The investor group seeking an MLS expansion team for Nashville — one of the 12 cities actually being considered for four new franchises being awarded this year and next year, according to the league — revealed its new stadium plans on Monday: The stadium would be built on the city-county owned fairgrounds site, would hold 30,000 people (that’s a lot for MLS, which typically sticks closer to the neighborhood of 20,000 seats), and would be paid for by … let’s see … “the project still lacks a cost figure and financing plan” … keep scrolling … the mayor’s chief operating office “told council members the mayor’s office hopes to finalize stadium financing negotiations with Ingram in 45 to 60 days and file legislation for a stadium deal by October” … scroll, scroll … “The Metro Nashville Sports Authority and Metro Board of Fair Commissioners would also need to approve any financing plan, which would likely involve issuing revenue bonds” … wait, what?
Council members, getting their first crack at the looming soccer stadium debate Monday, said they plan to fully vet the project. Three council members raised a recent story from the online sports publication Deadspin that, citing work of an MLS critic, questions the business model and rapid expansion of MLS.
That would be this article by me. If anyone reading this knows more about who exactly said what, and how my article entered into it, please let me know in comments; and if anyone from the Nashville Metro council has any questions about my research, I guess drop me an email. In the meantime, beyond noting that 1) the renderings look pretty enough, though the upper deck seems unnecessarily high, especially on the side with no luxury boxes/club seats, 2) revenue bonds are fine enough if there’s some dedicated revenue to base them on, not so much if the “revenue” is tax money that may or may not be cannibalized from public tax receipts elsewhere, and 3) 30,000 seats really does seem like a lot for a small-market MLS team, guys, I’m afraid to say much about this proposal, because apparently it’s from my mouth to the council’s ear.