Nashville Stadium Committee Members Spar Over Use of Taxpayer Funds for $2.2B Dome

Thursday’s Nashville East Bank Committee Meeting was scheduled to be about the city’s capital improvement obligations at Nissan Stadium.

But a portion of the meeting was ultimately a preview of a central point of the Metro City Council’s ultimate debate on approving nearly $2 billion in bonds that will be paid for with an estimated $1.5 billion in public funds for a new estimated $2.2 billion stadium.

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Commentary: Fool Nashville Taxpayers Twice on Titans Stadium, Shame on Us

Mayor John Cooper wants to saddle Nashvillians with an estimated $1 billion in taxes to pay for a new stadium for the Tennessee Titans, blaming a poorly negotiated contract and the shoddy craftsmanship of Nissan Stadium. But here’s the kicker: the mayor and city officials appear to be entertaining the same stadium designer who helped with the construction of the existing subpar stadium for this new boondoggle.

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Metro Nashville Committee Won’t Seek Independent Review of Economic Numbers for Tennessee Titans’ New Stadium

Nissan International Stadium

Nashville’s East Bank Stadium Committee plans to parse information on a new projected $2.2 billion Tennessee Titans stadium deal once it’s announced, along with information on the city’s current lease obligations and a $200,000 stadium study the council has planned along with land-use requirements around Nissan Stadium.

But the group will not be producing its own economic impact and tax impact numbers related to the proposed project.

“I am guessing the council doesn’t have an appetite for spending $25M on its own professionals, or $5 million or $1 million or half a million,” committee chair Bob Mendes said in the group’s planning meeting. “So we’re, necessarily, going to have to rely on information from others on that. I assume we’re going to hear about that. When we’re going to get presented with an actual deal, there’s going to be a list of income streams and a look forward on what it generates over time. Sources and uses.

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Former AllianceBernstein COO Jim Gingrich Calls for More Transparency in New Titans Stadium Negotiations

In an open letter written and delivered to the entire Nashville Metro Council on July 5, former AllianceBernstein COO Jim Gingrich expressed his concern about negotiations over a new Titans stadium and called for more transparency for the process.

“The time has come for the Council to assert its leadership, bring transparency to the negotiation, and prioritize taxpayers and Titans fans,” Gingrich said.

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

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.

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

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.

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Report: Tennessee Stadium’s Proposed $1.5 Billion Public Subsidy Far Surpasses Any Prior NFL Stadium

Nissan Stadium

A new report from Sycamore Institute shows that the proposal for a new Tennessee Titans stadium includes the highest total amount of public subsidies for an NFL stadium at a proposed $1.5 billion while bringing limited public benefit in return.

That commitment was part of $1.5 billion in total stadium commitments lawmakers have made in the past 18 months. In a comparison of 10 new NFL stadium proposals since 2008, the new Nashville stadium includes more total public funding than any previous NFL stadium proposal and includes an estimated 68% public financing, which is higher than any proposal since the $700 million Lucas Oil Stadium built in Indianapolis in 2008, which relied on 86% public financing.

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Titans CEO Says Nashville Would Owe Nearly $2 Billion Toward Nissan Stadium Renovations Under Current Lease

Tennessee Titans Chief Executive Officer Burke Nihill estimated that Nashville 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 stadium built.

The estimate is based upon maintenance and a lease stipulation saying the city must pay for capital projects to keep the stadium in “first-class condition to keep pace with comparable facilities.”

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Governor Bill Lee’s Financial Proposal for a New Titans Stadium Includes Very Few Details

Governor Bill Lee’s office made a presentation to the Tennessee House Finance, Ways, and Means Committee on his $500 billion bond proposal for a new Titans stadium that included several generalizations with very few details.

Commissioner of the Tennessee Department of Finance and Administration Butch Eley, who functions as Lee’s chief financial officer, made the presentation on Tuesday.

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Report: Governor Bill Lee to Ask General Assembly for $500 Million in Bonds for New Titans Stadium

Governor Bill Lee is said to be asking the Tennessee General Assembly to issue $500 million in bonds to help fund a new Tennessee Titans stadium.

First reported by Axios, Governor Lee wants the General Assembly to approve $500 million in bonds, which would be issued by the state and likely repaid by revenue from the new stadium.

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Nashville Mayor John Cooper’s Office Leaves the Door Open for Taxpayer Funding of New Titans Stadium

Nashville Mayor John Cooper’s office left the door open on the issue of utilizing taxpayer funding for a new Titans stadium to replace Metro Nashville-owned Nissan Stadium in a comment issued to The Tennessee Star.

“The Mayor’s Office continues to work closely with Titans leadership to find a responsible stadium solution. The Titans are important to Nashville and we know that being here is important to the Titans. Planning is still very much underway, and we do not have new details to share at this time.”

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The Tennessee Titans Want a New Stadium, But How the Team Plans to Pay for It Is Unclear

The Tennessee Titans want a new stadium, switching gears from modernizing Nissan Stadium to making plans to build a new one in the lot next door. It is currently unclear how the team plans to raise the money to pay for it.

the Titans’ president, Burke Nihill, talked about the team’s goals for a new stadium at a March 10, 2022 Metro Nashville Sports Authority Finance Committee meeting. The Titans are reportedly working with Metro Nashville officials on the design and costs for a new stadium which would be located in the parking lots outside the current Nissan Stadium.

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Former Nashville Mayor Phil Bredesen Admitted in 1997 That Direct Economic Impact Benefits Couldn’t Justify Taxpayer Funding for a Football Stadium

Former Nashville Mayor Phil Bredesen admitted in 1997 that direct economic impact benefits couldn’t justify taxpayer funding for a football stadium.

The then-Mayor Bredesen said in June of 1997, “I can’t justify building a football stadium on direct economic impact. The professors who make a living pooh-poohing that are right. But there are a lot of intangible benefits that make it more than easy to do.”

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Tennessee Titans Officials Won’t Say Whether They’ll Call Upon Nashville Taxpayers to Help Pay for Possible Replacement Stadium

Tennessee Titans officials want to renovate Nissan Stadium, but those renovations would likely cost $600 million, and now people are talking about simply constructing another stadium altogether — possibly with money from taxpayers. Nashville’s finances aren’t in the greatest shape.

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Nashville Government Dropped Nearly $10K on Celebratory Concert for Last Month’s Mass Vaccination

Nashville spent nearly $10,000 for 7 hours of live music, cheerleaders, and mascots to celebrate mass vaccinations with the now-suspended Johnson & Johnson vaccine. As The Tennessee Star reported, Mayor John Cooper announced these celebratory aspects of the mass vaccination two days before last month’s event.

According to an invoice obtained by The Star, these were costs incurred by “live music production event support.” The invoice didn’t offer any further details about those costs. The exact total came out to $9,836.47.

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Mayor John Cooper Organizes Concert, Cheerleaders for Mass Vaccination Event at Nissan Stadium

The 10,000 individuals who signed up for the mass vaccination event at the Nissan Stadium will be greeted with fanfare: live music, cheerleaders, and mascots to boot. Nashville Mayor John Cooper issued this announcement in a press release on Thursday, several days ahead of the mass vaccination event on Sunday. The release noted that the Nashville Convention and Visitors Corporation (CVC) and the Tennessee Titans would assist in putting on the “live musical performance.”

The Tennessee Star inquired with the mayor’s office about the cost of this celebratory aspect to the mass vaccination event. Cooper’s spokesperson didn’t respond by press time.

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Taxpayers Have No Idea How Much Possible Nissan Stadium Renovation Could Cost

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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Tennessee Titans and Nashville Mayor John Cooper Reportedly Discuss Nissan Stadium Upgrades

Tennessee Titans officials and members of the Metro Nashville Government reportedly want to upgrade Nissan Stadium. This, according to Thursday’s Tennessean, which reported that Titans’ officials will soon announce formal discussions with Nashville Mayor John Cooper and members of his administration. As the paper reported, they will discuss extending the city’s lease with its NFL franchise. This, “while launching a gigantic project that will – in the words of the team and Cooper himself – ‘secure the Titans’ future’ in Nashville.”

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The Tennessee Star Report: Melissa Smithson Discusses the Current Legal Status of the Nashville Fairgrounds

  Live from Music Row Tuesday morning on The Tennessee Star Report with Michael Patrick Leahy – broadcast on Nashville’s Talk Radio 98.3 and 1510 WLAC weekdays from 5:00 a.m. to 8:00 a.m. – Leahy welcomed in-studio guest Melissa Smithson, Chairman of the Davidson County Republican Party to the show. During the first…

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Glover Reviews How Three Mayoral Generations of Neglect Could Affect Water Rates

Monday morning on The Tennessee Star Report with Michael Patrick Leahy – broadcast on Nashville’s Talk Radio 98.3 and 1510 WLAC weekdays from 5:00 am to 8:00 am – Leahy and Carmichael were joined in studio by Metro councilman, Steve Glover who broke down the financial situation in Nashville’s water department and how the past three administrations may have brought the city to its fiscal knees.

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Columnist: Major League Soccer Could Have Played in Nissan Stadium Instead

Nissan Stadium

If members of the Nashville Metro Council wanted to save taxpayers some money they would have arranged for the city’s Major League Soccer team to play in Nissan Stadium, according to a new column. This, instead, of building a pricey new stadium. Nissan Stadium, of course, is where the Tennessee…

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Kenny Chesney Comes Home to Nashville and Shatters Nissan Stadium’s Attendance Record.

Kenny Chesney came into Nashville’s Nissan Stadium with two No. 1s in the space of three weeks – sharing David Lee Murphy’s “Everything’s Gonna Be Alright,” then hitting the top of the Country Singles chart for two weeks with his own “Get Along” – and the No. 1 selling debut…

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David Lee Murphy and Kenny Chesney Celebrate Hit Song, ‘Everything’s Gonna Be Alright’

Kevin Chesney, David Lee Murphy

When CMT’s Katie Cook talked of friendship, dreams and hard work, the entire third floor of ACME Feed & Seed burst into cheers. As waiters passed trays of hot chicken’n’waffles and fried green tomatoes, David Lee Murphy and Kenny Chesney were being feted for the feel-good summer anthem “Everything’s Gonna…

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