Titans’ new $2.1bn stadium ‘approved by Nashville mayor with legislation filed to go before council’
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Nashville mayor approves new $2.1 billion Tennessee Titans stadium with legislation filed to go before council March 7 as plans to build a dome for the 2026 season take shape
The final hurdle to pass the new $2 billion proposal for the new Tennessee Titans stadium has been cleared.
Nashville, Tennessee Mayor John Cooper appears to have approved the plans and introduced legislation to confirm construction of the new arena.
This final agreement received feedback from the city council and the community, adding ‘key details in the form of development and lease agreements’, as well as ‘street and plaza infrastructure that the Titanes will cover, in addition to the infrastructure required to open the new stadium’, according to the tennessean.
Last December, the council approved a term sheet for what is a proposed $2.1 billion domed stadium to be built next to Nissan Stadium, where the Titans currently play.
Council members voted 27-8-3 to accept the terms, before the finer details were approved and finalized with a goal of opening by 2026.
A final agreement on a new stadium for the Tennessee Titans will be voted on soon
The stadium will have a vaulted ceiling, allowing it to host the Super Bowl and other events.
A rendering of what the stadium will look like against the Nashville skyline, near where Nissan Stadium currently stands on the banks of the Cumberland River.
Plans say the facility will cover 1.7 million square feet with a capacity of about 60,000.
While the climate in central Tennessee is not known for being cold, the dome will allow them to host events such as the Super Bowl, Final Four, college football playoff games and other major sporting events.
Development of Nissan Stadium began in 1997 and it opened in 1999, having hosted the Titans, Nashville SC and the Tennessee State University football team.
The stadium lease will be funded in half by the Titans, NFL and personal seating licenses.
The rest of the funding will come from a hotel tax paid by tourists, stadium sales tax on both the NFL and the stadium campus, and the rest will come from the state.
At $2.1 billion, this is projected to be the second most expensive stadium development in history, behind the $5.5 billion spent to build SoFi Stadium in Los Angeles.
With a projected cost of $2.1 billion, this would be the second most expensive stadium in history.