The NFL was thinking stable ownership with deep pockets when Carolina was given a team. When it was time to award the 2nd franchise in '93, the NFL wasn't impressed with any of the ownership bids left from St Louis, Baltimore or Memphis as well as Jacksonville.
Jacksonville got their together faster than any of the other listed towns and sent in a revised bid under a new ownership group including a complete renovation of the Gator Bowl into today's Alltel Stadium and selling over 10K club level seats in under two weeks.

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