Tennessee Conservative
A “First-Class” Condition Requirement Was At The Forefront Of Tennessee Titans Chief Executive Officer Burke Nihill Claiming Metro Nashville Would Owe $1.839 Billion In Renovation Costs At Nissan Stadium.
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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.
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A Tax Fund Scheduled To Pay Off Revenue Bonds From Nashville Toward A New $2.1 Billion Tennessee Titans Stadium And Available For Future Maintenance Costs Is Estimated To Generate Up To $70 Million Annually During The Titans’ New 30-Year Proposed Lease, Which Includes Three Additional Five-Year Team Options To Extend.
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Metro Nashville Announced A Deal With The Tennessee Titans To Build An Estimated $2.1 Billion New Stadium That Includes At Least $1.26 Billion In Taxpayer Funds. Of That, $500 Million Will Come Directly From The State Of Tennessee.
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A Portion Of Thursday’s East Bank Committee Meeting Was A Preview Of A Central Point Of The Metro City Council’s Ultimate Debate On Approving Nearly $2 Billion In Bonds That Will Be Paid For With An Estimated $1.5 Billion In Public Funds For A New Estimated $2.2 Billion Stadium.
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The Tennessee Titans’ Franchise Value Could Increase By $300 Million If The Team Gets A New Stadium, According To A New Report From Forbes.
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Metro Nashville’s East Bank Stadium Committee Heard An Overview Of Its Obligations For Stadium Repairs, Including The Legal Department’s Definition Of The Key “First-Class Condition” Term At Its Most Recent Meeting.
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The Metro Nashville Sports Authority Won’t Receive A Nissan Stadium Facility Evaluation Until Mid-November, According To Metro Law Deputy Director Tom Cross. Cross Announced At A Recent Sports Authority Meeting That The Group Will Not Competitively Bid The Process, But Instead Will Hire Venue Solutions Group After Not Looking At Any Other Firms.
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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.
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Tennessee Titans Chief Executive Officer Burke Nihill Estimated That Nashville Would Owe $1.839 Billion Under The Terms Of The Team’s Current Lease If Nissan Stadium In Nashville Was Renovated Instead Of Having A New Stadium Built.
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