Tennessee Bill Would Limit PSL Increases For 10-Year Seat Holders At New Nissan Stadium
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The Center Square [By Jon Styf] –
Tennessee Rep. Larry Miller, D-Memphis, plans to push a bill that will limit the amount of increase for the cost of a personal seat license at the new Nissan Stadium that he plans to present to the House Business and Utilities Subcommittee on March 12.
Miller said Tuesday afternoon he planned to amend House Bill 2646 after speaking with the Titans about the bill.
Miller’s original bill language would have kept prices flat for PSL holders who have had seat licenses for 10 years. Miller said he is a 20-year PSL holder.
But Miller said a flat rate would not be realistic, so instead he wants to push a cap on the percentage increase for 10-year PSL holders.
The Titans plan to hold a ceremonial groundbreaking for the new taxpayer-funded stadium at 2 p.m. on Thursday with Nashville city leaders and Tennessee leaders.
The team’s Tennessee Football Inc. arm currently has 12 registered lobbyists at the Tennessee Capitol.
The new Nissan Stadium is set to open in fall 2027. It is funded with a $500 million subsidy from the state of Tennessee along with a $3.1 billion tax capture setup to pay of Metro Nashville Sports Authority bonds on the project.
The Titans have not revealed how much new stadium PSLs will cost but the team is planning to fund a large portion of its $840 million toward the stadium project from those sales.
Titans revenue from PSL sales was projected at $270 million at one point during a sports authority work session.
Miller said the Titans will have new PSL prices available in six months.
The team has previously said that it will offer a credit for current PSL holders toward the purchase price of new PSLs but Miller’s bill could change the amount of increase for some PSL holders.
About the Author: Jon Styf, The Center Square Staff Reporter – Jon Styf is an award-winning editor and reporter who has worked in Illinois, Texas, Wisconsin, Florida and Michigan in local newsrooms over the past 20 years, working for Shaw Media, Hearst and several other companies. Follow Jon on Twitter @JonStyf.
