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Friday, July 12, 2024

New Titans Stadium Tax Fund to Collect $2.9B

  • A Tennessee Titans stadium tax fund is projected to generate nearly $3 billion over 34 years.
  • The fund is scheduled to pay for Nashville revenue bonds on the proposed $2.1 billion Titans stadium.
Renderings of new Tennessee Titans stadium
Tennessee Titans

A Tennessee Titans stadium tax fund is projected to generate nearly $3 billion over 34 years.

The fund is scheduled to pay for Nashville revenue bonds on the proposed $2.1 billion Titans stadium, collecting $2.9 billion through 2056, according to Metro Nashville — not including the state’s $500 million commitment.

Titans stadium.

A Look Inside the Titans’ New $2B Stadium

The 1.7 million-square-foot stadium will look to host events year-round.
October 25, 2022

The tax fund is set to pay off $760 million in revenue bonds from the Metro Nashville Sports Authority and will be used toward a capital improvements fund for stadium work in the future.

  • A new 1% hotel tax in Davidson County is expected to collect $19 million in 2023 with a 2% annual increase, reaching $36.5 million in 2056 for a total of $912.6 million over 34 years.
  • A $3 ticket tax for all stadium events is projected to generate $1.8 million annually from 2027.
  • A 50% sales tax for a potential surrounding 130-acre development is expected to bring in $806.9 million starting in 2026 — the anticipated open date.

New to Nashville

At a capacity of 60,000, the stadium could be the smallest in the NFL. It would still be able to host the Super Bowl since the NFL has adjusted its requirements. 

A domed stadium has support from country music star Garth Brooks, who wrote a letter to Metro Council calling an enclosed stadium “a must.”

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