Nashville’s Board of Fair Commissioners has approved a ground lease allowing city fairground property to be used for a Major League Soccer (MLS) stadium, Tennessean reported. The 30-year agreement between the fair board and the Nashville Sports Authority will lease land to the authority to build the stadium for a nominal $10 per year.
Earlier this month, the Metropolitan Government of Nashville requested bids from potential construction managers, according to the Nashville Post. The request for quotation pegged the construction budget at $190 million and target completion date of February 2021. The stadium should hold 27,500 fans with the ability to expand to accommodate 32,500, and should achieve LEED Silver certification.