Tennessee is known as the Volunteer State, but it’s fair to wonder whether volunteering nine figures of the public’s money is what that moniker is meant to imply.
That’s the situation the Titans are on the verge of making a reality. The city of Nashville is expected to approve $760 million in revenue bonds geared toward building a new NFL stadium, according to The Athletic‘s Daniel Kaplan. That, combined with the $500 million that’s already been approved by the state, means $1.26 billion of public funds has been earmarked for the Titans’ new home.
That would far and away break the record for the largest sports subsidy in U.S. history, a distinction currently held by the Bills and the $850 million in New York state funding for their new stadium.
The Titans and the NFL would be on the hook for $840 million, or 40% of the total cost of the project.
The Titans have called Nissan Stadium home since 1999, two years after the franchise relocated to Tennessee from Houston. The stadium was originally named the Adelphia Coliseum, and adopted its current name in 2016.
