• Loading stock data...
Friday, March 29, 2024
2024 Best Venues nominations are open now through April 8! Submit Now

Mayor: Taxpayers Off the Hook for Titans’ New $2B Stadium

  • The Titans have planned to build a 1.7 million-square-foot, domed stadium.
  • Costs for the facility are expected to range between $1.9 billion and $2.2 billion.
Christopher Hanewinckel-USA TODAY Sports

Taxpayers will not be on the hook for costs associated with the construction of a new stadium for the NFL’s Tennessee Titans, according to Nashville mayor John Cooper. 

The Titans — valued at $2.6 billion — have planned to build a 1.7 million-square-foot, domed stadium, which is estimated to cost between $1.9 billion and $2.2 billion. Slated to open for the 2026 NFL season, the stadium could also host major sporting events, including the Super Bowl

  • The Adams family, owners of the team, will contribute $700 million to the new facility.
  • Tennessee lawmakers have approved $500 million in bonds for the venue.
  • Metro Nashville Sports Authority will add another $700 million to the state’s commitment.

Mayor Cooper’s willingness to not have taxpayers help pay for the Titans’ new stadium comes amid delays to upgrade Nissan Stadium, the team’s home field since 1999. 

Nissan Stadium was scheduled to undergo several maintenance projects in recent years, but a budget deficit and the global pandemic put plans on hold. 

Long-Term Plan 

The Titans’ current lease at Nissan Stadium requires the city of Nashville and taxpayers to pay for maintenance. Currently, the team is owed at least $25 million in completed repairs.

Even though the Titans are expected to pay nearly double the estimated cost of the upgrades to build a new stadium, the move is considered a long-term financial decision.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

The NFLPA Report Card Is Doing Exactly What It Was Intended For

Robert Kraft hasn’t gone to school in nearly 60 years, but on Tuesday the Patriots’ owner found himself talking about his report card. 

How Lack of Planning by NCAA, Gonzaga Led to Racial Abuse of Utah Athletes

The NCAA gave Gonzaga a waiver to place teams in an extremist hotbed.

NCAA President Calls for Nationwide Ban on College Prop Bets

The NCAA president is reacting to the recent betting turmoil in sports.

It Remains Unclear Which Authorities Shohei Ohtani Has Reported Theft of Millions to, If Any

A federal investigation is ongoing, but it’s not clear what it covers.
podcast thumbnail mobile
Front Office Sports Today

MLB Opens Season With MLBPA, Ohtani, and Ownership Dramas

0:00
0:00

Featured Today

March 22, 2024, Brooklyn, NY, USA; Northwestern Wildcats guard Brooks Barnhizer (13) and Northwestern Wildcats guard Boo Buie (0) react in overtime against the Florida Atlantic Owls in the first round of the 2024 NCAA Tournament at the Barclays Center.
March 27, 2024

‘An Expensive Game’: March Madness and NIL Collectives Are Intertwined

At schools nationwide, collectives are fueling NCAA tournament runs and vice versa.
Iowa’s Caitlin Clark (22) waits to be announced in the starting lineup against West Virginia in a NCAA Tournament round of 32 game Monday, March 25, 2024 at Carver-Hawkeye Arena in Iowa City, Iowa.
March 26, 2024

The Women’s Trading Card Market Is Overlooked. Can Caitlin Clark Change That?

Traditionally, women’s sports cards have been a marginal part of collectibles.
The Sports Illustrated cover signed by Derek Jeter and Alex Rodriguez, February 27, 2019, at Don & Charlie's, 7501 E. Camelback Road, Scottsdale. Don Charlie S
March 24, 2024

Everything You Need to Know About the Ongoing ‘Sports Illustrated’ Saga

Understanding the strange state of affairs for the nearly 70-year-old publication.

Careers

Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Live Nation
Multiple - USA Careers
Adidas
Multiple - USA Careers
Spotify
Multiple - USA Careers
Kansas City Chiefs president Mark Donovan

Chiefs’ President: Team Keeping ‘All Options’ Open If Stadium Vote Fails

The Chiefs’ president said he’s ‘cautiously optimistic’ that a public vote would pass.
March 26, 2024

Chiefs and Browns Could Break Tradition, Leave Longtime Homes

The two-time defending Super Bowl champions lay down a renewed threat.
March 27, 2024

Leonsis Makes Stunning Turn Back to D.C., Will Renovate Capital One Arena

D.C. to spend $515 million on venue renovations as the Virginia plan is now dead.
Sponsored

How Daily Fantasy Sports Solved NBA Fantasy

The remarkable growth of the #1 Discord sports server in the world.
March 22, 2024

D.C. Attorney General: Caps and Wizards Can’t Leave Until 2047

Bond debt in a 2007 contract is the main reason the move can’t happen.
March 21, 2024

Building Up? Philadelphia’s Arena Developments Gain Steam, Tension

Comcast Spectacor brings in the Phillies as a development partner in the existing sports complex.
March 21, 2024

Phillies Join in $2.5 Billion Redevelopment Plan for Philadelphia Sports Complex

The club is now involved in the remaking of the stadium area.
March 20, 2024

Are the Olympics Getting Too Big? Pushback in Brisbane Sparks Debate

Australian officials move forward with stadium renovations instead of building a new facility.