Report: Nashville Mayor, Titans Agree on Terms for New Domed Stadium

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After months of negotiations, Tennessee mayor John Cooper and the Tennessee Titans have agreed to a deal on a new domed stadium. 

The Titans and Cooper are expected to hold a press conference today at 2 p.m. CT which will include details on financing for the new stadium. 

The new stadium is expected to be located east of Nissan Stadium and is expected to cost around $2.2 billion. 

Yahoo Sports reported that the team will put up about $800 million of its own money, while the state will pitch in $500 million in bonds, as well as monies accrued from a one-percent tax on all hotel room rentals in Davidson County. Sales taxes from the venue and surrounding 130-acre campus will also go towards financing the stadium's construction. 

Cooper will now have to seek approval from the Metro Council, which isn't a sure thing. 

The original plans for the Titans was to renovate Nissan Stadium, but estimates were higher than originally expected. 

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