SMG Drops Fee 90% to Keep Jacksonville

Outside of Everbank Field, one six Jacksonville, Fla., venues renewed by SMG

Jacksonville, Fla., Mayor Alvin Brown has released the details of the city’s Dec. 22 contract renewal with SMG. The agreement includes a 90-percent drop in fees and $6.8 million in rent give-backs, capital investments and guarantees on future revenue as part of a five-year deal.

Jacksonville will now pay SMG $100,000 per year to manage the city’s six sports and entertainment venues — a signi...