The Nashville Predators have reportedly agreed terms on a 30-year contract that will see the NHL ice hockey team remain at the Bridgestone Arena.
The Tennessean said the Predators have agreed the deal with Mayor David Briley’s administration, with an official announcement due this week. However, the newspaper added that it is unclear at present whether the new agreement will commence immediately, or after the current lease deal which is due to expire in 2028.
Bridgestone Arena, which has a capacity of 17,159 for ice hockey games, opened in December 1996 and the Predators moved in two years later. The Tennessean stated a key part of the new contract will be the elimination of payments from Nashville’s general fund.
The Predators currently receive around $8.4m (£6.5m/€7.5m) per year in incentives and subsidies to aid the running of the arena and attract as many non-hockey events as possible. However, while the team will continue to receive incentives to land non-hockey events, The Tennessean said the operating subsidy that the city pays out of its general fund will be eliminated.
The Predators will continue to receive funds from ticket surcharges to pay for improvement projects at Bridgestone Arena.
Image: Nashville Predators