NASHVILLE, TN (WSMV) - The Tennessee Titans and City of Nashville announced that they are engaged in formal discussions regarding the future of Nissan Stadium, the Titans announced in a news release.
The discussion aims to secure the Titans’ future in Nashville and facilitate creating a new Nashville neighborhood surrounding the facility.
While preliminary talks between the Titans and previous administrations have taken place over several years, Mayor John Cooper’s administration has advanced the conversations markedly to create the framework of a solution beneficial to all parties.
“A bold vision brought the Titans to Nashville more than 20 years ago, and a renewed vision will secure the Titans’ future in our great city,” said Cooper in a news release.
The vision for the East Bank neighborhood project would foster the creation of thousands of jobs and generate millions in new tax revenue annually that would be used to mitigate the city’s direct financial burden outlined in the present lease. The development would be privately funded, and the resulting tax revenue used to fund substantial upgrades to Nissan Stadium. Current concepts for the neighborhood include gathering mixed public and private use facilities such as riverfront parks, green space, housing, officers, retail, and restaurants.
“Today is a big day for the Tennessee Titans organization as we look to the future of Nissan Stadium and the surrounding area,” said Titans controlling owner Amy Adams Strunk in a news release. “Our biggest priority throughout this process has been to envision a space that Nashvillians would be proud of, built with the community in mind. The idea of our stadium in a neighborhood where locals can live, work, and enjoy, is something we’ve been focused on for a long time.
“Not only will the project serve generations of Nashvillians to come, but it will generate the revenue needed to provide Metro with substantial financial relief. We’re so appreciated of Mayor Cooper’s enthusiasm for this project.”
In the coming weeks, leadership from both Metro Nashville and the Titans front office will continue to meet to discuss the project and lease extension further.
The plan for a vibrant neighborhood along with our city’s East Bank, bringing people closer to parks and creating opportunities for local businesses is a huge opportunity for our community,” said Cooper in a news release. “I am committed to a solution that best fits the needs of Nashville, and I know the Titans share that same commitment.”