UPDATE: Nashville mayor strikes stadium deal with Titans

Nashville Mayor John Cooper has struck a deal with the Tennessee Titans over the city’s share of funding for a new $2.1 billion stadium. Under the proposal, Metro Nashville would issue $760 million in revenue bonds.

The General Assembly previously approved $500 million in bonds, authorized 1 percentage point increase in the hotel tax in Davidson County, and allowed sales tax dollars collected nearby to help finance the new facility, which would be located next to the current stadium that opened 23 years ago. The Titans, the NFL, and season ticket holders would pay for the remaining $840 million.

While GOP lawmakers are mulling ways to punish the Nashville Metro Council for rejecting an agreement to host the Republican presidential convention in 2024, the football stadium is not believed to be among the areas they will seek to target.


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