Critical vote on Tuesday for Nashville soccer stadium - WSMV News 4

Critical vote on Tuesday for Nashville soccer stadium

Posted: Updated:
Artist's rendering of the proposed soccer stadium. (WSMV) Artist's rendering of the proposed soccer stadium. (WSMV)
NASHVILLE, TN (WSMV) -

A vote set for Tuesday night may determine whether Nashville will get a Major League Soccer team.

Metro Council has to decide if it will issue $225 million in revenue bonds.

It’s the first step in securing financing for the 30,000-seat stadium.

If the MLS stadium is given the green light, the soccer complex would become the city's fourth city-owned sports facility.

Mayor Megan Barry promises big tax revenues and thousands of jobs. Critics say city spending is out of control, and soccer is the last thing Nashville needs.

“We don't have that money right now. We can't pay for it right now. We can bond it, but we don't have the money,” said Mark Cunningham with the Beacon Center.

The Beacon Center, a taxpayer watchdog group, wants the MLS stadium to be put to a public vote.

Cunningham doesn't trust that taxpayers won't end up footing some of the bill.

“Generally the government is not very good at projecting things, so my thought is it probably won't cover this,” he said.

According to a study by the University of Tennessee at Knoxville, the stadium will eventually pay for itself.

The economic impact generated by the proposed MLS stadium will come in two phases, constructional and operational.

The study shows the construction phase will bring more than 3,500 jobs in the first year, and will create over $139 million in income for state workers and business owners.

More than $18 million in tax revenue is expected.

The hope is about 27,000 fans will pack each of the 16 home games expected to be played in 2021. At $30 per ticket, that would bring in about $13 million in ticket sales.

The city also plans to use the stadium for other events, such as concerts. They say that will account for another 100,000 ticket sales yearly.

Copyright 2017 WSMV (Meredith Corporation). All rights reserved.

  • Critical vote on Tuesday for Nashville soccer stadiumMore>>

Powered by Frankly
WSMV
Powered by WorldNow CNN
All content © 2017, WSMV; Nashville, TN. (A Meredith Corporation Station) . All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.