Taxpayers in Tennessee will be on the hook for nearly $1.1 billion in interest on the Titan's new taxpayer-funded stadium.
According to News From the States, Metro Nashville issued $705.4 million in bonds for the stadium, estimating theyāll pay $837.6 million in interest over 30 years. The state of Tennessee issued $452.7 million in bonds over 20 years, expecting to pay $230.2 million in interest.
Taxpayers in Tennessee will be on the hook for nearly $1.1 billion in interest on the Titan's new taxpayer-funded stadium.Ā
According to News From the States,Ā Metro Nashville issued $705.4 millionĀ in bonds for the stadium, estimating theyāll pay $837.6 million in interest over 30 years. The state of Tennessee issued $452.7 millionĀ in bonds over 20 years, expecting to pay $230.2 million in interest.
The bond were the final step in the deal to build a new stadium in Nashville, which was approved in 2022 by the Metro Nashville Council.Ā
The new stadium carries a price tag of nearly $2.3 billion.Ā
The Titans, which saw their value rise $900 million since the deal was sealed, as well as the NFL will contribute $840 million to the project. The team expectsĀ $350 million of its contributions by selling personal seat licenses,Ā a flat one-time fee ticketholders pay to have the right to buy season tickets.
Titan owners Amy Adams Strunk and the Strunk family will contribute less than $200 million, or less than 10 percent of the total price of the project.Ā
