Nashville Sports Council Readies Major Event Plan To Support New Titans Stadium
Nashville Sports Council and TransPerfect Music City Bowl President/CEO Scott Ramsey has released a statement following the release of renderings earlier this week for a proposed new, enclosed Tennessee Titans stadium.
“Since its inception, the mission of the Nashville Sports Council has always been to recruit sporting events that have a positive economic impact on the Greater Nashville area,” Ramsey shares. “In our 30 years, the Sports Council has generated $1 billion in direct economic impact while simultaneously garnering national and international media coverage.
“A new enclosed stadium will only help expand on our mission and allow us to pursue sporting events like a Super Bowl, a CFP national championship, a men’s Final Four and other events that meet venue requirements we are unable to currently fulfill,” he continues. “The new stadium could also help the TransPerfect Music City Bowl position itself within the future structure of postseason college football.”
Ramsey also touched on the Nashville community at large, in particular the funding for the proposed $2.1 billion stadium. The new stadium will be funded through numerous sources: the Titans, NFL and PSL sales, a State of Tennessee $500 million contribution, additional 1% on hotel-motel tax and sales, and use taxes collected at the new stadium and its surrounding campus.
“We encourage our Sports Council members and the Nashville community at large to join us in supporting this project by working with their local representatives,” Ramsey adds. “The Sports Council looks forward to working with the Titans organization, Gov. Bill Lee’s office, Mayor John Cooper’s Office, the Nashville Metro Sports Authority and all local and state entities as we look forward to the opportunities to host additional major sports events in Nashville.”
Last week, the Mayor’s office and the Titans officially announced an agreement for a new stadium and new lease that wouldn’t force the city’s taxpayers to foot the bill for any upgrades on the stadium. Read more about it here.
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