 2: So that's happening for sure, So we think you know,

359
00:22:37,520 --> 00:22:41,040
Speaker 2: obviously many fans won every single game to be played

360
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Speaker 2: here in Jacksonville.

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Speaker 1: We understand that.

362
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Speaker 2: But in this particular case, trading a game in a

363
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Speaker 2: stadium under construction with reduced capacity and getting a game

364
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Speaker 2: back in our brand new stadium, we think that makes sense.

365
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Speaker 1: We're all involved. So that's something.

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Speaker 2: That that that we're looking forward to. You know, obviously,

367
00:23:04,080 --> 00:23:08,359
Speaker 2: questions about the last topic. This this is not in

368
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Speaker 2: the press release, but I think we're getting very close

369
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Speaker 2: to a resolution on where we'll be playing in seven.

370
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Speaker 2: We have every expectation that it will be taken up

371
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Speaker 2: at the at the upcoming owners meeting, which is scheduled

372
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Speaker 2: for Phoenix at the end of March, and then we'll

373
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Speaker 2: be able to move on at that point and begin planning.

374
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Speaker 2: So with that, that's the That's the the end of

375
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Speaker 2: any prepared remarks, and if there's any questions, I'll be

376
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Speaker 2: happy to take them.

377
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Speaker 3: Is there any consideration, you know, looking beyond the twenty

378
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Speaker 3: seventh season, of trying to get out of that required

379
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Speaker 3: the ANNUALS London game.

380
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Speaker 2: We don't have to get out of anything. In fact,

381
00:24:00,200 --> 00:24:04,120
Speaker 2: our London commitment has been something that's been rolling, It's

382
00:24:04,160 --> 00:24:08,520
Speaker 2: been renewed year after year, and you know, there's there's

383
00:24:08,600 --> 00:24:12,440
Speaker 2: there's a lot changing on the international front with the league,

384
00:24:13,320 --> 00:24:15,480
Speaker 2: there's a lot that's going to be changing here locally,

385
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Speaker 2: and I think you can expect us to take, h

386
00:24:19,240 --> 00:24:21,280
Speaker 2: take a close look at, you know, what our London

387
00:24:21,320 --> 00:24:25,680
Speaker 2: strategy is moving forward. Not to suggest that you know,

388
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Speaker 2: we're going to stop playing a game in London, but

389
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Speaker 2: it is something that we will look very very very

390
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Speaker 2: closely at.

391
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Speaker 1: Two questions.

392
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Speaker 3: I want to make sure I had haven factually the

393
00:24:35,359 --> 00:24:37,199
Speaker 3: two games that will be in London this year. Are

394
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Speaker 3: they both home games or is it like a couple

395
00:24:39,320 --> 00:24:41,320
Speaker 3: of years ago were what was officially a home game

396
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Speaker 3: and what was.

397
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Speaker 4: A broad game?

398
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Speaker 2: Now these are these are games that if they weren't

399
00:24:44,400 --> 00:24:47,320
Speaker 2: be if they weren't going to be played in London,

400
00:24:47,560 --> 00:24:49,240
Speaker 2: would be home games here in Jacksonville.

401
00:24:49,920 --> 00:24:54,360
Speaker 3: The slated home games for them and designated home games

402
00:24:54,400 --> 00:24:56,879
Speaker 3: for twenty six. Two of those eight will be in

403
00:24:57,040 --> 00:24:58,880
Speaker 3: London in twenty six.

404
00:24:59,320 --> 00:25:02,400
Speaker 2: Actually you have a total of ten games, including preseason,

405
00:25:03,080 --> 00:25:05,439
Speaker 2: and two of those ten will be played in London.

406
00:25:06,160 --> 00:25:10,040
Speaker 3: And secondly, I remember a few years ago that the

407
00:25:10,080 --> 00:25:13,159
Speaker 3: twenty seventh season, the twenty eight season was probably one

408
00:25:13,160 --> 00:25:16,000
Speaker 3: of the most successful financially in terms of local revenue

409
00:25:16,040 --> 00:25:17,399
Speaker 3: created for the club.

410
00:25:17,560 --> 00:25:17,960
Speaker 1: Because of the.

411
00:25:17,960 --> 00:25:21,760
Speaker 5: Success of the twenty seven season on the field, considering.

412
00:25:21,280 --> 00:25:26,000
Speaker 2: How well the team did seventeen twenty eighteen, Yet so considering.

413
00:25:25,560 --> 00:25:28,760
Speaker 5: How well the team did on the field in twenty five,

414
00:25:29,640 --> 00:25:33,760
Speaker 5: how much will the reduced capacity impact of local revenue

415
00:25:33,800 --> 00:25:36,520
Speaker 5: creation this upcoming year.

416
00:25:37,520 --> 00:25:40,160
Speaker 1: Well, it is going to impact it. You know, you can't.

417
00:25:41,720 --> 00:25:45,320
Speaker 2: You can't lose a thirty year inventory and expect to

418
00:25:45,400 --> 00:25:47,320
Speaker 2: generate the same ticket revenue.

419
00:25:48,600 --> 00:25:50,080
Speaker 1: We're going to try it's for.

420
00:25:50,080 --> 00:25:55,000
Speaker 2: Sure, I would expect that we would have a big

421
00:25:55,119 --> 00:26:00,359
Speaker 2: change in this supply demand dynamic. I think it will

422
00:26:00,400 --> 00:26:04,680
Speaker 2: be a pretty electric experience for our fans. You know,

423
00:26:05,280 --> 00:26:07,600
Speaker 2: it will be a smaller capacity, but it should be

424
00:26:07,640 --> 00:26:12,159
Speaker 2: packed each and every game. And and hopefully given that

425
00:26:12,200 --> 00:26:15,119
Speaker 2: we give priority to Jaguar fans first, you know, we

426
00:26:15,200 --> 00:26:17,480
Speaker 2: have a strong schedule next year with teams that bring

427
00:26:17,520 --> 00:26:20,960
Speaker 2: a lot of fans with them. Hopefully, you know, our

428
00:26:21,040 --> 00:26:23,320
Speaker 2: fans will take up most of those tickets before visiting

429
00:26:23,320 --> 00:26:26,199
Speaker 2: fans have a chance to to UH to purchase them.

430
00:26:26,320 --> 00:26:28,879
Speaker 2: But the other part part of this is, you know,

431
00:26:28,880 --> 00:26:31,239
Speaker 2: we've known this all along. This was this was one

432
00:26:31,280 --> 00:26:33,520
Speaker 2: of the trade offs that we knew we had to

433
00:26:33,560 --> 00:26:39,760
Speaker 2: make one of one. One aspect of this that's been

434
00:26:39,880 --> 00:26:43,560
Speaker 2: incredibly uplifting to us is how supportive our partners and

435
00:26:43,600 --> 00:26:45,560
Speaker 2: sponsors have been to work.

436
00:26:45,359 --> 00:26:48,280
Speaker 1: With us, you know, through this UH situation.

437
00:26:49,000 --> 00:26:54,080
Speaker 2: You know, for example, maybe taking other benefits and keeping

438
00:26:54,080 --> 00:26:56,280
Speaker 2: their investment the same, but then adding other benefits to

439
00:26:56,320 --> 00:26:59,960
Speaker 2: offset for the for the lack of of a capacity.

440
00:27:00,080 --> 00:27:00,600
Speaker 1: The the.

441
00:27:03,040 --> 00:27:05,399
Speaker 2: One thing that to keep in mind with that, I

442
00:27:05,440 --> 00:27:07,080
Speaker 2: don't want to blabor it, but but but this is

443
00:27:07,119 --> 00:27:14,600
Speaker 2: an important point. We made a conscious decision collectively once

444
00:27:14,600 --> 00:27:18,119
Speaker 2: we figured out it was possible to pretty much do

445
00:27:18,200 --> 00:27:21,919
Speaker 2: something that that has very rarely ever been done on

446
00:27:21,960 --> 00:27:25,040
Speaker 2: this scale, and that's produced a new stadium from an

447
00:27:25,040 --> 00:27:28,600
Speaker 2: existing stadium. And so there are trade offs that come

448
00:27:28,640 --> 00:27:30,840
Speaker 2: with that. One is the trade off you just mentioned,

449
00:27:30,960 --> 00:27:34,560
Speaker 2: which is you're going to be doing construction while you're

450
00:27:34,560 --> 00:27:38,720
Speaker 2: playing games, and there there's there's logistics, there's cost impacts

451
00:27:38,760 --> 00:27:41,320
Speaker 2: of that, there's headaches that are that are part of that,

452
00:27:41,400 --> 00:27:44,560
Speaker 2: and there's there's there's economic impacts that are.

453
00:27:46,560 --> 00:27:47,280
Speaker 1: Related to that.

454
00:27:49,760 --> 00:27:52,200
Speaker 2: The other thing that we did when we chose this

455
00:27:52,200 --> 00:27:56,639
Speaker 2: this renovation approach, we were able to do it in

456
00:27:56,680 --> 00:28:00,879
Speaker 2: a much more sustainable way, and we were able to

457
00:28:00,880 --> 00:28:03,959
Speaker 2: do it much more efficiently. And we said at the

458
00:28:03,960 --> 00:28:10,760
Speaker 2: time that doing a renovation versus a new build, collectively

459
00:28:11,440 --> 00:28:12,320
Speaker 2: we saved about.

460
00:28:12,080 --> 00:28:13,200
Speaker 1: A billion dollars.

461
00:28:13,320 --> 00:28:16,720
Speaker 2: Okay, now I would suggest it's even more than that

462
00:28:16,840 --> 00:28:18,840
Speaker 2: based on what's happened. Just look at the pricing of

463
00:28:18,920 --> 00:28:21,560
Speaker 2: new build stadiums that are out there. So so all

464
00:28:21,760 --> 00:28:24,359
Speaker 2: all those things weigh. So yes, we're going to have

465
00:28:24,400 --> 00:28:26,480
Speaker 2: to be really conscious of what our local revenue is

466
00:28:26,800 --> 00:28:30,280
Speaker 2: for the twenty sixth season and the twenty seventh season.

467
00:28:30,600 --> 00:28:33,720
Speaker 2: But keeping in mind, collectively with our partner at the City,

468
00:28:34,400 --> 00:28:38,440
Speaker 2: both of us have come up with a pretty efficient

469
00:28:38,520 --> 00:28:42,840
Speaker 2: way to deliver a stadium that convinced an NFL team

470
00:28:42,880 --> 00:28:43,920
Speaker 2: to sign a thirty year lease.

471
00:28:44,560 --> 00:28:48,880
Speaker 4: So you guys still controlled the London game operations and

472
00:28:48,960 --> 00:28:49,840
Speaker 4: all of those said at.

473
00:28:49,720 --> 00:28:54,920
Speaker 2: Wembley, Yeah, the one thing that's different with these these

474
00:28:55,040 --> 00:28:58,120
Speaker 2: these resolution games that the league refers to when they

475
00:28:58,160 --> 00:29:01,360
Speaker 2: can take one game every four years, the league operates that.

476
00:29:02,240 --> 00:29:07,480
Speaker 2: So while you know we will be the designated home

477
00:29:07,520 --> 00:29:09,920
Speaker 2: team for both the game at Wembley and the game

478
00:29:09,960 --> 00:29:14,320
Speaker 2: at Tottenham Hotspur, the League will operate the Spurs game

479
00:29:14,360 --> 00:29:16,040
Speaker 2: as they do for all the other games that were there,

480
00:29:16,680 --> 00:29:19,040
Speaker 2: but we will operate one hundred percent the Wembley game

481
00:29:19,040 --> 00:29:21,960
Speaker 2: and then we the economics of those the structure of

482
00:29:21,960 --> 00:29:25,080
Speaker 2: the economics are different for our game at Wembley versus Spurs.

483
00:29:25,440 --> 00:29:26,600
Speaker 1: You have an agreement with.

484
00:29:26,520 --> 00:29:28,360
Speaker 4: The league, I know you had one.

485
00:29:28,600 --> 00:29:29,680
Speaker 6: I think through last year.

486
00:29:29,760 --> 00:29:32,280
Speaker 4: Maybe he's twenty four to do that annually.

487
00:29:32,320 --> 00:29:33,920
Speaker 6: Still where you guys just kind.

488
00:29:33,720 --> 00:29:36,120
Speaker 1: Of think, I think we just signed the extension that

489
00:29:36,200 --> 00:29:40,520
Speaker 1: allows us to play the game this year, So this year,

490
00:29:42,000 --> 00:29:46,000
Speaker 1: that shouldn't signal anything other than the league likes to

491
00:29:46,040 --> 00:29:46,960
Speaker 1: keep their options open.

492
00:29:47,200 --> 00:29:51,800
Speaker 4: So for the most part, I think before in one

493
00:29:51,800 --> 00:29:53,840
Speaker 4: of the older state of the Union addresses, which I

494
00:29:53,880 --> 00:29:56,400
Speaker 4: don't think you've had a while, I think London revenue

495
00:29:56,600 --> 00:29:59,400
Speaker 4: made up like eleven percent of the team's local.

496
00:29:59,160 --> 00:30:00,800
Speaker 1: Revenue is yah out at the beginning.

497
00:30:00,800 --> 00:30:03,400
Speaker 2: It's it's it's nowhere near that high anymore because we've

498
00:30:03,440 --> 00:30:09,840
Speaker 2: made significant progress here in Jacksonville, and uh, you know,

499
00:30:10,520 --> 00:30:14,040
Speaker 2: the economic motivation will change even more once we move

500
00:30:14,080 --> 00:30:15,960
Speaker 2: into the new stadium. So all those are all the

501
00:30:16,000 --> 00:30:17,840
Speaker 2: things we need to consider when we go back and

502
00:30:17,880 --> 00:30:19,040
Speaker 2: look at what our strategy is.

503
00:30:19,760 --> 00:30:20,880
Speaker 1: You have been able.

504
00:30:20,720 --> 00:30:24,880
Speaker 6: To protect you know, games games here as opposed to

505
00:30:25,040 --> 00:30:27,680
Speaker 6: or will you worry about that with the ving Olympic capacity,

506
00:30:27,840 --> 00:30:30,280
Speaker 6: or do you still have the ability to tell the league, hey,

507
00:30:30,400 --> 00:30:34,360
Speaker 6: we'd like to protect this opponent in Jacksonville or yeah.

508
00:30:34,920 --> 00:30:37,440
Speaker 2: I don't think we're going to say, okay, let's let's

509
00:30:37,480 --> 00:30:41,480
Speaker 2: not protect the most popular game because we're going to

510
00:30:41,520 --> 00:30:43,840
Speaker 2: sell it out anyway. I don't think that's fair to

511
00:30:43,880 --> 00:30:45,440
Speaker 2: our fans that are that are going to be there.

512
00:30:45,480 --> 00:30:48,800
Speaker 2: I mean, I mean keep in mind, you know, our

513
00:30:49,120 --> 00:30:52,760
Speaker 2: our hope is that most of our seats will be

514
00:30:52,760 --> 00:30:55,680
Speaker 2: occupied by our season ticket holders. Okay, and those are

515
00:30:55,680 --> 00:30:59,080
Speaker 2: our real core fans, and you know we're gonna rely

516
00:30:59,120 --> 00:31:00,840
Speaker 2: on them for a long time. You know, whether you

517
00:31:00,840 --> 00:31:03,360
Speaker 2: are a season ticket holder, or whether you buy by single

518
00:31:03,360 --> 00:31:05,240
Speaker 2: game tickets, or if you don't go to Jaguar games,

519
00:31:05,320 --> 00:31:05,960
Speaker 2: you can still.

520
00:31:05,760 --> 00:31:07,400
Speaker 1: Be a fan and we still appreciate your support.

521
00:31:08,480 --> 00:31:11,320
Speaker 2: But but I think that we will be guided by

522
00:31:12,160 --> 00:31:16,880
Speaker 2: you know, protecting, and we can protect two games that

523
00:31:16,880 --> 00:31:20,440
Speaker 2: that that that we will assess which of those games

524
00:31:20,480 --> 00:31:23,880
Speaker 2: would be best received by our fans to be played here.

525
00:31:23,920 --> 00:31:28,440
Speaker 2: And you know, there's there's also good discussion and probably

526
00:31:28,480 --> 00:31:31,680
Speaker 2: a better level of communication that we've had since I've

527
00:31:31,720 --> 00:31:34,280
Speaker 2: been here in terms of what football thinks from a

528
00:31:34,280 --> 00:31:38,280
Speaker 2: competitive standpoint. They may they may not, they may like

529
00:31:38,280 --> 00:31:40,720
Speaker 2: a matchup at home against it certain.

530
00:31:40,560 --> 00:31:44,400
Speaker 6: How important is that that that relationship with the football

531
00:31:44,400 --> 00:31:46,160
Speaker 6: side of things.

532
00:31:45,640 --> 00:31:46,920
Speaker 1: But it's it's incredible.

533
00:31:46,960 --> 00:31:49,720
Speaker 2: I mean, it's you know, again, I'm not I'm not

534
00:31:49,760 --> 00:31:53,880
Speaker 2: being critical to you know, anyone who proceeded James or Liam,

535
00:31:54,000 --> 00:31:57,560
Speaker 2: or or or Tony, but this is at a whole

536
00:31:57,600 --> 00:32:02,800
Speaker 2: other level and there's a and there's great level of

537
00:32:02,880 --> 00:32:06,920
Speaker 2: respect for what each side of the organization does, and

538
00:32:06,960 --> 00:32:10,240
Speaker 2: there's tremendous sensitivity. You know, from a business standpoint, we

539
00:32:10,280 --> 00:32:15,400
Speaker 2: know the best thing for our to meet our objectives

540
00:32:15,560 --> 00:32:18,200
Speaker 2: is to win football games. So anything we can do

541
00:32:18,240 --> 00:32:20,840
Speaker 2: to support the football team, and the football team knows

542
00:32:21,480 --> 00:32:23,440
Speaker 2: they have a much better chance of winning on Sunday

543
00:32:23,480 --> 00:32:26,200
Speaker 2: if the place is packed. And you know, just as

544
00:32:26,240 --> 00:32:35,560
Speaker 2: an aside, we've we've had some great environments over the

545
00:32:35,560 --> 00:32:39,800
Speaker 2: thirteen seasons i've been here. I don't think anything showed

546
00:32:40,360 --> 00:32:43,520
Speaker 2: what this market is capable more than our playoff game

547
00:32:43,520 --> 00:32:49,200
Speaker 2: against Buffalo this year, because you saw the stands. Unlike

548
00:32:49,920 --> 00:32:51,880
Speaker 2: a lot of times when the Bills roll in here,

549
00:32:52,440 --> 00:32:55,120
Speaker 2: it was still dominated by Jaguar fans, and they were loud,

550
00:32:55,200 --> 00:32:58,440
Speaker 2: and and it was it was great and and and

551
00:32:58,520 --> 00:33:01,200
Speaker 2: I think that was that was appreciated by the football side,

552
00:33:01,360 --> 00:33:02,720
Speaker 2: and it was really appreciated by all of us on

553
00:33:02,760 --> 00:33:06,280
Speaker 2: the business side that yes, we're correct. If we put

554
00:33:06,320 --> 00:33:08,160
Speaker 2: the right product on the field and we give our

555
00:33:08,240 --> 00:33:11,360
Speaker 2: fans the right product for them to enjoy in the stadium,

556
00:33:11,880 --> 00:33:14,920
Speaker 2: we're going to get an unparalleled experience.

557
00:33:15,560 --> 00:33:16,920
Speaker 5: I'm want to make sure I heard you correct now,

558
00:33:16,920 --> 00:33:18,800
Speaker 5: But in terms of the twenty twenty seven game or

559
00:33:18,840 --> 00:33:21,400
Speaker 5: twenty twenty seven home game location, he said, we may

560
00:33:21,480 --> 00:33:22,760
Speaker 5: learn about that in March.

561
00:33:23,880 --> 00:33:24,080
Speaker 1: Yeah.

562
00:33:24,120 --> 00:33:28,520
Speaker 2: The process for that is it needs to be first

563
00:33:28,520 --> 00:33:35,960
Speaker 2: approved by probably two ownership committees. Ownership committees convene next

564
00:33:36,000 --> 00:33:40,200
Speaker 2: week in Palm Beach Monday and Tuesday, So this matter

565
00:33:40,240 --> 00:33:42,440
Speaker 2: we'll probably go in front of two committees next week,

566
00:33:43,040 --> 00:33:44,720
Speaker 2: and then if it comes out of those committees with

567
00:33:44,720 --> 00:33:47,200
Speaker 2: an affirmative vote, it goes to a vote of all

568
00:33:47,200 --> 00:33:50,200
Speaker 2: thirty two owners And that process was no different than

569
00:33:50,240 --> 00:33:51,640
Speaker 2: what we had to go through to get our our

570
00:33:51,640 --> 00:33:53,240
Speaker 2: thirty year least extension approved.

571
00:33:53,440 --> 00:33:55,560
Speaker 1: But it looks like we're on that on that timetable.

572
00:33:56,280 --> 00:33:58,560
Speaker 3: I'm just what make sell I'm hearing correct, But that

573
00:33:58,680 --> 00:34:00,720
Speaker 3: may we may not know it's will March.

574
00:34:00,520 --> 00:34:01,880
Speaker 1: Though, correct? Right?

575
00:34:01,880 --> 00:34:08,040
Speaker 2: We meant it can't be officially one guaranteed until the

576
00:34:08,080 --> 00:34:11,440
Speaker 2: full ownership body of the National Football League votes on it,

577
00:34:11,920 --> 00:34:14,080
Speaker 2: and that vote can't happen any earlier than the end

578
00:34:14,120 --> 00:34:14,479
Speaker 2: of March.

579
00:34:15,000 --> 00:34:17,239
Speaker 6: Another question answer that what factors?

580
00:34:18,000 --> 00:34:20,120
Speaker 3: If you can explain what factors are in play in

581
00:34:20,239 --> 00:34:23,160
Speaker 3: terms of making that decision, you know as we're going

582
00:34:23,200 --> 00:34:24,640
Speaker 3: to play it at this stadium, what we're going to

583
00:34:24,640 --> 00:34:25,480
Speaker 3: play it at this stadium?

584
00:34:25,520 --> 00:34:29,360
Speaker 1: What goes into that decision, Well, a whole variety of things.

585
00:34:29,560 --> 00:34:31,680
Speaker 2: You know, what do our customers want, That's why we

586
00:34:31,680 --> 00:34:33,640
Speaker 2: did a lot of surveys of our season ticket holders,

587
00:34:34,080 --> 00:34:37,560
Speaker 2: what do our sponsors want, what our employees want, you know,

588
00:34:38,840 --> 00:34:40,200
Speaker 2: and you know, we also want.

589
00:34:40,080 --> 00:34:41,759
Speaker 1: To make sure that that.

590
00:34:41,719 --> 00:34:43,640
Speaker 2: Wherever the games are we played, it is it is

591
00:34:43,680 --> 00:34:47,719
Speaker 2: played at an in an NFL caliber stadium. We think

592
00:34:47,760 --> 00:34:49,680
Speaker 2: it's really important that the games are played in front

593
00:34:49,719 --> 00:34:56,400
Speaker 2: of a full house, and it needs to be convenient

594
00:34:57,400 --> 00:35:00,080
Speaker 2: for Jaguar fans to get there. But it all so

595
00:35:00,120 --> 00:35:03,040
Speaker 2: it has to be in a market where there's enough

596
00:35:03,040 --> 00:35:06,000
Speaker 2: football fans to be able to buy what will be

597
00:35:06,080 --> 00:35:10,319
Speaker 2: tickets that Jaguar fans will not purchase. So, you know,

598
00:35:10,400 --> 00:35:13,040
Speaker 2: those are those are principally the things we looked at,

599
00:35:13,080 --> 00:35:16,560
Speaker 2: and there's no secret it's it's we spent a lot

600
00:35:16,560 --> 00:35:19,480
Speaker 2: of time looking at Florida Field in Gainsville. We've talked

601
00:35:19,480 --> 00:35:21,880
Speaker 2: about some of the challenges there. We spent a lot

602
00:35:21,880 --> 00:35:26,440
Speaker 2: of time at Camping World Stadium in in Orlando. Uh,

603
00:35:26,480 --> 00:35:29,600
Speaker 2: the NFL has certain certain requirements.

604
00:35:30,280 --> 00:35:32,040
Speaker 1: Uh. The logistics have to.

605
00:35:31,960 --> 00:35:34,160
Speaker 2: Work out not only for the home team but also

606
00:35:34,200 --> 00:35:38,719
Speaker 2: the visiting team locker rooms, UH, space on the sideline

607
00:35:38,760 --> 00:35:40,560
Speaker 2: so that you can continue to support a high quality

608
00:35:40,560 --> 00:35:43,200
Speaker 2: television production. So those are probably most of the things

609
00:35:43,200 --> 00:35:43,840
Speaker 2: that we considered.

610
00:35:44,080 --> 00:35:46,040
Speaker 3: One last question I had, if you can clarify that

611
00:35:46,160 --> 00:35:47,960
Speaker 3: you mentioned the still beams that are here that are

612
00:35:47,960 --> 00:35:50,799
Speaker 3: going on. You said that is to support I guess

613
00:35:50,800 --> 00:35:51,400
Speaker 3: the root.

614
00:35:51,320 --> 00:35:54,320
Speaker 2: For the Eventually what will happen is those those steel

615
00:35:54,360 --> 00:35:57,440
Speaker 2: beams will encircle the stadium. Meget correct me if I

616
00:35:57,440 --> 00:36:01,160
Speaker 2: get anything wrong here, they will in circle circle the stadium,

617
00:36:01,200 --> 00:36:05,439
Speaker 2: and then all of the load that is created by

618
00:36:05,440 --> 00:36:11,520
Speaker 2: the new roof will be supported by those steel beams.

619
00:36:11,719 --> 00:36:12,200
Speaker 1: November.

620
00:36:12,320 --> 00:36:15,440
Speaker 2: Yeah, the steel beams on the outside would be by November.

621
00:36:15,480 --> 00:36:17,880
Speaker 2: And then then the next thing, that's the most important piece,

622
00:36:18,239 --> 00:36:21,080
Speaker 2: which is really critical. And you know, I don't want

623
00:36:21,080 --> 00:36:22,440
Speaker 2: to get in too much detail here because if you

624
00:36:22,480 --> 00:36:24,680
Speaker 2: asked me questions, I'll probably have to make something up.

625
00:36:26,280 --> 00:36:26,640
Speaker 1: Uh.

626
00:36:27,000 --> 00:36:29,840
Speaker 2: There's what they call a compression ring which sits on

627
00:36:29,920 --> 00:36:33,480
Speaker 2: top of those and it's that compression ring which actually

628
00:36:33,560 --> 00:36:36,400
Speaker 2: ends up supporting the roof. There's a there's a steel

629
00:36:36,520 --> 00:36:42,960
Speaker 2: cable net structure that basically lays on the field, lays

630
00:36:43,000 --> 00:36:46,120
Speaker 2: over the seating bowl. And then once you get the

631
00:36:46,160 --> 00:36:49,360
Speaker 2: compression ring in place, and the compression ring is expected

632
00:36:49,400 --> 00:36:53,600
Speaker 2: to be in by next next February, and we can't

633
00:36:53,600 --> 00:36:55,759
Speaker 2: miss that that is really a critical path date. Once

634
00:36:55,760 --> 00:36:58,360
Speaker 2: you get the compression ring, then slowly you can raise

635
00:37:00,320 --> 00:37:03,680
Speaker 2: that cable nut cable nut structure up to the roof

636
00:37:04,040 --> 00:37:07,200
Speaker 2: and then to that structure is what you attach the

637
00:37:07,280 --> 00:37:07,880
Speaker 2: roof structure.

638
00:37:08,760 --> 00:37:10,960
Speaker 1: The build on basic to be on budget or.

639
00:37:11,000 --> 00:37:15,040
Speaker 2: Off far over, that's a that's a that's a hard

640
00:37:15,080 --> 00:37:20,040
Speaker 2: question to answer you right now. What I what I

641
00:37:20,080 --> 00:37:23,200
Speaker 2: would say is this is this is different than other

642
00:37:23,400 --> 00:37:24,200
Speaker 2: other projects.

643
00:37:24,239 --> 00:37:26,120
Speaker 1: Okay, if we're.

644
00:37:25,920 --> 00:37:28,840
Speaker 2: Just building on a green field side, it would be

645
00:37:28,840 --> 00:37:34,560
Speaker 2: a lot easier. Like for example, with with new stadiums,

646
00:37:34,560 --> 00:37:37,480
Speaker 2: a lot of a lot of times they'll discover things

647
00:37:37,840 --> 00:37:42,279
Speaker 2: that were like unforeseen conditions. We didn't know that there

648
00:37:42,320 --> 00:37:45,040
Speaker 2: was environmental problems under the ground, okay, and then early

649
00:37:45,080 --> 00:37:48,719
Speaker 2: on in the process and most of the unforeseen conditions

650
00:37:49,280 --> 00:37:50,439
Speaker 2: in new stadiums are.

651
00:37:50,360 --> 00:37:51,480
Speaker 1: All subsurface stuff.

652
00:37:51,760 --> 00:37:56,560
Speaker 2: Okay, So if we're building new we would be through that,

653
00:37:56,640 --> 00:38:00,640
Speaker 2: which gives you more certainty. Unfortunately that it's not this

654
00:38:00,719 --> 00:38:06,080
Speaker 2: process because of because it's a renovation and there's existing

655
00:38:06,120 --> 00:38:10,040
Speaker 2: systems in the building that will be reused, some will

656
00:38:10,080 --> 00:38:14,160
Speaker 2: be removed. As I've said before, there are surprises around

657
00:38:14,200 --> 00:38:20,000
Speaker 2: every corner, and so discovering these unforeseen conditions last a

658
00:38:20,000 --> 00:38:25,200
Speaker 2: lot longer for us. So you know, our cost projections

659
00:38:25,600 --> 00:38:28,360
Speaker 2: literally change in real time. If I gave you a

660
00:38:28,440 --> 00:38:31,040
Speaker 2: number today, it'd be outdated a half hour from now.

661
00:38:31,680 --> 00:38:33,680
Speaker 2: I did say this a few weeks ago, and I'll

662
00:38:33,680 --> 00:38:35,920
Speaker 2: repeat it. We will be over one point four billion.

663
00:38:36,239 --> 00:38:40,000
Speaker 2: What that number will be, you know, we won't really

664
00:38:40,440 --> 00:38:44,000
Speaker 2: know with great certainty until we get through a lot

665
00:38:44,040 --> 00:38:46,840
Speaker 2: of the renovation stuff that's going on inside the stadium.

666
00:38:47,040 --> 00:38:47,880
Speaker 1: You mentioned briefly.

667
00:38:48,000 --> 00:38:50,000
Speaker 2: Then international game in the twenty seven season.

668
00:38:50,040 --> 00:38:52,359
Speaker 4: Do you have an idea on how many kind of.

669
00:38:52,320 --> 00:38:53,400
Speaker 6: Things you can do up before?

670
00:38:53,520 --> 00:38:53,759
Speaker 4: Is there?

671
00:38:53,800 --> 00:38:57,080
Speaker 2: Well, in twenty twenty seven, our agreement with the city

672
00:38:57,080 --> 00:39:01,920
Speaker 2: of Jacksonville would allow to play up to three. We

673
00:39:01,960 --> 00:39:04,759
Speaker 2: know we're playing one for sure, because that's that's a

674
00:39:04,800 --> 00:39:09,319
Speaker 2: resolution game that the league is gonna gonna take from us. Okay, uh,

675
00:39:09,520 --> 00:39:13,200
Speaker 2: and then beyond that we haven't determined yet. I mean

676
00:39:13,239 --> 00:39:15,680
Speaker 2: I I would think we would continue our annual game

677
00:39:15,680 --> 00:39:18,360
Speaker 2: in London, you know, but there's there's there's.

678
00:39:18,200 --> 00:39:19,839
Speaker 1: A lot of pieces that need to fall in place

679
00:39:19,880 --> 00:39:20,080
Speaker 1: for that.

680
00:39:20,160 --> 00:39:23,719
Speaker 2: Beyond that, you know, one of the reasons we had

681
00:39:25,160 --> 00:39:27,799
Speaker 2: the ability to go to three games was done if

682
00:39:27,800 --> 00:39:29,520
Speaker 2: there were scheduling issues or something like that.

683
00:39:30,320 --> 00:39:33,160
Speaker 6: Mark, how much pride do you and Shod take in

684
00:39:34,000 --> 00:39:37,240
Speaker 6: this project? Being here we're seeing the Chiefs possibly moving

685
00:39:37,360 --> 00:39:40,560
Speaker 6: Arrowhead out of the state, We're seeing the Bears possibly

686
00:39:40,640 --> 00:39:44,279
Speaker 6: moving a new stadium. How much pride do you guys

687
00:39:44,280 --> 00:39:47,000
Speaker 6: take collectively that you were able to do this here?

688
00:39:47,480 --> 00:39:50,319
Speaker 2: Well, that's that's that's all credit to Shod. You know,

689
00:39:53,320 --> 00:40:01,080
Speaker 2: Shod spent a lot of time doing due diligence on

690
00:40:01,120 --> 00:40:03,719
Speaker 2: the purchase of the Saint Louis Rams, so he knows

691
00:40:03,719 --> 00:40:04,200
Speaker 2: that market.

692
00:40:04,200 --> 00:40:06,800
Speaker 1: Well. I was born and raised in Saint Louis.

693
00:40:09,160 --> 00:40:11,440
Speaker 2: I know what it's like to a sports young sports

694
00:40:11,480 --> 00:40:15,080
Speaker 2: fan in a community to lose your team, because we

695
00:40:15,120 --> 00:40:16,200
Speaker 2: did it multiple.

696
00:40:15,800 --> 00:40:17,480
Speaker 1: Times in Saint Louis, Okay.

697
00:40:18,680 --> 00:40:24,239
Speaker 2: And you know, owners that that move their teams from

698
00:40:24,239 --> 00:40:28,200
Speaker 2: one city to another, their legacy in that city is

699
00:40:28,280 --> 00:40:31,280
Speaker 2: never the same. Now they may have a greater legacy

700
00:40:31,360 --> 00:40:34,719
Speaker 2: where they moved. But you know, it affects It affects them,

701
00:40:34,760 --> 00:40:37,640
Speaker 2: and I think Shad and his family are extremely proud

702
00:40:37,680 --> 00:40:41,000
Speaker 2: that they could make it work here without having to

703
00:40:41,080 --> 00:40:45,480
Speaker 2: sacrifice those things that were important to everybody in this community.

704
00:40:45,480 --> 00:40:50,760
Speaker 2: That we have a stable, financially strong, consistently competitive football

705
00:40:50,800 --> 00:40:54,560
Speaker 2: team that provides our fans in the community the type

706
00:40:54,560 --> 00:40:58,640
Speaker 2: of experience that they deserve. So once, once we were

707
00:40:58,640 --> 00:41:00,640
Speaker 2: able to work very closely with the city to come

708
00:41:00,719 --> 00:41:03,879
Speaker 2: up with that, you know, that approach, I said, yeah,

709
00:41:04,080 --> 00:41:07,279
Speaker 2: it's you know, I certainly don't want to near the

710
00:41:07,360 --> 00:41:10,239
Speaker 2: end of my career be moving a team or be

711
00:41:10,280 --> 00:41:11,080
Speaker 2: part of moving a team.

712
00:41:11,080 --> 00:41:12,040
Speaker 1: Wouldn't be my decision.

713
00:41:12,120 --> 00:41:13,960
Speaker 2: But yeah, I think Shot, I think Shot and his

714
00:41:14,040 --> 00:41:16,759
Speaker 2: family and you can see, you know, I mean you

715
00:41:16,840 --> 00:41:19,440
Speaker 2: can you can visibly see the commitment that that family

716
00:41:19,800 --> 00:41:22,080
Speaker 2: is making the Jacksonville. Let me just look, you know,

717
00:41:23,320 --> 00:41:26,000
Speaker 2: if you look at that building, I can see where

718
00:41:26,040 --> 00:41:28,320
Speaker 2: SHOT's new condo is, and I can see where Tony.

719
00:41:28,120 --> 00:41:32,600
Speaker 1: And Sean Sean are moving. Okay, it's a big commitment.

720
00:41:33,000 --> 00:41:37,520
Speaker 2: Talking about supply and demands as it impacts ticket prices next.

721
00:41:37,400 --> 00:41:39,600
Speaker 3: Year, I mean, if you have a lot of interest

722
00:41:39,640 --> 00:41:42,360
Speaker 3: in probably purchasing tickets for your tickets to go around.

723
00:41:42,520 --> 00:41:44,600
Speaker 3: The season ticket holders get a priority.

724
00:41:45,520 --> 00:41:48,120
Speaker 2: Yeah, season ticket holders always get a priority. Season ticket

725
00:41:48,120 --> 00:41:52,879
Speaker 2: holders always get priority pricing as well. I can tell

726
00:41:52,880 --> 00:41:54,839
Speaker 2: you if there are tickets that aren't sold by our

727
00:41:54,880 --> 00:41:55,920
Speaker 2: season ticket holders.

728
00:41:56,280 --> 00:41:56,879
Speaker 1: To try to.

729
00:41:57,520 --> 00:42:01,960
Speaker 2: Deal with the UH, to deal with the revenue impact

730
00:42:01,960 --> 00:42:05,480
Speaker 2: we're facing, you know, we will probably be pretty aggressive

731
00:42:05,480 --> 00:42:09,560
Speaker 2: on the secondary market in managing, you know, to have

732
00:42:09,640 --> 00:42:14,120
Speaker 2: the price of the ticket reflect the value based on

733
00:42:14,200 --> 00:42:18,840
Speaker 2: the demand. So if we have unbelievable demand for tickets,

734
00:42:20,200 --> 00:42:22,160
Speaker 2: I don't think that it should be a surprise to

735
00:42:22,160 --> 00:42:23,960
Speaker 2: think that that's going to be reflected on pricing on

736
00:42:24,000 --> 00:42:26,279
Speaker 2: the secondary market. But but again I would go back

737
00:42:26,280 --> 00:42:29,359
Speaker 2: to I mentioned earlier the Bill's playoff game, that same

738
00:42:29,440 --> 00:42:35,240
Speaker 2: dynamic occurred. Season ticket holders were able to purchase their tickets.

739
00:42:35,280 --> 00:42:37,160
Speaker 2: I think the average increase was seven percent for the

740
00:42:37,200 --> 00:42:39,440
Speaker 2: playoff tickets for season ticket holders. So if you talk

741
00:42:39,520 --> 00:42:42,239
Speaker 2: to season ticket holders and they heard people claying, oh,

742
00:42:42,239 --> 00:42:44,560
Speaker 2: I'm going online, I can't believe these tickets are so expensive.

743
00:42:44,680 --> 00:42:47,439
Speaker 2: The season ticket holders were saying, you know what, my mind,

744
00:42:47,480 --> 00:42:51,160
Speaker 2: were pretty reasonable about what was left. There was such

745
00:42:51,239 --> 00:42:54,759
Speaker 2: market demand for it that pricing moves it, and it's

746
00:42:54,760 --> 00:42:57,439
Speaker 2: not always the Jaguars doing that because there's so many

747
00:42:57,440 --> 00:42:59,799
Speaker 2: tickets that are available on the secondary market that don't

748
00:42:59,840 --> 00:43:06,000
Speaker 2: come through our approved ticket market season ticket holders, ticket

749
00:43:06,000 --> 00:43:08,840
Speaker 2: brokers sometimes if we can't identify and buy tickets, and

750
00:43:08,840 --> 00:43:11,759
Speaker 2: then they sell them on the secondary market and their

751
00:43:11,800 --> 00:43:14,239
Speaker 2: focus is simply to try to maximize the revenue they

752
00:43:14,239 --> 00:43:17,880
Speaker 2: can get from the resale of that ticket. Yeah, you

753
00:43:17,960 --> 00:43:20,680
Speaker 2: mentioned ideally that you wanted like that four week have

754
00:43:20,880 --> 00:43:22,760
Speaker 2: like two road games here, bye week in the London

755
00:43:22,800 --> 00:43:25,719
Speaker 2: games for construction in twenty twenty seven or for the

756
00:43:25,719 --> 00:43:26,799
Speaker 2: twenty sixty season.

757
00:43:27,360 --> 00:43:30,600
Speaker 6: How much foot boost if you get that from the NFL?

758
00:43:30,640 --> 00:43:32,840
Speaker 2: How much boost could you see in construction when it

759
00:43:32,840 --> 00:43:35,120
Speaker 2: comes to the project And could we possibly see a

760
00:43:35,360 --> 00:43:37,080
Speaker 2: half and half and twenty twenty seven where half of

761
00:43:37,120 --> 00:43:38,560
Speaker 2: it could be in jactable and half could be an

762
00:43:38,600 --> 00:43:42,600
Speaker 2: other location. No, it's it's that window is more of

763
00:43:42,719 --> 00:43:45,120
Speaker 2: creating a backup in the event we don't get all

764
00:43:45,120 --> 00:43:47,080
Speaker 2: the work we need to get done by the start

765
00:43:47,120 --> 00:43:50,520
Speaker 2: of the season. Is there certain work that has to

766
00:43:50,520 --> 00:43:53,839
Speaker 2: be done as soon as the season ends, Hopefully we'll

767
00:43:53,840 --> 00:43:56,320
Speaker 2: get all of it done by the start of the season.

768
00:43:56,800 --> 00:43:59,239
Speaker 2: But if we don't get it done, this will give

769
00:43:59,280 --> 00:44:01,200
Speaker 2: us a window to gain in there. It also allows

770
00:44:01,200 --> 00:44:03,399
Speaker 2: to get ahead on some stuff, but not so much

771
00:44:03,400 --> 00:44:07,279
Speaker 2: that it would change in any drastic way the availability

772
00:44:07,320 --> 00:44:10,120
Speaker 2: of the stadium going far, because you know I mentioned

773
00:44:10,120 --> 00:44:14,719
Speaker 2: that compression ring and that process of raising that cable net.

774
00:44:14,960 --> 00:44:16,040
Speaker 1: That process takes.

775
00:44:15,840 --> 00:44:18,640
Speaker 2: About ten months, I think, mega, So you couldn't the

776
00:44:18,640 --> 00:44:21,480
Speaker 2: stadium could be totally done and you couldn't play games

777
00:44:21,520 --> 00:44:24,160
Speaker 2: there because it takes ten months to raise this cable

778
00:44:24,160 --> 00:44:25,839
Speaker 2: net structure up to the roof.

779
00:44:27,400 --> 00:44:28,960
Speaker 1: Yeah, I'm sorry.

780
00:44:29,760 --> 00:44:32,560
Speaker 6: What percentage of tickets next season at this point do

781
00:44:32,600 --> 00:44:34,960
Speaker 6: you expect to be held by season ticket holders?

782
00:44:35,120 --> 00:44:37,200
Speaker 2: I'll let you know when we finished the renewal process.

783
00:44:37,680 --> 00:44:40,280
Speaker 2: Means the renewal loses.

784
00:44:39,880 --> 00:44:41,560
Speaker 1: Are going out to our season ticket dollars the next

785
00:44:41,640 --> 00:44:46,320
Speaker 1: forty eight hours. Chris, Yes.

786
00:44:46,880 --> 00:44:50,200
Speaker 2: And then where do you stand on identifying a sponsor

787
00:44:50,280 --> 00:44:52,920
Speaker 2: for the next new stadium.

788
00:44:53,000 --> 00:44:54,839
Speaker 1: A lot of discussions going on.

789
00:44:55,120 --> 00:44:57,800
Speaker 2: It has to be the right fit for the sponsor,

790
00:44:58,080 --> 00:45:00,520
Speaker 2: it has to be the right fit for us, has

791
00:45:00,520 --> 00:45:01,880
Speaker 2: to be the right fit for Jacksonville.

792
00:45:02,000 --> 00:45:05,560
Speaker 1: So we're that's a priority for us.

793
00:45:05,560 --> 00:45:07,279
Speaker 2: But I mean keep in mind, that's not the only

794
00:45:07,320 --> 00:45:09,560
Speaker 2: thing we're working on, because we have all the other

795
00:45:09,560 --> 00:45:12,920
Speaker 2: commercial aspects of the new stadium. We're working with sponsors

796
00:45:12,920 --> 00:45:15,560
Speaker 2: to try to keep them on board in twenty twenty six,

797
00:45:16,239 --> 00:45:17,840
Speaker 2: and then we're gonna be thinking about, Okay, how do

798
00:45:17,880 --> 00:45:20,640
Speaker 2: we fit sponsors into our twenty twenty seven plan, you know,

799
00:45:20,680 --> 00:45:22,080
Speaker 2: once that location is determined.

800
00:45:22,080 --> 00:45:22,680
Speaker 1: So we had a lot.

801
00:45:22,640 --> 00:45:27,520
Speaker 2: Going on, and not surprising, as part of that, we've

802
00:45:27,560 --> 00:45:31,560
Speaker 2: really added turnanus amount of staff on the sponsorship and

803
00:45:31,920 --> 00:45:35,160
Speaker 2: the ticket sales front. Chris Gargani is the backhead of

804
00:45:35,200 --> 00:45:38,200
Speaker 2: ticket sales, and in fact, if you.

805
00:45:38,200 --> 00:45:41,040
Speaker 1: Drive by the uh the.

806
00:45:41,000 --> 00:45:43,360
Speaker 2: Fairground site, you can see a building that looks like

807
00:45:43,400 --> 00:45:47,160
Speaker 2: it's under construction that was an existing building that's being remodeled,

808
00:45:47,480 --> 00:45:50,520
Speaker 2: and that we'll open as our sales center for season

809
00:45:50,560 --> 00:45:53,120
Speaker 2: ticket holders, primarily to come in and take a look

810
00:45:53,160 --> 00:45:55,600
Speaker 2: at seats and choose their seats for twenty twenty eight.

811
00:45:55,880 --> 00:45:59,440
Speaker 2: And we expect that to open sometime late this summer

812
00:46:00,080 --> 00:46:01,359
Speaker 2: of churss.

813
00:46:01,880 --> 00:46:04,440
Speaker 1: Yeah, hopefully July fourth, when.

814
00:46:04,320 --> 00:46:07,400
Speaker 3: We see the shiny new roof start to take shape.

815
00:46:08,920 --> 00:46:13,960
Speaker 2: I think the first of that will go in second

816
00:46:14,040 --> 00:46:19,560
Speaker 2: quarter twenty twenty seven. Yeah, so at first half of

817
00:46:19,600 --> 00:46:24,120
Speaker 2: twenty twenty seven. Now what will happen is you'll you'll

818
00:46:24,120 --> 00:46:26,000
Speaker 2: see the shiny part of it going on us on

819
00:46:26,080 --> 00:46:30,160
Speaker 2: the sides first, and then what's on the top will

820
00:46:30,160 --> 00:46:31,799
Speaker 2: go in last. Ye don't really see that unless you're

821
00:46:31,800 --> 00:46:33,600
Speaker 2: in a blimp shot or inside.

822
00:46:34,640 --> 00:46:36,719
Speaker 1: So yes, have you started.

823
00:46:36,400 --> 00:46:39,560
Speaker 3: Looking at changes for parking or entering into the game

824
00:46:39,640 --> 00:46:41,000
Speaker 3: or even getting out of the game that's.

825
00:46:40,840 --> 00:46:44,520
Speaker 1: Far standard concerned for this year? Are in twenty twenty

826
00:46:44,560 --> 00:46:45,480
Speaker 1: eight for this year?

827
00:46:45,719 --> 00:46:49,279
Speaker 2: Yes, I mean it's on one hand, we're not gonna

828
00:46:49,280 --> 00:46:51,160
Speaker 2: have as many cars parking because we're not gonna have

829
00:46:51,160 --> 00:46:53,799
Speaker 2: as many people at each of the game, So that's

830
00:46:53,840 --> 00:46:57,960
Speaker 2: like a blessing way in disguise, But we're gonna continue

831
00:46:57,960 --> 00:46:59,120
Speaker 2: to try to maximize that.

832
00:46:59,160 --> 00:47:01,040
Speaker 1: As you can see if you look out here. I

833
00:47:01,080 --> 00:47:02,000
Speaker 1: mentioned earlier, we're.

834
00:47:01,880 --> 00:47:05,080
Speaker 2: Going to have to make place for our players to

835
00:47:05,120 --> 00:47:07,480
Speaker 2: park out here because we're going to have to get

836
00:47:07,520 --> 00:47:09,880
Speaker 2: access to the player of parking. Right now, you can

837
00:47:09,920 --> 00:47:11,920
Speaker 2: see there's a lot of construction work that's out there.

838
00:47:11,960 --> 00:47:15,759
Speaker 2: So I don't think the parking experience, I don't know

839
00:47:15,800 --> 00:47:17,160
Speaker 2: if it's a good thing or bad thing. Chris, you

840
00:47:17,160 --> 00:47:19,640
Speaker 2: can jump in here if I'm wrong, I don't think

841
00:47:19,640 --> 00:47:22,120
Speaker 2: it'll be much different than it was last year. There

842
00:47:22,160 --> 00:47:25,439
Speaker 2: may be some more lots that are encumbered, but that'll

843
00:47:25,480 --> 00:47:27,960
Speaker 2: be offset by fewer cars coming. So I think it'll

844
00:47:27,960 --> 00:47:31,719
Speaker 2: probably similar to this year, which was an adjustment for

845
00:47:31,800 --> 00:47:40,880
Speaker 2: our fans, but we don't think it was. It was intolerable. Okay,

846
00:47:41,200 --> 00:47:42,359
Speaker 2: all right, well, thank you all very much