NASHVILLE - New MLS Stadium (27,500)
https://twitter.com/joeygarrisonCouncil votes 31 o 6 to approve financing for new $275M Nashville MLS stadium.
Nashville is now a frontrunner with Sacramento to be one of two MLS expansion cities awarded a franchise in December.
www.tennessean.com/story/news/2017/...ancing-275-m-nashville-mls-stadium/835596001/In a major win for Nashville's Major League Soccer expansion hopes, the Metro Council on Tuesday approved Mayor Megan Barry's financing plan for a new $275 million MLS stadium on the city's fairgrounds.
The council voted 31 to 6 to approve a plan to issue $225 million in revenue bonds for the stadium project, giving Nashville's expansion bid a critical boost as it competes against 11 other cities for an MLS franchise.
The action could make Nashville one of two favorites, along with Sacramento, to land an MLS expansion team after lead team investor John Ingram has done what several rival cities haven't — secured financing for a new stadium built specifically for soccer.
Nashville soccer fans won't know the city's fate, and whether the stadium will be built, until MLS awards two expansion cities next month.
"As stadium deals go, this is a standard-bearer," said Councilman Russ Pulley, who voted for the deal. "When you look at Nissan Stadium, Bridgestone Arena and First Tennessee Park, this deal is much better for us."
The stadium's approval, which comes just one month after the financing plan was introduced, crosses off the final box Ingram had remaining in his MLS push. It also delivers a big political win for Barry, who has worked with Ingram for the past year on the project and made it one of her top economic development undertakings.
More than 400 spectators, including many wearing Nashville Soccer Club gear, produced an overflow crowd at the Metro courthouse for the final vote.
I'm not saying this is something the school wants, but it's possible that they see this as a possible facility upgrade while freeing up land for them on a growing urban campus. Vandy isn't a large school and they rely on local fans to fill their stands, anyway, so if the location isn't that far the (possibly) improved venue experience might make the move worthwhile for them.Why would Vanderbilt leave a stadium they own to go pay rent at another stadium?
"Study co-author Lawrence Kessler, a University of Tennessee research assistant professor, said no substitution effects were examined in the economic impact report but "we tried to be as modest as possible" when making assumptions and projections."
www.tennessean.com/story/news/2017/...tadium-lawsuit-win-expansion-hopes/962242001/A Nashville judge on Monday dismissed a closely watched lawsuit against the city that sought to stop plans for a new Major League Soccer stadium at the Metro fairgrounds.
It marks an important win for Music City's expansion hopes as Nashville and three other cities wait to learn whether they've been awarded franchises.