A key development in the creation of a new Tennessee Titans stadium: the Nashville Metro Sports Authority has signed off on the $2.1 billion project’s initial term points, with further approvals expected later this month.
The Titans have proposed a new 6o,000-seat fixed-roof stadium to replace Nissan Stadium, which would be torn down and the site used for additional mixed-use development. The new stadium, located on the Interstate 24 side of the current Nissan Stadium property, would be built adjacent to current stadium, planned as the centerpiece of a new mixed-use development across the river from downtown Nashville, opening for the 2026 NFL season. Nissan Stadium would then be torn down, with that facility’s acreage as well as that of adjacent parking lots be used to round out the development.
Approval from the Metro Sports Authority for a new Tennessee Titans stadium was unanimous, despite some calls in the community to pursue upgrades and essential maintenance to Nissan Stadium. From The Tennessean:
“The Sports Authority has done a lot of due diligence on this,” Council member Brett Withers said. “People are asking good questions at East Bank Stadium Committee and trying to get to a good outcome. Some people have gotten fixated on the cost to renovate the stadium, and I hear that. But it’s entirely on Metro’s budget to do that.”…
Construction could begin as soon as late 2023 if a new lease and financing agreement is approved early next year. The team also presented a “OneCommunity” benefits package that includes education programs and donations, youth football training, discount tickets, guest appearances and more.
The term sheet approved by the Metro Sports Authority covers items like general development goals, initial financing plans, maintenance commitments, parking and community partnerships. You can read the full list here.
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