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Finance

Tennessee Titans to launch PSL registrations for new stadium

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The Tennessee Titans will open registrations next week for the PSLs that will help fund the NFL team’s new $2.1bn stadium.

The Titans have launched a new website dedicated to the Nashville stadium, which is set to open in 2027, and released a video displaying updated renderings ahead of the opening of private seat licence (PSL) registrations on August 15. At that time, fans can review categories of seating options and place a deposit on their seat preference to be applied to their future purchase or refunded if they decide against purchasing.

The PSLs – revenue from which will go towards the $640m which the Titans must put towards the 60,000-capacity stadium – are divided into three categories: Luxury Suites, Premier Suites and Reserved PSLs. The former includes 12–30 tickets in private suite with dedicated stadium entrance, in-suite catering and premium beverage offerings and year-round access to Nashville’s biggest sporting and live entertainment events. The Reserved PSL option includes flexible membership payment plans and discounts on merchandise.

The new video not only shows what the stadium will potentially look like, but also identifies its uses besides just NFL football games.

According to the new website: “This stadium wasn’t designed to look like all the others. We’re building it from scratch. We’re building it for you. It represents the very best of Tennessee: the willingness to work together when the odds are stacked against us and supporting each other along the way.

“We’ll experience our best moments here, together – strangers high-fiving amid touchdown cheers and thousands singing at the top of their lungs to the same soundtrack. Everything you love about our city you’ll find in this stadium. Because this is our town. Our time. Our team.”

The Titans must put $840m towards the project, of which $200m has been contributed by the NFL, while another $500m will come from the state of Tennessee. The remaining $760m of the $2.1bn budget will come from revenue bonds issued by the Metro Sports Authority to be repaid through levies such as hotel and stadium sales taxes.

Metro Nashville Council issued the final approval in April for the enclosed stadium set on the city’s East Bank. The plan was passed by a vote of 26-12 soon after the Metro Nashville Sports Authority, the owner and landlord of both the Titans’ Nissan Stadium and new venue, unanimously approved the agreement.

The new stadium agreement, agreed last October, includes a new 30-year lease and non-relocation agreement between the National Football League (NFL) team and the Sports Authority. Groundbreaking is expected to occur in early-to-mid 2024, with the Titans to continue to play at nearby Nissan Stadium until the new arena opens.

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