The Nashville Sports Authority approved upgrades to club level seating at the city-owned Sommet Center Friday. The vote went against the recommendation of Metro attorneys.
The Predators want to create 130 premium seats that go for $20,000 a piece. The hockey team’s president of business operations Ed Lang says he isn’t asking the city to pay for the $500,000 renovation.
“So if that area is a big flop, that’s our risk. That’s our exposure and we’ll continue to ensure that the Sports Authority continues to get their share of the revenue that’s currently being generated in that area.”
But if all goes according to plan, the so-called “Reserve at Sommet Center” would create at least an extra million dollars in ticket revenue each year. Lang says the team would rather not split the earnings with Metro Government as spelled out in the lease.
The Sports Authority hasn’t signed off on any changes to the revenue sharing. That’s why Metro Legal suggested the body defer a vote. But Lang said the team had to order materials next week in order to complete renovations by the season opener. Sports Authority members went ahead and approved the deal and will revisit the revenue sharing at a later date.