NASHVILLE, Tenn. (WTVF) — Mayor Briley announced on Thursday that a new agreement has been made with the Nashville Predators that, pending approval, will keep the team at Bridgestone Arena through June 2049.
The new agreements will consist of a lease between both the Metro Sports Authority and Powers Management who operates Bridgestone Arena. Additionally these agreements include a separate tenancy between the Sports Authority and the Predators.
This will also relieve Metro of any general fund obligations and make it so that all operating costs and long-term capital obligations will be the team's responsibility.
It is also stated in the agreement that the city will retain ownership of the Arena and Powers Management will become financially responsible for improvements from certain taxes and fees paid by attendees at Bridgestone.
“This is a great deal for the city and shows that we’re as committed to the Predators as they are to us,” said Mayor Briley, "The Predators are an integral part of our community, so I’m proud to say that they will be calling Smashville home for years to come.”
This 30-year lease will not only keep the Predators as an important part of Nashville's culture, but will also allow the team to strengthen its relationship with the growing fan base.
This agreement must still be approved by the Sports Authority and could be voted on at its upcoming June meeting.