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Wednesday, June 19, 2024

Facing $1.8B in Repairs, Titans Push for New $2.2B Stadium

  • A new study says it hardly makes fiscal sense to renovate the Tennessee Titans’ home stadium instead of building a new one.
  • Team officials announced that the estimated cost of upgrading Nissan Stadium would be a whopping $1.8 billion.
Christopher Hanewinckel-USA TODAY Sports

A new study says it hardly makes fiscal sense to renovate the Tennessee Titans’ home stadium instead of building a new one.

Team officials announced that the estimated cost of upgrading Nissan Stadium would be a whopping $1.8 billion. Team president and CEO Burke Nihill described its current state as one of the “worst” in the NFL — and is calling for an entirely new venue.

  • The lease for the stadium, which runs until 2039, stipulates that Nashville is on the hook to pay for repairs.
  • As a result, the mayor’s office appears on board with building an entirely new stadium. 
  • In a statement, Mayor John Cooper acknowledged that refurbishment would “cost Nashvillians hundreds of millions of dollars.”

New Stadium Plan

The team has already announced plans for a new stadium that could cost up to $2.2 billion to construct. The venue, which could be elite enough to host a future Super Bowl, would be 1.7 million square feet, and include a dome. 

Team owners would pay $700 million, and the state will provide $500 million worth of bonds. Hotel and sales taxes would cover the rest.

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