Stadium funds are key part of Jacksonville's $355 million bond sale
Excerpt from the article:
(July 31, 2025) Jacksonville is one of many local governments helping to finance stadiums for professional teams.
"We aren't big fans of taxpayer financed stadiums," said John Mousseau, vice chairman and chief investment officer for Cumberland Advisors. "Most of the research out there [shows] they never really end up reaping the economic benefits back to the communities and the teams rake in all the dough. Most stadium and arena bonds trade cheap for that reason."
The project promises to rebuild the open-air stadium into a facility with a canopy roof protecting fans and players from the elements.
The stadium deal came after implicit threat to move the team out of one of the NFL's smallest markets without a large public contribution.
"The cities are held hostage by the teams and when you only have one professional sports franchise, the hostage situation feels worse and the pressure to finance is greater," Mousseau said.
Click here to read the full article on the The Bond Buyer website.
John R. Mousseau, CFA
Vice Chairman | Chief Investment Officer
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