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Praises Senate Finance Committee for pulling taxpayer financing for new Titans stadium from bond bill
NASHVILLE, Tenn. – Americans for Prosperity-Tennessee (AFP-TN) today praised the Senate Finance Committee, Senate Majority Leader Jack Johnson, and Senator Joey Hensley for pulling half a billion in taxpayer financing for a new Titans stadium from the bond bill.
The governor’s budget proposal had authorized a $500 million bond for a new stadium and $55 million in debt service to assist with the financing.
AFP- TN State Director Tori Venable released the following statement:
“Taxpayer-funded sports arenas are a boondoggle, and Tennesseans know it. We are glad to see the Senate Finance Committee reject this outrageous proposal and resist the urge to build a stadium on taxpayers’ backs. We urge the House to follow suit tomorrow and remove $500 million in stadium funding from their budget. If this was such a great deal private industry would be lining up to finance a new stadium for the Titans, instead of forcing it on taxpayers.”
Venable published an op-ed in The Tennessean arguing against a new taxpayer-funded stadium.