Titans management say a ticket tax planned to be in place next year may not even cover all the repair needs for LP Field. The state legislature passed the enabling legislation this session, and the Metro Council weighs in on the user fees as early as next month.
The Titans have asked for the Metro Council to decide – one, two or three dollars per ticket, which also includes special events held at LP Field.
The city already kicks in one-million dollars a year for maintenance of the stadium, but that covers only minimal repairs. Titans vice president Steve Underwood tells the Nashville Sports Authority three dollars per ticket would generate an additional $60 million over the next two decades.
“The long term studies that have been done on the capital expense needs for the building would indicate that will not be sufficient for the life of the lease. I’m not as convinced of that as some are.”
…but, Underwood says, still doubtful. Estimates go from $75 to $125 million. That money is needed to replace all of the seats, the jumbotrons, the audio system and even the concession stand kitchen equipment. Under the Titans lease agreement. Metro Government must cover repairs and upgrades, whether by user fees or its general fund.