The much-anticipated report from VSG (Venue Solutions Group), which claims to substantiate the estimated $2.1 billion in projected costs to renovate Nissan Stadium was released Tuesday.
The previous estimates for an upgrade to the stadium to the “first-class condition” required in the 1996 stadium lease agreement at costs ranging between $1.75 to $1.95 billion is what is driving the argument for a new stadium.
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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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