Jacksonville Jaguars unveil conceptual designs for billion-dollar-plus "stadium of the future"

Fox News Flash top headlines are here. Check out what's clicking on Foxnews.com.

The Jacksonville Jaguars unveiled conceptual designs for their "stadium of the future" on Wednesday, providing an initial glimpse into a billion-dollar-plus project that could determine the fate of the small-market franchise.

The renderings showed covered seating throughout a 62,000-seat, open-air stadium that includes a 360-degree concourse, which is four times wider than the current space. Capacity could be expanded to 71,500 for the annual Florida-Georgia rivalry, the Gator Bowl or a College Football Playoff game. The project also would include major improvements around the stadium, including a University of Florida satellite campus.

The Jaguars believe the proposal would create more opportunities to host major concerts, music festivals and the NFL draft. They stopped short of suggesting a second Super Bowl, clearly aware that the city’s lack of nearby hotels remain an obstacle.

"We have reached the end of this important and initial phase of this project — the design of the stadium we envision will be the home of the Jacksonville Jaguars and serve our entire community for generations to come," owner Shad Khan said in a statement.

Jacksonville is the only NFL franchise that hasn’t built a new stadium or undergone substantial renovations since the team entered the league 1995. Most recently, Tennessee and Buffalo approved deals to build new stadiums.

JAGUARS MAY BE FORCED TO PLAY ELSEWHERE AS STADIUM UNDERGOES RENOVATIONS

The Jacksonville Jaguars have unveiled conceptual designs for their "stadium of the future." It's an initial glimpse into a billion-dollar-plus project that could determine the fate of the small-market NFL franchise.