Tag: J.C. Bradbury

Council Member Says Economist’s Free Report Was More Valuable than Paid VSG Report

Laura Baigert

At the Thursday evening meeting of the East Bank Stadium Committee, a council member praised an economist’s presentation about public investment in sports stadiums as more valuable than the paid report the council approved a company to do.

Professor of Economics, Finance and Quantitative Analysis at Kennesaw State University, J.C. Bradbury, delivered an information-dense presentation in rapid-fire fashion to the East Bank Stadium Committee (EBSC), of which Council Member Delishia Porterfield (District 29) was highly complimentary and appreciative, especially in comparison to the Vision Stadium Group (VSG) report that had a cost of at least $250,000.

Read More

Tennessee Titans’ Lease Document Defines ‘Modern, First-Class’ Facility

The Center Square

A lease agreement between the Tennessee Titans and the limited liability Cumberland Stadium LP, calls for the Titans to be provided “a modern, first class, open air, stadium designed primarily for football, with a grass playing surface, to be located on the Stadium Site,” according to a copy of the lease acquired by The Center Square.

Cumberland Stadium is an operator that works for the Metro Nashville Sports Authority at the stadium.

Read More

Nashville Could Commission $200K Study on Titans’ Stadium Lease Obligations

The Center Square

Nashville will consider spending $200,000 on a “stadium study” to evaluate the Tennessee Titans’ claim that the city would owe $1.839 billion under the terms of the team’s current lease if Nissan Stadium in Nashville was renovated instead of having a new estimated $2.2 billion stadium built.

The line item called “study of Nissan Stadium obligations” appeared on a revised city budget from Metro Nashville Budget and Finance Chair Burkley Allen. The amendments will be discussed at Tuesday’s council meeting.

Read More

Taxpayer Funding for NFL, Other Pro Sports Stadiums Grows Exponentially

The Center Square

Over the next nine years, more than half of the stadiums in the National Football League will reach 30 years of age, or the age at which stadiums are generally replaced, according to economist J.C. Bradbury of Kennesaw State University in Georgia.

The model for replacement is trending more toward the taxpayer-supported efforts being pitched for the Tennessee Titans and Buffalo Bills than it is strictly team-owner funded stadiums such as the $5 billion SoFi Stadium in Los Angeles, home of the Chargers and Super Bowl-champion Rams.

Read More

Economist: Nashville Mayor’s Titans Stadium Plan Lacks Transparency, Economic Basis

The Center Square

Nashville Mayor John Cooper presented his case for public funding toward a new Tennessee Titans stadium in an op-ed posted Thursday by The Tennessean.

While those arguments were presented, Cooper did not include any numbers on how much the city plans to contribute to what is estimated to be at least a $2 billion stadium with a $700 million city investment and $700 million from team ownership, which could include a $200 million NFL loan.

Read More

World Cup Won’t Bring $700 Million Economic Impact to Nashville, Sports Economists Say

The Center Square

Several sports economists who study the economic impact of sporting events believe a report showing a nearly $700 million economic impact for Nashville if it is selected as a host city for the 2026 World Cup was heavily inflated.

Nashville was one of the first nine potential sites visited by FIFA, which is international soccer’s governing body. A group visited the city Sept. 9.

Read More