On Tuesday, Dec. 20, the Nashville Metropolitan Council voted to approve the Titans' proposed new stadium term sheet. The council also approved a one percent increase in Davidson County's hotel/motel occupancy tax to be used for stadium construction and future maintenance. The Titans released the following statement:
"For several years now, we have been searching for a responsible and sustainable solution to a growing, unfunded taxpayer liability. We're thankful for Council's support in bringing us one step closer to removing taxpayer risk from the stadium forever, while creating a long-lasting, transformational stadium that both entertains and serves its community year-round. We look forward to continuing conversations with the City, Metro Council, Sports Authority, and community as we complete discussions in the new year."
Metro Council will be asked to review final documents related to the stadium early next year.
