The Tennessee Titans have been vocal about needing a new stadium and it appears like the city of Nashville is willing to get that done.
According to Axios, Nashville Mayor John Cooper reached a deal with the Titans to build a domed stadium just east of the current stadium. Even though the mayor is on board, just having the agreement doesn’t make it a done deal. The plan must be approved by the Metro Council in order to proceed.
The agreement notes that the stadium is expected to cost “up to” $2.2 billion, with $800 million coming from the Titans, $500 million in bonds coming from the state of Tennessee, and a 1% tax “on all hotel room rentals in Davidson County, sales taxes collected within the new facility and sales taxes collected in the surrounding 130-acre campus.”
In recent months, the Titans discussed how Nissan Stadium was in need of extensive repairs. Repairs for a stadium that was built in 1999 and was promised could at the time be usable for several more decades.
Nevertheless, the dome is an important part of any new stadium as it unlocks the ability for Nashville to host a variety of high profile events including the Super Bowl, College Football Playoff games, and concerts that occur during the winter.
Nashville has been more and more of a destination city for many, especially in the sports world. Along with the Titans and the Nashville Predators, the past couple years has seen the formation of Nashville SC in MLS along with the city hosting WWE SummerSlam as well as a street race for the NTT IndyCar Series. And there are talks to bring NASCAR to a renovated Fairgrounds short track. A new domed stadium is the next step to get more high profile sporting events.
[Axios]
