The Tennessee Titans Franchise Is Currently Valued At $3.5 Billion. But, If A New $2.1 Billion Stadium Proposed To Be Built Mainly With Taxpayer Funding Is Approved, The Franchise’s Value Is Expected To Increase By $300 Million.
Members Of The Metro Nashville City Council Will Be Asked To Approve A Term Sheet And Legislation To Enact A 1% Hotel-Motel Tax Starting Feb. 1 With Its Initial Consideration Of Both To Begin At The Board’s Nov. 1 Meeting.
In A New Poll, 61% Of Likely Voters In Tennessee Oppose The State Giving $500 Million Toward A New Tennessee Titans Stadium.
Nashville’s East Bank Stadium Committee Plans To Parse Information On A New Projected $2.2 Billion Tennessee Titans Stadium Deal Once It’s Announced, Along With Information On The City’s Current Lease Obligations And A $200,000 Stadium Study The Council Has Planned Along With Land-Use Requirements Around Nissan Stadium. But The Group Will Not Be Producing Its Own Economic Impact And Tax Impact Numbers Related To The Proposed Project.
Metro Nashville Government Has Formed An East Bank Stadium Committee That Will Be Led By Councilmember Bob Mendes And Will Include Seven Members Of The City Council. The Committee Is Expected To Examine The City’s Involvement In The Potential $1.5 Billion Of Public Funding Planned For A New Estimated $2.2 Billion Tennessee Titans Stadium.
After $500 Million In Funding For A New Tennessee Titans Stadium Passed Tennessee’s Legislature Last Week, The Next Step In The Public Funding Portion Of The Deal Will Be Funding From Metro Nashville.
Tennessee Already Has Granted $10.8 Million Of Taxpayer Money From Its Special Events Fund Toward Luring Super Bowl LXIV In 2030 To Nashville In Addition To The $500 Million In State Funding And $3.1 Billion Estimated Tax Capture To Build New Nissan Stadium.
A State-Controlled Board Designed To Direct Nashville’s Tourist Tax Dollars To Multiple Projects Will Work Under The Direction Of The Tennessee Comptroller’s Office, According To Legislation Moving Through The Legislature.
The Pieces Are Coming Together For Work To Start On A New Tennessee Performing Arts Center As Part Of A Massive Project On Nashville’s East Bank.
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