500 Million for Stadium Upgrades

[*ochocincos*]

(04-26-2022, 06:36 PM)Nicomo Cosca Wrote: The Titans reportedly realized it would cost nearly as much to renovate their current stadium (that’s only 1 year older than PBS), as it would to build a brand new one. So they’re going with the latter. I would imagine Nashville has a lot more resources as a city than Cincinnati though. From the tourism money and all.

TN has increased sales tax to get extra money from tourists. No state income tax 

Here's some more details in how the stadium could be funded.
https://www.hendersonvillestandard.com/news/state/questions-remain-with-financing-of-new-tennessee-titans-domed-stadium/article_fd86286d-8435-5a43-840e-235ff42d64c7.html

Quote:After $500 million in funding for a new Tennessee Titans stadium passed Tennessee’s Legislature last week, the next step in the public funding portion of the deal will be funding from Metro Nashville.

Metro Nashville officials will need to approve a proposed 1 percentage point increase in a Davidson County hotel tax if it is signed into law by Gov. Bill Lee. The tax bill is set to be discussed by the Tennessee House on Wednesday.

The tax proposal, brought by Nashville’s hotel owners, is estimated to raise $10 million annually that Metro Nashville could use toward a $700 million commitment to a new stadium. Cost estimates for the new facility range from $1.9 billion to $2.2 billion.