NASHVILLE, Tenn. (WTVF) — Officials with the Tennessee Titans confirmed they’re in talks with the City of Nashville on a plan to make upgrades to Nissan Stadium and develop an area along the East Bank.
According to a release, such conversations between the Titans' front office and the city have taken place over the years but have advanced during Mayor John Cooper’s administration.
"The discussions aim to secure the Titans’ future in Nashville and facilitate the creation of a new Nashville neighborhood surrounding the facility," according to the release.
Part of their plan includes development of the East Bank neighborhood, which officials say would create “thousands of jobs and generate millions in new tax revenue annually that would be used to mitigate the city’s direct financial burden outlined in the present lease.”
Officials say the development would be privately funded, and the tax revenue would be used to fund upgrades to Nissan Stadium. Possible plans for the development include riverfront parks, green space, housing, offices, retail and restaurants.
“The plan for a vibrant neighborhood along our city’s East Bank, bringing people closer to parks and creating opportunities for local businesses, is a huge opportunity for our community,” said Cooper. “I am committed to a solution that best fits the needs of Nashville, and I know the Titans share that same commitment.”
They’re expected to continue discussions about the project and stadium lease extension in the coming weeks.