New Projection Date For Tennessee Titans New Stadium
NASHVILLE - As the negotiations continue between the Tennessee Titans and state and local Metro Nashville governments, the initial projection for the possible opening of a new domed stadium for the franchise was 2026; however, in a meeting last week with the Metro Nashville Sports Authority, that date has been pushed back.
According to a report by The Tennessee Star, the Titans are projected to make an estimated $270 million from personal seat licenses, which will go toward the team’s contribution to the new stadium with a projected cost of $2.1 billion that is now projected to open in 2027.
The Titans are set to contribute $840 million to the project from selling the PSLs (personal seat licenses) and a $200 million loan from the NFL and private financing.
Metro Nashville will commit to reimbursing the Titans for up to $42 million of work on the current Nissan Stadium for the remainder of its life. That includes the $25 million in PSL sales tax, the collection of three more $1 million payments from the Metro Nashville general fund, $5.9 million in a current sports authority fund and up to $8.1 million from a new sales tax fund that will also be used to pay off the $760 million in revenue bonds.
While there is apparently still some work to be done, and there is opposition to the deal from some inside Metro Nashville's city council, it does appear that a new stadium deal will ultimately get done. A new stadium definitely seems on the horizon for Nashville.
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