Four months after the Jaguars revealed concepts for a new scoreboard that would be the largest in the NFL, team owner Shad Khan announced on Wednesday, in conjunction with team president Mark Lamping, Jacksonville mayor Alvin Brown and Gator Bowl president Rick Catlett, official plans for scoreboards over both the north and south end zones in Everbank Field.

With the stadium renovations, running a bill of $63 million, the Jacksonville Jaguars will be the owners of the world's biggest scoreboards in sports...and there will be two of them. "Today we're making a statement to the NFL, the nation and the world that Jacksonville is world-class," Khan said.

"Your big screen TV is great, but this will be better," Khan said. "It will be impossible to stay home and watch the Jaguars."

As part of the $63 million price tag, the city of Jacksonville will help with $43 million of the costs, while the team will cover the remaining $20 million. It was revealed that any cost overruns will be the responsibility of the team, and any savings on the project will go directly into further improvements on Everbank Field.

In light of recent speculation that the Jaguars could be a candidate for a full-time move to London, Brown highlighted the fact that the stadium improvements proved otherwise. "Today is the latest evidence of Shad's commitment to Jacksonville," Brown said.

Construction on the renovations will begin following the 2013 season.

Keep reading:

• Jaguars Film Room: Stopping the run with the Cover-3

• Things to watch in Jaguars training camp

• Is Mike Kafka in the Jaguars QB mix?

• The Jaguars are fine taking 5 QBs to training camp