FREQUENTLY ASKED QUESTIONS
Nashville and Middle Tennessee both have a long history of supporting baseball, both at the Minor League level and with the Negro Leagues. Public support for the Sounds, Titans and Predators further demonstrates that Nashville residents support their sports teams.
The growing popularity of Nashville has led to rapid development and the relocation of numerous Fortune 500 businesses. Given market projections of continued growth many believe Nashville can support a Major League Baseball franchise that will generate positive net revenue for Major League Baseball owners and provide unmatched family experiences for our fans. The economic growth of Nashville makes it possible to develop this mixed-use development without public money.
Music City Baseball has formed a strong partnership with the Negro Leagues Baseball Museum. We believe in the mission and work of the Museum and we recognize and want to honor the contributions of the Negro Leagues to baseball and to American society. In turn, the Museum supports our mission and believes that Nashville can support a Major League Baseball franchise.
We understand there is a buy-in expansion fee to Major League Baseball owners in excess of $1 billion. Through a series of private offerings, Music City Baseball initially intends to raise more than $4.5 million to cover operating expenses for the next three years. During this initial phase we will continue our work to attract an investor or investors able to purchase the franchise.
There will be no public money used to finance the stadium. Investors will provide the funding to construct a state-of-the-art stadium to house 81+ home baseball games and serve as an entertainment venue for more intimate concerts, shows and special events. We have identified several outside investors interested in participating in this project, but we hope to raise a substantial amount, if not a majority ownership interest, from local Tennessee investors.
The Nashville Sounds are a first class organization and have been a strong community partner for Nashville. The success of the Sounds demonstrates the strong local support for baseball.
More work is needed to determine whether Middle Tennessee can support both a Major League Baseball franchise and a Triple A minor league team. We understand there are outstanding city bonds associated with the Sounds’ stadium that may be impacted if, and when, Nashville secures a Major League Baseball franchise. We intend to work with the City, Major League Baseball and the Sounds to find a mutually acceptable and beneficial outcome for all parties.
Presently Music City Baseball has no agreement or understanding with the City (nor with any private party) about a possible stadium site. While we acknowledge interest in City owned property on the East Bank of the Cumberland River east of Nissan Stadium, our renderings are for illustrious purposes only that are intended to depict one possible location. Furthermore, MCB intends to commission a feasibility study next year to help determine the viability of Major League Baseball in Nashville. The results of that study will inform where best to locate a stadium.
Music City Baseball has had informal discussions with the Mayor and his staff. There has been no commitment of support. The Administration will require additional information and time to study the best use of City property for the people of Nashville. The Mayor has expressed support for any project that generates positive net revenue for Nashville, enhances Nashville’s reputation, provides tangible benefits to the people of Nashville and that does not require public financial support.