There is an agreement in place with Nashville Mayor John Cooper to build a new stadium for the TennesseeTitans.
It will be possible to host a Super Bowl and other major events year-round at the 1.7 million square foot stadium. It will be on the east side of the stadium.
The project needs to be approved by the Metro Council.
According to reports, the ownership of the team has agreed to put up $800 million for the project. A $500 million investment by the state will be used to fund the stadium.
There is a 1% tax on hotel room rentals in Davidson County.
Nissan Stadium needs to be renovated after 23 years of use. A provision in the current lease requires the stadium's condition to be kept up to date.
The project was going to take 17 years to complete. Nissan Stadium should be renovated instead of being built a new facility which supporters say would attract more tourists throughout the year. According to a report, the Nashville Metro Council is reluctant to approve more big spending for tourism. The project is the largest in Metro history.
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