A new Hillwood/Bellevue H.S. vs a new soccer stadium

[BirdieBelle]

Originally Posted by nashvols

After the latest negotiations, there really isn't any taxpayer burden for the soccer stadium.

The city is taking out bonds to pay for the stadium initially, but the team will be making the payments. Ingram's group will also cover cost overruns as well as extra infrastructure around the site. There was originally a provision where if the team didn't have enough ticket sales over a certain amount of time, then Metro would be exposed to that. That was taken out as well.

This was never going to be a completely city-funded project. But kudos to Cooper for really turning it into a privately funded venture (yes, there is the matter of the land deal, but that land will now generate more tax dollars than it would have previously). Take the W and start construction.

Yep. It's a very complicated project for most of us average joes to really understand, but the fact that people from other counties will travel to Nashville and spend sales tax revenue while going to games (dining out, purchasing gear, etc) means this IS a regional project that benefits Davidson County.

[GWoodle]

Originally Posted by septimus

I love soccer but honestly this is why we need the state to allow for regional authorities. Why should Metro bear the burden of the new stadium costs when the residents of surrounding counties will benefit as well? It drives me crazy to see all my Wilco friends sharing on FB "don't delay the stadium" petition yet they aren't the ones paying for it.

We already have a Metro Sports Authority in place.

1) Nissan Stadium : Titans
2) Bridgestone Arena: Predators
3) First Tennessee Park : Sounds
4) Ford Ice Center Antioch
5) Ford Ice Center Bellevue
6) New Soccer stadium

[septimus]

Originally Posted by GWoodle

We already have a Metro Sports Authority in place.

1) Nissan Stadium : Titans
2) Bridgestone Arena: Predators
3) First Tennessee Park : Sounds
4) Ford Ice Center Antioch
5) Ford Ice Center Bellevue
6) New Soccer stadium

It is METRO.. it isn't MIDDLE TENNESSEE. Wilco, Sumner, Wilson should share the burden. Maybe not 1:1 but still they benefit our stadiums.

[BirdieBelle]

Originally Posted by septimus

It is METRO.. it isn't MIDDLE TENNESSEE. Wilco, Sumner, Wilson should share the burden. Maybe not 1:1 but still they benefit our stadiums.

The Metro sports authority adds a ticket surcharge and collects state and local sales tax generated by ticket, concession and merchandise sales in the two facilities it manages, the Titans stadium and Bridgestone Arena. These revenues are used to pay Metro and the Sports Authority bond obligations on the two facilities. So it's not like non-Metro residents aren't contributing AT ALL when they "use" those facilities.

Every person who buys a ticket, no matter where they live, helps pay it back.

[JMT]

Mayor John Cooper and Nashville SC reached a new agreement Thursday on the city's Major League Soccer stadium, allowing the stalled project to move forward after a months-long deadlock.

The mayor will "immediately" green light demolition at Fairgrounds Nashville, a step he has held off on approving since October as he negotiated what he called a better deal for the city with the team's majority owner John Ingram, according to a joint statement from the mayor's office and Nashville SC.

The whole article:
https://www.tennessean.com/story/new...um/4738224002/

[GWoodle]

Originally Posted by JMT

Mayor John Cooper and Nashville SC reached a new agreement Thursday on the city's Major League Soccer stadium, allowing the stalled project to move forward after a months-long deadlock.

The mayor will "immediately" green light demolition at Fairgrounds Nashville, a step he has held off on approving since October as he negotiated what he called a better deal for the city with the team's majority owner John Ingram, according to a joint statement from the mayor's office and Nashville SC.

The whole article:
https://www.tennessean.com/story/new...um/4738224002/

https://www.newschannel5.com/news/ma...in-immediately

Also on the TV news. Tennessean is behind a paywall

It appears the new deal calls for open space between soccer & the racetrack that puts 2 30,000 seat stadiums close together. The next step to find expo space for the state fair & other uses.

[septimus]

What's the attraction to having NASCAR? I can't imagine the neighbors want it. It is loud... loud like you can hear races from miles away loud.

[mattec]

I doubt the track expansion happens. The state won't give it money and SMI wants Metro to put up $60M to make it happen. Also, the demographics of the neighborhoods around the track have changed. People buying $600K+ homes in Wedgewood-Houston aren't going to put up with the excess noise and pollution from the added race days. I know several of them have been working to eliminate the track all together.

Also, Parcel 8C will still be developed. They're just rearranging the layout of the buildings to incorporate a plaza area, probably resulting in taller buildings. The plaza won't be nearly as large as what SMI or the mayor wanted, which was the entire parcel.

[WakeMed]

Originally Posted by mattec

I doubt the track expansion happens. The state won't give it money and SMI wants Metro to put up $60M to make it happen. Also, the demographics of the neighborhoods around the track have changed. People buying $600K+ homes in Wedgewood-Houston aren't going to put up with the excess noise and pollution from the added race days. I know several of them have been working to eliminate the track all together.

Also, Parcel 8C will still be developed. They're just rearranging the layout of the buildings to incorporate a plaza area, probably resulting in taller buildings. The plaza won't be nearly as large as what SMI or the mayor wanted, which was the entire parcel.

There is a now unused 60,000 seat nascar track sitting unused in Gladeville (between Smyrna and Lebanon)

Wouldn't it make sense to re-open it instead of trying to make do with the ancient track at the fairgrounds?

[nashvols]

Originally Posted by WakeMed

There is a now unused 60,000 seat nascar track sitting unused in Gladeville (between Smyrna and Lebanon)

Wouldn't it make sense to re-open it instead of trying to make do with the ancient track at the fairgrounds?

Panattoni development owns that track and is going to develop it into a logistics park. I think Nissan is currently using it to store extra cars right now. Oh, and NASCAR has zero interest in holding any races there. That's why it failed in the first place. The interest in the Fairgrounds Speedway has to do with its history and NASCAR's desire to have more short track racing. Nashville Superspeedway was a very generic venue that offered little appeal in terms of racing and location.

Next question.