The Tennessean, ... Speaking at the Nashville Business Breakfast last month, Cooper said fairgrounds projects cost around $43 million, not the slated $25 million. In October, Cooper told WSMV that the city has already spent the $50 million approved for both fairground upgrades and stadium infrastructure.
“We have spent close to our $50 million already on the buildings, and that is before our infrastructure obligations to prepare for the stadium,” the mayor said.
Under the approved project plan, the city would pay $225 million in revenue bonds for the 30,500-seat stadium while the team would chip in an initial $25 million capital contribution. The team has committed to cover all stadium overrun costs, and separately is tasked with covering a $150 million expansion fee with MLS.
....If sales and $1.75 ticket tax revenues fall below $4 million for the first five years of operation, or $3 million in years six through 10, Metro would be on the hook to make up the different from non-tax revenue sources. (link)
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