Tennessee lawmakers approved a record $52.8 billion budget on Thursday, including $500 million in bonds for a new Tennessee Titans stadium.
Slated to open for the 2026 season, the 1.7 million-square-foot, domed stadium — which could host major sporting events, including a future Super Bowl — is estimated to cost between $1.9 billion and $2.2 billion. As of August 2021, the Titans were valued at $2.6 billion by Forbes.
The Adams family, owners of the team, will contribute $700 million to the venue.
Metro Nashville will add another $700 million to the state’s $500 million.
The funds will require $55 million in annual payments.
The Titans previously considered upgrades at Nissan Stadium but also looked at building a new home due to their rising costs. The team’s lease requires the city to pay for maintenance.