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Nashville council gives final approval to new Titans stadium

Apr
26
4/26/2023 3:33:34 PM
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Nashville cemented a historic $2.1 billion agreement to build a new, enclosed stadium for the Tennessee Titans on largely underdeveloped Metro land along the east bank of the Cumberland River, Cassandra Stephenson and Rachel Wegner of the Tennessean report.

The deal is the largest in Nashville's history and includes at least $1.26 billion in public funding, making it the largest public subsidy for a stadium in U.S. history.

Nashville's council signed off on the agreement with a 26-12 final vote early Wednesday morning after an impassioned five-hour public hearing in which nearly 70% of speakers opposed the deal. A motion to reconsider the vote was determined out of order by a majority of council members after considerable confusion over parliamentary rules.

The council also approved a resolution 26-8 with three abstentions creating the Nashville Needs Impact Fund, which the team has agreed to contribute $48 million to over the duration of the lease. The fund can be used to support Metro departments and non-government entities in efforts to support public education, public transit, affordable housing, cultural and artistic promotion, historic preservation, environmental sustainability, gender equity in youth sports and diversity, equity and inclusion. It can also be used to support professional women's sports infrastructure, marketing and recruitment.

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