Event Date: May 7th, 1983
Event Description: Bullard Enlists Godbold
Source: United Press International
Land developer Fred Bullard has enlisted the help of Mayor Jake Godbold to bring a United States Football League franchise to Jacksonville. Bullard and Godbold signed a 25-year tentative lease Friday for the 80,000-seat Gator Bowl.
The agreement, which follows Bullard's formal application for a franchise with the USFL headquarters in New York, is subject to approval by the city council and league commissioner Chet Simmons.
The lease agreement says it will become effective only if Bullard, a native of Jacksonville, is awarded the franchise.
“We've come a long way today,” Godbold said Friday. He said a USFL franchise would mean “big bucks” for Jacksonville, calculating the overall impact on the city at anywhere from $40 million to $60 million a year.
The initial term of the lease is 10 years, with three successive five-year options to renew.
Story-(UPI)
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