Jacksonville Jaguars owner Shad Khan has pledged $20 million to help fund new scoreboards.
The scoreboards, which are expected to cost $63 million and be the largest in the world, should raise the city's profile in regards to future host sites for college football playoffs.
The city will provide the other $43 million, with much of it coming from a 2 percent charge on area hotel guests. The city and the Jaguars announced the funding agreement Wednesday.
The city says its financial contribution will not affect the general fund budget that pays for services like public safety, parks and libraries.
Khan's latest investment brings his total since agreeing to buy the team to $31 million. Khan spent $11 million on stadium upgrades that included new a locker room, training room and weight room.
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