Thursday’s Nashville East Bank Committee Meeting was scheduled to be about the city’s capital improvement obligations at Nissan Stadium.
But a portion of the meeting was ultimately a preview of a central point of the Metro City Council’s ultimate debate on approving nearly $2 billion in bonds that will be paid for with an estimated $1.5 billion in public funds for a new estimated $2.2 billion stadium.
“One thing I do want to just insert back into the conversation is that Metro’s liability, as I understand it today, is sales taxes and hotel taxes per se, and so it’s not that Metro taxpayers themselves are being asked to pay for all of that,” said Council member Brett Withers, who represents the area that includes the stadium. “I just wanted to clarify what our obligation for the city is the sales tax and hotel tax.”
