Nashville mayor Megan Barry has announced a US$250m MLS stadium project, reports MLS Soccer. The project would see construction of a 27,500-seat stadium as part of the city’s expansion bid.
MLS Soccer cites a report from the mayor’s office calling for three sources of funding – private funds and revenues would equate to 90% of the stadium cost, with an MLS ownership group responsible for lease payments on the facility.
The project, which Barry also tweeted would be contingent on the MLS awarding Nashville an expansion franchise, would see the stadium open in 2021. Investor John Ingram’s group would cover the expansion fee – thought to be around US$150m. Nashville is one of 12 teams competing for two franchises to start play in 2020.
October 4, 2017