5/5/21 Governor Bill Lee, Lt. Governor Randy McNally, House Speaker Cameron Sexton and other leadership at the end of Session press conference

Gov. Bill Lee with legislative leaders

Gov. Bill Lee is proposing issuing $500 million in bonds for the construction of a new domed stadium and $17 million in grants to help ready the Fairgrounds Speedway in Nashville for a potential NASCAR race.

The announcement came as the governor released his budget amendment for the coming fiscal year, and the spending still must be approved by the Tennessee General Assembly. The inclusion of $500 million for a new Titans stadium confirms reporting by Axios on Monday.