Nashville Council, Sports Authority Awaiting Final Documents On $2.2B New Titans Stadium

The Metro Nashville Mayor’s Office Is Completing What It Is Calling The Definitive Documents For A New Deal On A $2.2 Billion Tennessee Titans Stadium And Plan To Present The Final Documents To Metro’s Council By March.

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New Taxpayer-Funded Stadium Could Increase Value Of Tennessee Titans Franchise

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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Tennessee Titans Stadium Term Sheet Approved, Full Council Vote To Come

Nashville’s Budget And Finance Committee Voted 11-2 On Monday To Recommend A Non-Binding Term Sheet On The Basics Of The Deal To Build An Estimated $2.1 Billion New Stadium For The Tennessee Titans. The Non-Binding Term Sheet Will Head To The Full Council On Tuesday Night For A Vote, Along With Eight Attached Amendments.

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Nashville Official Proposes Returning $50M For Stadium To Department Of Children’s Services

Metro Nashville Council Member Bob Mendes Proposed A Resolution Asking The City’s Council To Decline $50 Million Of The Promised $500 Million From Tennessee For A New Covered Tennessee Titans Stadium And Instead Have That Funding Diverted To Tennessee’s Department Of Children’s Services.

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Pork Report Says $1 Million Plus A Year Of Tax Dollars Spent To Fund Lobbying Efforts

In Their 2022 “Pork Report,” The Beacon Center Of Tennessee Says That $1 Million Plus Of Tennessee Tax Dollars Goes To Funding Lobbying Efforts At The State Legislature Every Year.

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New Tennessee Titans Stadium Tax Fund Projected To Collect $2.9B Over 34 years

A Sales Tax Fund Set To Pay For Nashville Revenue Bonds On A Proposed New $2.1 Billion Tennessee Titans Stadium Is Expected To Collect $2.9 Billion Through 2056, According To Projections From Metro Nashville.

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Analysis: Who Really Pays In Tennessee’s Sports Stadium Sales Tax Zone Funding Scheme?

In Many Of The Cases, Rather Than Using Direct Funding Methods From City Or State Coffers, Tennessee Has Now Opted To Have A Portion Of Funding For The Bonds On Building Stadiums To Come From Sales Tax Zones. Those Funds Are Often Termed By Those Proposing Deals As User Fees. But Economists Say That Doesn’t Show The Full Impact.

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Officials Estimate Tennessee Titans Stadium Tax Fund Could Generate $70M Annually

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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