State officials would plan how to use a defined area of state-owned land in Jackson, with a report due to the Legislature by January 1, 2027.
State officials would plan how to use state-owned land in Jackson, with the resolution stating that it is intended for sale or lease while preserving the environment, supporting local growth, and contributing to the city's tax base.
The report would recommend a multipurpose facility near Jackson State University, with at least 30,000 seats and state funding commitments matched by private contributions from the university foundation. The university would also have to show at least $50 million in dedicated outside funding before the report deadline.
Jackson State University could allow public or private organizations to use their names on stadium property. With approval from the higher education board, it could lease naming rights for up to 20 years in return for value benefiting the university.
The resolution would direct up to $400,000 from the state's Capital Expense Fund to help pay for the report and related work.
The resolution would direct the Department of Finance and Administration to work with state institutions and other relevant groups on a land-use plan and report. The plan would cover state-owned land bounded by North State Street, East Woodrow Wilson Avenue, North Mill Street, and Taylor Street in Jackson. The report would need specific recommendations for the land's use. The report would be due to the Legislature by January 1, 2027.
The report would recommend a site for a multipurpose facility near Jackson State University and include state and private funding commitments. The facility would be on or near Jackson State University's campus and would need at least 30,000 seats combined. The proposed site must be workable and affordable, serve students and nearby residents, and avoid undue harm. Before January 1, 2027, the university must show that at least $50 million from private, local, or federal sources has been irrevocably dedicated for the facility. The university would have to provide proof of the dedicated $50 million before January 1, 2027.
The resolution would allow Jackson State University to permit name use on stadium property and, with approval, lease naming rights. Name use and naming-rights leases could cover stadium property, including buildings, improvements, grounds, and objects. The Board of Trustees of State Institutions of Higher Learning would have to approve a naming-rights lease. The lessee would pay to put up, maintain, and remove related signs. A naming-rights lease could last no more than 20 years.
The resolution would direct that up to $400,000 be appropriated to help pay for the report and related work. The funds would go to the Board of Trustees of State Institutions of Higher Learning. The money would come from the Capital Expense Fund and would be limited to the amount needed for the report and related activities.
No hearings or votes scheduled.