How Rupert Murdoch Changed Sports Media Forever
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.
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.”
