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. That plan will be detailed on Thursday, Oct. 20.
· Local businesses, goods, and labor will be prioritized in construction and vendor contracts.
· Costs of stadium-related infrastructure and demolition of the old stadium are 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.