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Nashville Stadium Bond Deal Tests Future of Spectator Sports

  • Local agency selling $225 million of bonds for soccer stadium
  • 10-year debt early offer at 130 basis points over Treasuries
Atlanta United v Nashville SC

Photographer: Brett Carlsen/Getty Images

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America’s country-music capital is making a bet on the world’s most popular sport.

A Nashville, Tennessee agency is selling $225 million of bonds to finance the construction of a 30,000-seat Major League Soccer stadium in Music City, anticipating it could be a boon once spectator sports emerge from the pandemic. Local officials have faith that it will: the Metropolitan Government of Nashville and Davidson County agreed to step in if revenue from the stadium isn’t enough to cover the debt payments, insulating bondholders from risk.