The Metro Sports Authority Board of Directors approved the selection of the Tennessee Builders Alliance (TBA) to construct the Tennessee Titans’ new $2.1 billion stadium at its meeting on Thursday.
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The near $300 million in capital improvements recommended in a 2017 report by Venue Solutions Group (VSG) would have resulted in an average of $12 million in expenditures per year for the following 20 years.
The 159-page Facility Condition Assessment was prepared on behalf of Metro Nashville Government (Metro) and the Metro Sports Authority (Authority) to benchmark the condition of the Tennessee Titans stadium.
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While the Tennessee Titans and Nashville Mayor John Cooper are talking about renovating Nissan Stadium and extending the team’s lease, a price tag for taxpayers has not been disclosed.
The franchise and the city announced their discussions last week, The Tennessee Star reported. The negotiations have been going on for some time, but the team said it was making the process public, citing a story by The Tennessean. Something should be known in about six months.
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A Chancery Court judge ruled that Metro Nashville’s contract to build the Major League Soccer stadium on The Fairgrounds Nashville is invalid because the meeting approving it violated the Tennessee Open Meetings Act, WSMV reported.
The Sports Authority gave only 48 hours’ notice before holding a special meeting to sign off on the $192 million contract with M.A. Mortenson Co./Messer Construction Co. on November 1, 2018.
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Nashville’s Metro Sports Authority has approved issuing revenue bonds for construction of a soccer stadium at the Nashville Fairgrounds. The sports authority approved a resolution Thursday, reports WKRN News 2. The project still must be approved by Metro Council, which will vote on the proposal Nov. 7. The council will hold a public hearing at 6 p.m. Oct. 24 in the Creative Arts Building at the fairgrounds. The resolution approved Thursday would allow the sports authority to issue up to $225 million in revenue bonds for the 27,500-seat stadium if Metro Council also signs off on the project. The project would cost a total of $250 million. Mayor Megan Barry’s proposal for the stadium is controversial because of the costs and also because of how it might impact existing activities at the fairgrounds. Barry, a progressive Democrat, wants to entice a Major League Soccer expansion team to come to Nashville. MLS will make a decision in December. Her proposal also involves opening up 10 acres at the fairgrounds to mixed-used development that would include affordable housing. Monica Fawknotson, executive director of the sports authority, told WKRN that the stadium is “an incredible opportunity for the city” and that “there are a lot…
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