The city of Nashville and Davidson County Mayor John Cooper and the Tennessee Titans announced they have agreed to terms for a new enclosed stadium that would relieve a nearly $2 billion burden on taxpayers by voiding the current lease agreement.
The renovations and maintenance of the team’s existing Nissan Stadium would cost between $1.75 billion and $1.95 billion over the remaining 17 years of the current stadium lease.
“This new stadium proposal protects Metro taxpayers by not spending a single dollar that could be spent elsewhere on our core priorities like education and public safety,” said Nashville Mayor John Cooper. “Doing nothing was not a legal option for us, and renovating the current stadium proved to be financially irresponsible, so we are proposing a new stadium paid for by the team, the state, tourists and spending around the stadium -- not by your family.”
Additionally, the team agreed to waive $32 million of outstanding bills owed by t