Tennessee Titans new stadium gets approval for new $2.1 BN deal: Reports
The Tennessee Titans will soon have a brand new stadium. The team's final calculation was approved on Wednesday morning in a 26-12 vote by the Nashville City Council.
The Titans' new home arena will be built on what is now the parking lot adjacent to the Nissan Stadium. The vote also means the city can begin constructing the facility on the East Bank of downtown Nashville.
According to reports, the cost of the Titans' new stadium is estimated at a whopping $2.1 billion. Interestingly, this deal will include the highest public subsidy of any stadium in U.S. history, at a cost of $1.26 billion to the taxpayers.
The stadium will also allow Tennessee the opportunity to potentially host events like the Super Bowl, the NCAA College Football National Championship Game, the Final Four, SEC Championships and other events.
The Titans are one of the few NFL teams to have never won a Super Bowl. They played in the big game once, back in 2000. However, they lost 23–16 to the St. Louis Rams.
However, a new stadium could serve as a boost for the team to end their drought.
How long will it take to build the Tennessee Titans' stadium?
Following the vote by the Nashville City Council, construction for the new Tennessee Titans stadium could begin right away. However, reports suggest that the team's new arena should be completed before the 2026 NFL season begins.
What happens to PSLs if Tennessee Titans build new stadium?
A personal seat license (PSL) grants the license of ownership to a seat to purchase season tickets every season for the life of the stadium or the expiration of the license agreement.
However, Titans fans who have purchased PSLs at the Nissan Stadium will not be able to transfer their new seats to the new stadium.