Mayor wants to keep burden off Nashville taxpayers for new stadium
NASHVILLE, Tenn. (WSMV) - State lawmakers approved a bill allowing Nashville to raise its hotel tax to help fund a new Titans stadium.
The bill now heads to the governor for his signature.
It gives the Metro Council the greenlight to raise its hotel tax by 1%.
The revenue would help pay off bonds that would be acquired to help fund building a new stadium.
Nashville Mayor John Cooper said Wednesday he wants to prevent taxpayers from having to foot the bill for a new stadium.
“What we would like, and with the support of the hospitality industry, is for that industry to co-invest with the Titans and the state tax redirect to give a new facility that takes our Metro taxpayers off the hook if we can,” Cooper said.
Cooper said currently up to $20 million to $30 million in tax money is being used to keep up Nissan Stadium.
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