Nashville, Tenn. (May 16, 2019) - Powers Management - the company which operates Bridgestone Arena - and Metro Nashville and the Sports Authority are proud to announce a proposed new lease, pending approval by the Metro Nashville Sports Authority, that relieves taxpayers of financial responsibility for Bridgestone Arena. At the same time, the Sports Authority will execute a tenancy agreement with the team that ensures Nashville's team, the Nashville Predators, will remain at Bridgestone Arena for the next 30 years. This continued partnership between the team, Bridgestone Arena, the city and Metro Sports Authority will ensure continued growth and development of the facility through funding generated by event users, all while relieving Metro and taxpayers of financial responsibility.
"We are most appreciative of Mayor Briley, the Sports Authority and Metro's support and partnership," Predators CEO and President Sean Henry said. "The rise of our franchise and arena growth since the last agreement in 2012 are testaments to a model of public-private partnership and a community-wide embrace and passion for the Predators. Bridgestone Arena is the envy of our industry and could not be what it is today without so many partners coming together to maximize its value, economic impact and benefit to the community. This is exactly where we want to be - in the center of downtown and playing an integral role in our community's growth and development for the next 30 years. This partnership will allow us to book the best of the best events that appeal to all corners of our community, allow the Nashville Predators to thrive in Smashville and allow Powers Management to maintain the building in a world-class way while freeing Metro's operating and capital budgets of any and all financial obligations."
Bridgestone Arena, Metro Nashville Reveal Proposal for New 30-Year Lease
Agreements Keep Preds at Bridgestone Arena Through 2049 While Relieving Metro and Taxpayers of Financial Responsibility
© John Russell