Nashville's Historic Titans Stadium Deal: A Game-Changer for Public Subsidies.

The city council of Nashville is expected to approve $760 million in revenue bonds for a new $2.1 billion stadium for the Tennessee Titans, bringing the total public contribution to $1.26 billion, the biggest sports subsidy in U.S. history. The city and state contend that developing adjacent real estate will generate tax revenue to pay for the bonds, but economists argue that it merely shifts spending around. The Titans and NFL would be responsible for $840 million of the stadium funding, or 40% of the stadium cost.