On Monday, the Tennessee Titans and mayor John Cooper revealed that the 2 sides have reached a offer on a brand-new arena.
The brand-new location, which will function a clear however non-retractable dome and PSLs (personal seat licenses), will be situated to the east of Nissan Stadium and will expense $2.1 billion.
Buy Titans Tickets
The anticipated capability will be someplace inbetween 55,000 to 60,000, which is infact a 10-percent reduction from Nissan Stadium’s. Also, the playing surfacearea will be synthetic yard.
“When my dad brought this group to Tennessee 25 years ago, I puton’t believe he might have thoughtof a muchbetter house for our company,” stated Titans managing owner Amy Adams Strunk, per Jim Wyatt of Titans Online. “The method the individuals of Tennessee have accepted this group as their own is really something unique, and I am delighted that with this brand-new arrangement, we will cement our future here in Nashville for another generation.”
The initial objective was to repair Nissan Stadium up, however with the expense ($1.75-$1.9 billion) nearing what it would take to construct a brand-new arena, the 2 sides chose a brand-new location was the finest concept.
Per Wyatt, here’s a appearance at where the financing is coming from:
Sources of financing for the brand-new arena:
1) Football-Related Sources: Titans, NFL (subject to last NFL approval), and PSL sales;
2) State: a one-time contribution contingent on the structure of a brand-new, confined arena;
3) Hospitality: Tourists and visitors through a brand-new 1% hotel/mot