NASHVILLE, Tenn. (WTVF) — The Tennessee Titans have been functioning for a long time on plans to renovate their dwelling house, but now people plans have virtually doubled in cost.
As the team operates on ideas for a probable new stadium, a lot of the discussion has revolved all-around who would spend for it.
Mayor John Cooper weighed in on this debate, indicating the Titans are the accountable party driving any renovations or new building to their stadium. He clarified that Metro’s priorities stay in instruction and creating safer streets and streets, not in making stadiums.
Quite a few taxpayers proceed to fear that paying out for a new stadium would fall on them. Just previous thirty day period a spokesperson for the Titans instructed NewsChannel 5 that the ownership team is dedicated to “intensely investing fiscally in a new stadium.”
At the most new sports activities authority board assembly, Titans President Burke Nihill gave further more specifics about the team’s strategies. He claimed initial renovation expenditures had been estimated all around $500 to $600 million when styles had been drawn up in 2020. Like most things, those people charges have because enhanced — to all over $1.2 billion.
For the reason that of the legendary area, workforce officers have reported they prefer to keep the exact location downtown. They are now doing work with area officials to construct a new stadium on the parking loads in between the recent stadium and Interstate 24, with a completion date of 2026.
Mayor Cooper explained he enjoys that Nashville is an NFL town, but “fundamentally the metropolis is not in the leisure or stadium company.”
“I believe the Titans have been amazed, as all of the relaxation of us about this big increase in construction expenditures. Which is just very difficult for anybody reworking a facility or a residence, as we all know. You seriously have to sharpen the pencil and really get on it if you’re heading to be developing, building, transforming in the recent era,” claimed Cooper.
All of this comes as the city is redeveloping the East Financial institution place on the Cumberland River. Which is predicted to occur with a brand name new, multi-million dollar community in the coming years.