The financing plan for the Tennessee Titans’ proposed $2.1 billion stadium received final approval from the Metro Nashville Council early Wednesday morning.
According to Cassandra Stephenson and Rachel Wegner of the Tennessean, the plan was approved by a vote of 26-12 following a five-hour public hearing that saw plenty of opposition to the deal.
The financing plan will use $1.26 billion in public funding, the highest total for any stadium in U.S. history. The Titans are kicking in a total of $840 million.
Also approved, by a 26-8 vote, was a resolution to start the Nashville Needs Impact Fund, something the Titans will contribute $48 million to over the course of the lease.
Per Stephenson and Wegner, the fund “can be used to support Metro departments and non-government entities in efforts to support public education, public transit, affordable housing, cultural and artistic promotion, historic preservation, environmental sustainability, gender equity in youth sports and diversity, equity and inclusion. It can also be used to support professional women’s sports infrastructure, marketing and recruitment.”
The enclosed stadium, which will be 1.7 million square feet and seat 60,000, is set to open in 2027. You can check out artist renderings of the venue here.
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