A terms sheet, recently sent to the Metro Council by Mayor John Cooper, offers the most in-depth look yet at negotiations between the city and team. It is explicitly nonbinding, meant only to facilitate “ongoing discussions,” and was included in a package of documents related to a proposed $2.1 billion new stadium for the Tennessee Titans.

At its Nov. 1 meeting, the council is expected to review two associated pieces of legislation: an as-of-yet unfiled resolution endorsing the terms sheet, and an ordinance legally increasing the hotel-motel tax by 1 percent, one of the key funding mechanisms for backing up the city’s pledge of $760 million toward the new facility.

Download PDF Titans Proposed Terms Sheet

Tags

Recommended for you