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Titans Reach Agreement on Lease for New Stadium

New stadium. Who dis?

Well, it looks like the Tennessee Titans are officially getting a new home.

The NFL franchise recently reached an agreement with Nashville Mayor John Cooper on a long-term lease for a new stadium to be built in the parking lots east of the existing stadium.

Though this is a promising step towards a new stadium being built in Nashville, the investment (reportedly close to $2.2 billion) still needs approval by Metro Council. Legislation related to the term sheet should be in front of the council in the coming weeks.

“Nashville’s new stadium will be a game changer for our community,” Titans President and CEO Burke Nihill says. “Using fan and community input, we are designing a stadium inspired by the character and spirit of Tennessee.”

Nissan Stadium opened in August of 1999 and has been home to the Titans for 23 years. For more information, visit TennesseeTitans.com/NewStadium. The website allows for you to send feedback on what you’d like to see in a new stadium. 

Additional key facts

  • The new stadium will be home to up to FOUR Tennessee State University home games each year, and TSU will have a dedicated locker room in the facility. TSU will pay no rent under this new deal.
  • Venue Solutions Group (VSG) will be providing a full report to Metro Council of their findings that details their methodology and approach by November 1. A summary of their initial findings thus far was provided to Mayor Cooper Friday, at his request.
  • The new lease will run for a minimum of 30 years, and the new stadium could be ready as early as the 2026 NFL season.
  • The Titans have agreed to cover any construction cost overruns.
  • The Titans will expand their current impact programs and launch a new community benefits platform with economic inclusion, small business and workforce development and direct support for community priorities. Plan details on Thursday, Oct. 20.
  • Local businesses, goods and labor prioritized in construction and vendor contracts.
  • Costs of stadium-related infrastructure and demolition of the old stadium built into the deal.
  • The new stadium will also feature other world-class, iconic events to take place right in our backyard, such as CMA Fest, concerts, and potentially major sporting events like the Super Bowl, NCAA Playoff Games, WrestleMania and more.

 

About the Author

Michael Aldrich

Michael Aldrich is Nashville Parent's Managing and Entertainment Editor and a Middle Tennessee arts writer. He and his wife, Alison, are the proud parents of 3-year-old Ezra.