Bye Week

October 18, 2022

We have a Metro Council meeting tonight. You can review proposed amendments and analysis of the agenda. There is a public comment period.

Yesterday, the mayor and the Titans announced a proposal to build a new, enclosed stadium for the Titans that includes a $1.3b public subsidy. It would renegotiate an existing liability under the terms of that new subsidy, which would be the largest pro football stadium subsidy on record in the U.S.

I don't yet have much to share about the terms of the deal because we haven't seen it yet, and there is apparently more to come on some proposed community benefits, as well.

We might not get an easy answer to the most important question of all: what is the actual legal liability Metro currently faces under the current lease terms.

It appears we have accepted the state's offer to issue $500m in new debt on our behalf if we create an enclosed stadium as part of the proposal.

The proposal will give us plenty to think about and discuss in terms of risk, priorities, and evaluating the quality of deals.

What's Happening

What's Coming

  • Not much of note for at least one meeting!

What I'm Hearing

  • Salemtown residents were more frustrated than maybe ever before by the impact of Oktoberfest, with the 5k trapping motorists in the neighborhood with no outlet and a large number of cars getting towed. I'm working with neighborhood leaders to try to resolve some tension and work toward significant changes next year.
  • We continue to see disturbing patterns of property crime, with a recent series of car windows getting smashed out in both Germantown and Salemtown.

What I've Been Up To

  • I enjoyed some time with family during fall break and gathering with neighbors and residents at the seemingly thousands of fall festivals in Nashville.

What You Can Do

I hope you got a chance to enjoy the weather before the cold snap.

My best ...

--

Freddie O'Connell

Metro Council, District 19

Mayoral Candidate, 2023

http://www.readyforfreddie.com

https://www.facebook.com/FreddieForNashville

https://twitter.com/freddieoconnell

615-260-0005

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