Amy Adams Strunk, the majority owner of the Tennessee Titans, announced Wednesday that her team has the funding to build a new stadium that will cost $2.1 billion.
The Titans’ new home will become the second most expensive property in the NFL, according to league reports.
“For more than 25 years, Nashville, Tennessee has been the home of the Titans and with the approval of this new stadium deal, we are grateful to know that the Titans will be a part of this great city and state for decades to come.”, he has declared. he said.
The owner’s words came after the Metro Nashville City Council on Wednesday approved $1.26 billion in public funding for the construction of the new stadium. The remaining $840 million will be provided by the team with help from the NFL.
The probable facade of the new Tennessee Titans Stadium. Credit: @Manytops
The Titans’ new home will have a translucent roof with, a capacity for 60,000 fans, and is expected to be completed by 2027.
With the construction of the property, Tennessee is expected to be considered a Super Bowl site by that date.
Initially, the Titans considered investing in the renovation of their current home, Nissan Stadium, which opened in 1999. The projected initial investment of $600 million has doubled to $1.2 billion, which is why they turned down the project to start the negotiations that ended with the approval of a new stadium.
Burke Nihill, President and CEO of the Titans, highlighted the modernity the new headquarters will bring to the city for the next three decades.
“This is a generational opportunity to address our city’s priorities and ensure its health and vitality for the next 30 years, and we are honored by the opportunity to continue to be a part of it,” said Nihill.
The $2.1 billion the Titans’ new home will cost is exceeded only by the $5 billion it cost SoFi Stadium, home of the Rams and Chargers, located in Inglewood, California, which opened in 2020.