The Metropolitan Council Agenda Item Analysis provides an excellent overview of the Nashville Sounds stadium deal—approved Tuesday—including a breakdown of the financing and risk.
This rendering from WKRN shows the proposed Sounds stadium flanked by private developments to help bear the cost.
The summary estimates an annual Metro General Fund commitment of $345,000 but that figure is heavily dependent upon the future of private development proposed by the Sounds (not the Sulphur Dell stadium) and multi-family residential development by Embrey Development Corp. The analysis states that “If one or both of those developments did not occur, Metro would not get the benefit of the TIF (Tax Increment Financing) to apply towards the debt service. The amount of money needed from the general fund annually would be increased by $1,450,000.”
View the full text of the memorandum here.
