ATLANTA -- Jacksonville officials said yesterday that the city plans to sell $121 million of tax-exempt debt to renovate the Gator Bowl for the National Football League's newest expansion team, the Jaguars.

On Tuesday in a surprise decision, the NFL awarded Jacksonville, a city of 700,000 located in the northeastern comer of Florida, the league's 30th team. The award follows the designation Oct. 26 of Charlotte, N.C., as the other site for the two expansion teams.

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