Cooper, Titans take stadium deal to Metro Council

Mayor John Cooper and the Tennessee Titans have reached terms for a new stadium. Cooper filed an agreement between the city and team to the Metro Council on Friday afternoon, according to a press release. As of publication, the exact agreement had not yet been posted on the city’s legislative database. 

The final agreement follows more than a year of negotiations between Cooper and the team. The stadium was budgeted at $2.2 billion in last year’s Capital Improvements Budget, but contributions released today add up to $2.1 billion — either number makes the facility the second-most-expensive arena in the world. That cost is expected to be split between the state, the team and Metro, which will contribute an estimated $760 million to the total cost. The city expects to spend an additional $1 billion in infrastructure upgrades related to a complete redesign of the East Bank, which will be home to a new stadium district.