05/18/2017 Sports Authority Meeting

05/18/2017 Sports Authority Meeting


>>YOU’D LIKE TO CALL TODAY’S SPORTS AUTHORITY BOARD OF DIRECTORS MEETING TO ORDER. IT IS AN EXCITING DAY ESPECIALLY FOR THE SPORTS COMMUNITY IN NASHVILLE. WE ARE ALL VERY PROUD OF OUR NASHVILLE PREDATORS AND I KNOW THAT WE WISH THEM CONTINUE TONIGHT AS THEY TAKE ON THE WESTERN CONFERENCE FINALS. THE APPEALS ACTION PROCESS FOR ANY ACTION OF THIS BOARD CAN BE FOUND AT THE TOP OF TODAY’S AGENDA. YOU HAVE THE MINUTES FROM LAST MONTH’S MEETINGS BEFORE YOU. ARE THERE ANY QUESTIONS, REVISIONS? . IF NOT IS THERE A MOTION TO APPROVE THE MINT? MOTION AND SECOND. ALL IN FAVOR? MINUTES ARE YOU PROVED. MONICA, WILL YOU GIVE US OUR EXECUTIVE DIRECTORS REPORT.>>GOOD MORNING, EVERYONE, THANK YOU FOR BEING HERE TODAY.>>THE AGENDA IS BEFORE YOU THIS MORNING WE HAVE TWO ITEMS THAT WILL REQUIRE ACTION BY THE BOARD. FOLLOWING MY REPORT, THE BOARD WILL BE ASKED TO CONSIDER A COUPLE OF ADMINISTRATIVE ITEMS RELATED TO THE 2017 COUNTRY MUSIC FESTIVAL AND DURING THE FINANCE COMMITTEE REPORT THERE’S A RESOLUTION TO APPROVE BRIDGESTONE ARENA’S FY 18 LIST OF PROPOSED CIF PROJECTS. AFTER THE FINANCE COMMITTEE REPORT, LAWYER I, WILL PRESENT THE LONG AWAITED FACILITY CONDITION ASSESSMENT FOR /TPHAUPLZ OF N NISSAN STADIUM, AND OUR REPORT FROM THE TENNESSEE TITANS AND THE NISSAN STADIUM U >>IT HAS BEEN A GOOD MONTH, A BUSY MONTH FOR US, EARLY SINCE OUR LAST MEETING, WE HAD THE STATE OF METRO ADDRESS, WHICH WAS A SUCCESS ON THE PLAZA. AND SEVERAL OF YOU WERE ABLE TO MAKE IT OUT, AND WE REALLY APPRECIATE THE WORK, THE COOPERATION OF THE PREDATORS, BECAUSE IT REALLY WAS A GREAT EVENT. ALSO WE HAD OUR BUDGET HEARING WITH THE METRO COUNCIL AND WOULD LIKE TO THANK YOU ALL FOR YOUR SUPPORT. ALL OF OUR FACILITIES CAME AND WERE AVAILABLE AND WE APPRECIATE THAT BECAUSE WE KNOW YOUR TIME IS VERY SPECIAL.>>THE MAIN THING AWANT TO SHARE WITH YOU SOMETHING THAT I SHARED WITH THE FINANCE COMMITTEE IN OUR MEETING ON MONDAY, AND THAT’S THAT OUR PUBLIC INVESTMENT PLAN WAS FUNDED. THIS YEAR, WE ARE VERY VERY EXCITED ABOUT THAT. IT WAS A SMALL HANDFUL OF PIPS, AND WE ARE EXCITED AND INCREDIBLY THANKFUL TO OUR FACILITY PARTNERS AND THE NASHVILLE SOUNDS AND AS WELL AS OUR PARTNERS, BARRY AND COMPANY, AND THE NASHVILLE BREASTFEEDING COALITION. WE’RE GLAD WE’RE GOING TO HAVE TO HAVE AN OPPORTUNITY TO SUPPORT MOMS AND BABIES BY ADDING SOME BREASTFEEDING INFRASTRUCTURE TO OUR FACILITIES AND SOME OF THE SPECIAL EVENTS HOSTED BY METRO. IF THERE ARE NO QUESTIONS, THAT CONCLUDE MY REPORT,>>.>>BELIEVE IT OR NOT, JUNE WILL BE HERE SOON, AND IT IS ALMOST TIME FOR THE CMA, FEST, AND I BELIEVE WE HAVE A COUPLE OF ACTION ITEMS.>>WE LOAD IN ON TUESDAY. SO IT IS HERE, AND IT IS FAST.>>LET ME GIVE A LITTLE BIT OF AN INTRODUCTION. SHE IS VERY EXCITED TO BE HERE. YOU WILL REMEMBER THIS, THE – LICENSE AND MUSIC AGREEMENT BETWEEN THE PUERTO RICO AND THE CMA, TO APPROVE CMA’S CONTRACTOR. THE PUERTOSPORTS AUTHORITY IS ENTITLED TO THE GROWS RECEIPTS FROM THE PARKING AS WELL AS SOME OF THE OPERATING AND MANAGEMENT EXPENSES ASSOCIATED WITH THE PARKING LOTS. SO VILMA IS HERE THIS MORNING, ALONG WITH HER COLLEAGUES, CHRIS HARRINGTON, AND THEY WILL WALK US BRIEFLY THROUGH THE ADMINISTRATIVE PARKING EXPENSES. AND I WILL NOTE THAT THESE EXPENSES ARE SHARED BETWEEN THE CMA, YOUR NAME AND TITLE.>>VILMA, LOGISTICS >>AS MONICA EXPLAINED BEAUTIFULLY. IT TAKES QUITE A VILLAGE TO PULL OFF WHAT WE DO IN FOUR DAYS. WE HAVE ALREADY PRESOLD 4,000 PARKING SPOTS FOR THE WEEKS, AND THE GUESTS AND FANS ALREADY HAVE HANG TAGS IN THEIR HANDS AS OF LAST WEEK. THE REST OF THE SPONSOR, MANAGED BY STEWART FOR CASH LOTS. YOU SEE IN YOUR LETTER, WE USE ALL 16 OF THE LOTS SAN WE HAVE DIFFERENT HANG TAGS. SO IT IS ABOUT 50 DIFFERENT TYPES OF HANG TAGS TOTAL. I THINK THAT WE HAVE LAST YEAR, OUR REVENUE IN CASH MANAGED BY STEWART ON SITE WAS $193,620 AND THE THREE DAY REVENUE PRESOLD IS 8,008,150,000. AND WE HAVE OVER ABOUT 11,000 DIFFERENT TYPES OF PEOPLE THAT USE THE HANG TAGS. WITH THE EXCEPTION OF R, WE USE CASH. WE DID LAST YEAR, INC. SPECIFIC SPOTS FOR ADA, CASH, IN LOT K, ON THIS SIDE OF THE STADIUM, AS WELL AS WE STILL HAVE ALL OF LOT A ON THE OTHER SIDE. WHAT WE ARE ASKING IN THE EXPENSE THAT SHE SHARE IT IS $5,200,000, 1375, WHICH IS THE SHIPPING OF THOSE 3755 ACCOUNTS THAT WE WE HAVE AND TERRY ALDRIDGE OUR PARKING LOT ADMINISTRATOR, AND SHE MANAGES EVERYTHING ADMINISTRATIVE BEFORE GETTING HERE ON ONSITE WHERE STEWART MANAGES ONCE WE ARE ONSITE AND THAT IS HER CONTRACTED PAY. SO OUR TOTAL EXPENSES IS $12,400 WHICH MONICA SHARED WITH YOU IS BASICALLY WHAT WE ALL SHARE IN THAT COST. AT THE BOTTOM. AS YOU ALL MAY KNOW WE DO NIGHT ALMOST HALF OF OUR PROCEEDS TO EDUCATION. THAT IS WHY ALMOST EVERY ARTIST THAT YOU SEE OR HERE AT MUSIC FEST PLAYS FOR FREE. WE HAVE DONATED $17.5 MILLION. MOST OF THAT, 11 HAS STAYED HERE IN METRO. SO ANY QUESTIONS?>>THANK YOU, VILMA.>>I WOULD LIKE TO SAY NEXT YEAR CHRIS HERRING HAIRING TON BE MAKING THIS.>>I BELIEVE THAT WE NEED TO APPROVE THE PARKING FOR THE CONTRACTOR FOR THE 2017 FESTIVAL. MOTION TO APPROVE. IS THERE A SECOND? ANY DISCUSSION?>>I JUST NEED THE RECORD TO REFLECT THAT I RECUSE MYSELF BECAUSE OF AFFILIATIONS THROUGH THE PARKING.>>THE RECORD WILL REFLECT ONE ABSTENTION. ALL IN FAVOR. MOTION CARRIES. NEXT, I GUESS ADMINISTRATIVELY WE ALSO NEED A MOTION TO APPROVE THE EXPENSES THAT WERE RELATED. MOTION AND SECOND. ANY DISCUSSION? ALL IN FAVOR? ANY OPPOSED? MOTION CARRIES. AND NOW WE ARE ONTO OUR FINANCE COMMITTEE REPORT. OUR FINANCE COMMITTEE MET EARLIER THIS WEEK, AND I BELIEVE OUR CHAIR MARGARET BELL WILL GIVE US THE COMMITTEE REPORT.>>THANK YOU, MADAM CHAIR, AND THANK YOU TO OUR COMMITTEE MEMBERS AND THE ADDITIONAL MEMBERS OF [ INAUDIBLE ]. I VERY MUCH APPRECIATE. THERE ARE SEVERAL ITEMS THAT WE DISCUSSED AT THE MEETING, AND FIRST REGARDING NISSAN STADIUM, WE WENT THROUGH THE FINANCIALS. THEY ADDED 60 PROJECTS. THE CAP XTOOL REPORT TOTALING $165,000. AND WE WENT THROUGH SOME OF THOSE, AND ASKED QUESTIONS PARTICULARLY EXPRESSED A CONCERN ABOUT THE DOOR-PAINTING PROJECT AND ASKING ABOUT WHY THAT WASN’T MAINTENANCE. SO WE’LL BE SURE THAT THERE WILL BE SOME MORE DISCUSSION ON THAT. BUT WE REALLY DO APPRECIATE WHAT JANINE DOES, AND THE EXTENSIVE NECESSARY OF HER PREPARATION AND KNOWLEDGE, AND SO I WANT TO MAKE SURE THAT I SAY THAT PUBLICLY. THAT’S JUST VERY HELPFUL TO US, SO THANK YOU. WE ALSO LOOKED AT THE TITANS EXPENSE THAT THEY PROVIDED TO THE DELOITTE AND TOUCHE, USER FEE. THERE’S $3.50 SENT TICKET TAX THAT COMES FROM THE TITANS GAME, AND THEY PREPARED THE CERTIFICATION FROM ARE THE CEO, AND CFO, OF THE CLUB CERTIFIED THAT THE SCHEDULE IS ACCURATE AND COMPLETE AS IT WAS. THE AUDITS WERE CLEAN AND THERE WERE NO EXTENSIONS. THEY COLLECTED $1,845,306 FOR THE USER FEES FOR THE 2016 SEASON WHICH WE ARE PLEASED TO SEE. WE HAD A PROJECT REPORT, FROM LARRY, AND JORDAN, REGARDING OUR PROGRAM HERE AT NISSAN STADIUM. PHASE TWO, ON THE EAST LEVEL, THE CLUB LEVEL IS COMPLETE, AND IT INCLUDED REPLACEMENT OF 13 EXPANSION JOINTS, WEATHER PROVING — WATER-PROVING, EXCUSE ME, AND EXTENSION OF GUARD RAISE AND A SEATING AREA, AND THE FINAL INVOICES ARE COMING IN NOW, AND THERE WILL BE SOME EXCESS FUNDS AND THAT IS STILL TO BE DETERMINED. BUT WHILE WORKING ON PHASE TWO THERE WAS A NEW DISCOVERY REGARDING THE INTERNAL BUTTER. THERE WAS A FAILURE IN THE STORE AND ROOM WHICH HAD RESULTED IN WATER DAMAGE >>SO THE EARLY ESTIMATES FOR REPLACEMENT IS IN THE 50,000 TO $100,000 RANGE. SO THE RECOMMENDATION WAS THAT THE TITANS AND THE COMMONWEALTH DEVELOPMENT GROUP USE WHATEVER EXCESS FUNDING WE HAVE FIRST TO DEAL WITH THIS LEAK AND, AND IF THERE ARE ANY AVAILABLE FUNDS AFTER THAT, THAT THEY COULD BE USE THE TO PAY FOR WHAT WE’VE ALREADY APPROVED AS SOME EXPANSION JOINT TEST AREA AND STADIUM LEAK PROJECTS. WE WILL SEE IN THESE FUNDS ARE STILL AVAILABLE, AND IF NOT, THAT WILL COME OUT OF THE STADIUM CAPITAL FUND. THAT IS A GOOD UPDATE AND WE SAW PICTURES AND WE APPRECIATED THAT OF THE GUTTER FAILURE AND WE WERE ABLE TO VISUALIZE WHY THE FUND WERE NEEDED SO WE APPRECIATE THAT PRESENTATION. NEGLIGENCE WE HAD THE BRIDGESTONE ARENA CAPITAL FUNDS INVESTMENT REPORT. AND YOU HAVE A REPORT REPREPARED BY MARGARET DARBY THAT REFLECTS THE VIEW OF OUR FINANCE COMMITTEE REGARDING THESE FUNDS. UNDER THE TERMS OF THE BANK LOANS USED TO FUND CIF, METRO IS TO SUBMIT A LIST OF PROJECTS TO BE FINANCED. WITH THE PROCEEDS OF THE CIF THREE DAYS PRIOR TO THE BEGINNING OF THE FISCAL YEAR, THAT MEANS IT WOULD HAVE TO BE GIVEN TO THE BY MAY THE 31. WE OBJECT CONTAINED A LIST OF THE PREDATORS PROPOSED PROJECTS, AND THE STAFF ANNOUNCED TO THE FINANCE COMMITTEE THAT THEY WANTED TO DEVELOP A MORE DETAILED PROJECT, REGARDING THE PROPOSED PROJECTS. BUT WE WERE COMFORTABLE WITH THESE PROJECTS THAT WE PROPOSED. SO THOSE FIVE PROJECTS THAT YOU SEE AMOUNT TO ABOUT APPROXIMATELY $1.5 MILLION. IT IS THERE IN THESE RESOLUTIONS AND THEY ARE ESTIMATED AMOUNTS. WE HAD A LETTER THAT I THINK IS IN YOUR PACKET, UNDER I THINK TAB FOUR, FROM THE PREDATORS WHICH SETS OUT WHAT SOME OF THE FUTURE PROJECTS WILL BE. THESE ARE QUITE BIG PRICE TAGS THERE. SO WE’RE NOT EXPECTING NECESSARILY THAT THESE BE MADE OF THE CIF FUND PUT IT IS GOOD TO KNOW THE THINGS THAT THE PREDATORS WILL NEED IN CAPITAL FUNDS IN THE FUTURE. SO I’M NOT GOING TO READ ALL OF THIS RESOLUTION, BUT I THINK THAT IT’S HELPFUL IN CONSIDERATION IT. I WILL READ IT THE BE IT RESOLVED PARTS BECAUSE WE JUST GOT THIS IN FRONT OF US TODAY. SO I WANT TO MAKE SURE THAT EVERYBODY IS TAKING A LOOK AT IT.>>APPROXIMATELY THE CIF FUND HATS APPROXIMATELY $800,000. NOT ALL OF THE FUND ARE HERE YET, SO WE DON’T KNOW HOW MUCH FUNDS WILL BE THERE, SO THE RESOLUTION MAKES IT SUBJECT TO THE FUNDING BEING AVAILABLE, THIS IS $1.5 MILLION AND WE DON’T KNOW IF THE FUNDS WILL EVEN BE THERE. THAT IS AN APPROPRIATE PROJECTION GIVEN THE AMOUNT OF FUNDS THAT HAVE BEEN THERE EVERY YEAR. THE CAPACITY IS FIVE TIMES THE CIF OR THE PREVIOUS YEAR OR MAXIMUM OF 10 MILLION. SO THE FINANCE COMMITTEE IS COMFORTABLE WITH RECOMMENDING THESE PARTICULAR PROJECTS AT THESANTS. WE ALSO HAD MR. LACKEY THERE, AND HE INITIALLY NOTED THAT HE WANTED TO MAKE SURE THAT THE PROJECTS DID NOT BEGIN WITHOUT AVAILABILITY OF FUNDS. WE OBVIOUSLY HAD HIS INPUT. AND HE NOTE THAT HAD THE LOAN AGREEMENT IS THROUGH 2020, AND STATED THE IMPORTANCE THAT WE PAY DOWN A LOAN BEFORE AN EXTENSION NEEDS TO BE NEGOTIATED. SO WE HAD A REALLY GOOD DISCUSSION ABOUT THE CIF AND THE LOAN, AND SOME OF THE THINGS THAT WE NEEDED TO CONSIDER BEFORE GOING FORWARD. AFTER MUCH DISCUSSION, THE FINANCE COMMITTEE RECOMMENDED APPROVAL OF THE PREDATORS TOP FIVE PROJECTS CONTINGENT UPON FUNDING AVAILABILITY. SO NOW I’M GOING TO READ THE NOW THEREFORE PART AFTER MARGARET. SEASONABLY TOLD US WHERE THIS IS IS IN THE AGREEMENT AND WHY WE NEED TO BE CONSIDERING THIS RESOLUTION.>>THERE BE IT RESOLVED PURSUANT TO SECTION 8.6 OF THE AGREEMENT, THE AUTHORITY DETERMINES THAT THE FOLLOWING BUY RECOMMENDED CAPITAL IMPROVEMENT PROJECTS ARE YOU PROVED AND SHOULD PROCEED, THE BACK STAGE AREA OF BRIDGESTONE ARENA, APPROXIMATELY $700,000, RESTROOM RENOVATION, $150,000. INTERNAL, EXTERNAL, BAND STAGING WOULD HUNDRED THOUSAND DOLLARS. NEW PREMIUM HOSPITALITY SPACE ON EVENT LEVEL, $350,000. EMERGENCY BACK UP SYSTEM $100,000. BE IT FURTHER RESOLVED THAT THE DESCRIPTION OF THE FIVE CAPITAL IMPROVEMENT PROJECTS SHALL BE PROVIDED TO FIRST TENNESSEE BANK, PURSUANT TO 6.58 BETWEEN TENNESSEE BANK, AND THE AUTHORITY DATED OCTOBER 10TH, 2012. THEY FORMALLY REQUEST THAT POWERS SUBMIT PERIODIC UPDATES REGARDING THE IMPLEMENTATION OF THE CAPITAL IMPROVEMENT PROJECTS, AND THE STATUS OF FINDING OF THE CAPITOL IMPROVEMENT PROJECTS HERE IN, ADOPTED IF WE DO SO TODAY’S DATE. SO THE FINANCE COMMITTEE MOVES APPROVAL OF THIS RESOLUTION.>>THANK YOU MARGARET FOR THAT VERY HELPFUL REPORT. WE PROVE ALL OF THE WORK THAT THE FINANCE COMMITTEE IS PUTTING IN. I KNOW THAT WE HAD A NUMBER OF BOARDIMUMS BEYOND THE FINANCE COMMITTEE THAT PARTICIPATED THIS WEEK, AND SO THANK YOU VERY MUCH. SO WE HAVE A MOTION, IS THERE A SECOND FOR APPROVAL?>>SECOND.>>ANY DISCUSSION? ALL IN APPROVAL OF THE FY 18 CIF PROJECTS. ANY OPPOSED? MOTION CARRIES. AND THE RESOLUTION IS APPROVED. THANK YOU. AT THIS TIME, WE WILL DISCUSS THE FACILITY CONDITION ASSESSMENT, I BELIEVE WE HAVE LARRY ADEMA, OF COMMONWEALTH DEVELOPMENT, AND RICH RIEBLING, AND MIKE WOOLLY WITH THE SOLUTIONS GROUP AVAILABLE TO ALSO ANSWER ANY QUESTIONS. THANK YOU, LARRY.>>GOOD MORNING,>>MONICA START US OFF >>RICH TOLD ME HE WAS RUNNING LATE.>>HI.>>SO I WOULD SAY OVER THE LAST COUPLE OF YEARS, THERE HAS BEEN AN INCREASING DESIRE ON THE PART OF THE BOARD TO UNDERSTAND THE FACILITIES, AND ESPECIALLY TO BE DILIGENT IN THE CHARGE THAT WE HAVE BEEN GIVEN AND ESPECIALLY AS THE FACILITIES ABLE AND THEIR NEEDS PRESENT MORE FREQUENTLY.>>SO WE HAD MORE CONVERSATIONS WITH THE MAYOR’S OFFICE AND A FACILITY ASSESSMENT STUDY, AN ASSESSMENT OF NISSAN STADIUM AND THE BRIDGESTONE ARENA. WE THOUGHT IT WOULD BE TREMENDOUS TO THE SPORTS AUTHORITY AS WE LOOK AT MID RANGE AND LONG RANGE PLANNING. WE ARE WORKING WITH LARRY AND HIS TEAM AT COMMONWEALTH DEVELOPMENT GROUP ON THE SEAT REPLACEMENT PROJECT, AND THE EXPANSION JOINT REPAIRS AND THEY WERE ALREADY FAMILIAR WITH THE THAT STADIUM, AND ALREADY UNDER CONTRACT. WE HAD A GOOD PARTNERSHIP AND RELATIONSHIP WITH THEM. SO MADE IT A LOT OF GOT SENSE TO CONTINUE TO WORK WITH THEM. WE APPRECIATE THE WORK THAT YOU HAVE DONE OVER THE LAST YEAR WITH THE STADIUM, AND IT HAS BEEN VERY FULL TO US, AS YOU AND YOUR TEAM HAVE BOOTS ON THE GROUND IN OUR FACILITIES, AND ARE ABLE TO PROVIDE SOME EXPERTISE THAT WE MIGHT NOT HAVE. SO I WILL TURN IT OVER.>>THANK YOU, MONICA, I AM LARRY ADEMA, WITH COMMONWEALTH DEVELOPMENT GROUP. ED HENRY IS PART OF OUR TEAM, AND SITTING NEXT TO THEM IS MIKE WOOLLY WITH VENUE SOLUTIONS. WE HAVE WORKED ON THIS SINCE LAST FALL. THESE ARE BIG AND A BIT COMPLEX. I WILL TRY TO MAKE THEM AS CONCISE AND IN PRESENTATION AS I KNOW HOW TO DO AND WE WORK ON THAT. SO WE’RE GOING TO GIVE YOU AN OVERVIEW, KIND OF THE PRIMARY OBJECTIVES OF IT, HOW WE GOT TO ALL OF THIS INFORMATION, AND THE LITTLE NEXT STEPS AND HOW WE GO INTO THAT,>>SO AS MONICA MENTIONED BOTH FACILITIES ARE APPROACHING 20 YEARS. A LOT OF PEOPLE SAY 20 YEARS. 20 YEARS ALMOST. THEY’RE BIG, SOMEWHAT COMPLICATED FACILITIES THAT YOU OWN AND SOMEWHAT MANAGEMENT WE THOUGHT WITH TEN YEARS REMAINING ON THE LEASES IN THESE FACILITIES, WE HAD ALL OF THAT IN MIND, AS WE LOOKED AND WORKED WITH VENUE SOLUTIONS. NOW VENUE SOLUTIONS IS A COMPANY LOCAL TO THE NASHVILLE AREA, AND THEY SPECIALIZE IN OPERATIONS RELATED TO LARGE ASSEMBLY FACILITIES LIKE ARENAS AND STUMADIUMS. THEY’VE DONE THIS ASSESSMENT OF FACILITIES MANY TIMES BEFORE. THE PRIMARY OBJECTIVE WAYS TO SEE WHAT THE CONDITION OF THE CURRENT FACILITIES ARE. TO DETERMINE THAT, TO ENSURE THAT ALL OF THE FACILITIES, YOU KNOW, WHAT IS IT GOING TO TAKE TO KEEP THEM VIABLE, TO KEEP THEM UP TO DATE, AND NOT HAVE ANY BIG SURPRISES DOWN THE ROAD AS IT RELATES TO OPERATING THEM. WE ADDRESSED OUR RECOMMENDATIONS IN THESE REPORTS IN THREE CATEGORIES, AND I THINK THAT THIS IS REALLY KEY. THERE IS A FAIR AMOUNT THAT IS TALKED ABOUT OF OPERATIONS AND PROCEDURES WITHIN THE FACILITIES AS IT RELATES TO MANAGING AND MAINTAINING THE FACILITIES. WE ADDRESS SOME MAINTENANCE RECOMMENDATIONS IN THESE REPORTS, AND THEN WE FORECAST AND RECOMMEND CAPITAL IMPROVEMENT ITEMS OVER BY YEAR OVER 20 YEARS, SO WHEN YOU LOOK AT THESE NUMBERS, LOOK WITH YOUR EYES OVER 20 YEARS, IT IS A LONG PERIOD OF TIME. BUT SPECIFICALLY WE FOCUS ON YEARS, 1 THROUGH 5. YEARS 6 THROUGH 10, AND THEN BEYOND. SO I THINK THAT’S KIND OF A KEY CRITICAL COMPONENT. NOW, WE CONTRACTED WITH VENUE SOLUTIONS, THEY IN TURN BROUGHT IN EIGHT FIRMS THAT ARE TRULY EXPERTS IN THESE KINDS OF BUILDINGS AND ABOUT 20 INDIVIDUALS, AND WE BLITZED LITERALLY EACH BUILDING. WE LOOKED AT THE ARCTIC UREAND INTERIORS OF THE BUILDING, ALL OF THE MAJOR SYSTEMS, ELECTRONICAL, PLUMBING, FIRE, ROOFS, VERTICAL TRANSPORTATION, WHICH MEANS ELEVATORS, HE IS CA LATE ORS, ALL OF THE FOOD SERVICES, AND THE PLAYING FIELD AT THIS FACILITY OBVIOUSLY. WE STARTED WITH THE CONSTRUCTION PROCESS, WITH THE FOOTINGS AND FOUNDATIONS AND ENDED AT THE ROOF AND EVERYTHING IN BETWEEN. WE ASSESSED ALL OF THOSE KEY COMPONENTS. EACH SUBCONSULTANT THEN PASSED THEIR REPORTS AND RECOMMENDATIONS UP TO MIKE. HE COMPILED THESE DOCUMENTS WHICH TOTAL ABOUT 400 PAGES WHICH I KNOW THAT MONICA HAS READ FROM COVER TO COVER. SO IN DOING THIS, OBVIOUSLY WE DIDN’T DO THIS ALONE, WE DID IT WITH BOTH FACILITIES, WITH THEIR FACILITY STAFFS, AND MANAGEMENT TEAMS. AGAIN, WE FOCUSED ON THESE AREAS. THEY HAVE SEEN THESE REPORTS, BOTH FAST EAST HAVE. SO WE’RE MOVING FORWARD. WE’RE FORMALLY PRESENTING THEM. I KNOW THAT YOU HAVE BEEN GIVEN EXECUTIVE SUMMARIES, AND SUMMARIES OF SOME OF THE CAPITOL NEEDS, AND THESE FOUR VOLUMES ARE AVAILABLE SHOULD YOU WISH TO LOOK AT THEM. AND THEN THE BIG QUESTION IS, WHAT ARE THE NEXT STEPS. WHAT WE SEE HAPPENING IS TO TAKE THIS INFORMATION NOW TO SIT DOWN WITH THE RESPECTIVE FACILITIES UNDERSTANDING THAT THE LEASES AND SOME OF THE CONTRACTUAL ARRANGEMENTS FOR EACH BUILDING IS A LITTLE BIT DIFFERENT AND START TO CRAFT A PLAN, THAT LOOKS AT — SOME THINGS GROWING TO BE EASY TO DO, AND I HAVE SOME EXAMPLES IN A LITTLE BIT OF THAT. OPERATIONALLY, AND PROCEDURES, KIND OF EASY, SOME MAINTENANCE THINGS, AS THE BUILDINGS ABLE, WE HAVE TO UP THE ANTION ELEVATORS AND ESCALATORS, THEIR LIFE IS ABOUT 20 PLUS YEARS, THEY’RE STARTING TO PUSH THAT, AND CHECK THEM MORE OFTEN AND MAKE SURE THAT THEY’RE IN GOOD SHAPE. AND DRAFT WHAT NEED TO BE FIXED AND REPLACED. THAT WILL TAKE A LITTLE BIT OF TIME U AS YOU LOOK AT THE CAPITAL ITEMS IN THIS. IT WILL PROBABLY BREAK DOWN IN THE THREE BROAD CAPTAINAGORIES. SOME OF THE CAPITAL WILL COME FROM THE OPERATORS AND FACILITIES. SOME IN THEIR VARYING DEGREES OF THIS, THE FOOD SERVICE PROVIDERS HAVE GOT EQUIPMENT HERE, AND THAT MEETS TO BE MAINTAINED OR UPGRADE. AND THEN OBVIOUSLY, THE SPORTS AUTHORITY’S CAPITAL NEEDS IN ALL OF THIS. SO OUR PLAN IS TO GO BACK TO EACH OF THE FAST TEETHES, TO SIT DOWN WITH THEM, AND TAKE THE RECOMMENDATIONS THAT WE BREAK DOWN IN GREAT DETAIL IN BOTH OF THOSE THREE CATEGORIES, AND THEN LAY OUT HOW WE’RE GOING TO ADDRESS THEM, THE WAY THAT WE’RE GOING TO ADDRESS THEM. AND SUBSEQUENT TO THAT, I HAVE BEEN ASKED TO CREATE ATTRTRACKING SYSTEM ON WHERE W ARE. THAT’S WHERE WE ARE, I’M HAPPY TO TAKE SOME QUESTIONS, I HAVE SOME EXAMPLES OF THESE VARIOUS AREAS IF THAT’S HELPFUL. LET ME PAUSE HERE AND JUST SEE WHAT QUESTIONS THERE ARE.>>TELL SUSABOUT THE NUMBERS. THE NUMBERS ARE THE CAPITAL FORECAST. WE DIDN’T BREAK IT DOWN WHOSE RESPONSIBILITY IT WAS, THAT’S GOING TO TAKE A LITTLE BIT OF TIME. BUT OVER THE LIFE OF THE PROJECT THAT’S AT THE ARENA, WE’RE LOOKING AT $184 MILLION OVER 20 YEARS OR SO, AND NOT QUITE 300 MILLION AT THE STADIUM. NOW BREAK THAT DOWN, THOSE ARE BIG NUMBERS, BUT ANNUALLY IT PROBABLY COMES TO 8 TO $12 MILLION PER FACILITY PER YEAR WHEN YOU KIND OF LAY IT OUT. THERE ARE UPS AND DOWNS ON THAT. AS THE SIZE OF THE EQUIPMENT HAS TO BE REPLACED, THEY MAY HAVE AN AREA OR TWO THAT IS BIGGER. THEY ARE BIG NUMBERS AND THEY ARE BIG FACILITIES. SO AS WE ADDRESS A PLAN, THEN THAT BACKS UP INTO, WHERE ARE THOSE FUNDS GOING TO COME FROM. THAT’S WHERE THE DIALOGUE AND THE CONVERSATION IS GOING TO HAVE TO GO FORWARD WITH IT.>>HAS THERE BEEN A DISCUSSION ON HOW IT’S GOING TO BE PAID FOR?>>CAN I DEFER TO THE CHIEF OPERATING OFFICER >>I SUSPECT IT WAS DUDLEY, AND I WAS GOING TO ASK THE QUESTION.>>GOOD MORNING. IT’S BEEN A FEW MONTHS SINCE I’VE BEEN HERE, I DON’T KNOW IF THAT’S A GOOD THING OR BAD THING. LET ME MAKE A COUPLE OF BROAD COMMENTS. THE SHORT ANSWER IS WE DON’T HAVE THE ANSWER. I CAN’T TELL YOU THAT WE HAVE A PLAN ON HOW WE’RE GOING TO DO THIS. BUT I THINK THAT THE BEGINNING POINT ON THIS WAS REALLY QUESTIONS THAT WERE COMING FROM THE SPORTS AUTHORITY ABOUT THESE FACILITIES. WE ALL KNOW THAT THEY’RE GETTING OLDER. AND AS THE — ESPECIALLY AT THE STADIUM, AS THE CAPITAL REQUESTS ARE COMING IN, HOW ARE WE GOING TO ADDRESS THIS, AND MEET THESE OBLIGATIONS, IT SEEMED TO ME THAT BASED ON THAT WE OUGHT TO GET A BENCHMARK SO WE KNEW WHERE WE WERE STARTING FROM, AND THEN WE COULD SORT OF SIT DOWN WITH THE VARIOUS TEAMS AND OPERATORS, AND SORT OF FIGURE OUT HOW WE DO THIS COLLABORATIVELY AND COLLECTIVELY. AND NOW WE HAVE THAT. IT IS A BIG NUMBER CLEARLY. JUST, AS YOU MAY KNOW, I THINK MONICA HAS TOLD YOU THAT WE DID RECOMMEND AN INCREASE IN THE CAPITAL BUDGET FOR FOR NISSAN STADIUM, AND THE RECOMMENDED BUDGET INCREASES THAT TO A MILLION AND A HALF DOLLARS A YEAR. IT IS A STEP UP, NOT THE LAST STEP WE HAVE TO TAKE, BUT IT IS A STEP IN ADDRESSING SOME P YOU HAVE EXPRESSED OVER THE LAST FEW MONTHS. SO I THINK THAT WE NEED TO DO IS, AS LARRY SAID, WE NEED TO DIVIDE, START SITTING DOWN AND WORKING WITH MONICA AND OTHER REPRESENTATIVES OF THE SPORTS AUTHORITY AND FIGURE OUT WHAT OUR OBLIGATIONS ARE, WHAT ARE THE TEAM’S OBLIGATIONS, AND SORT OF START FIGURING THAT OUT. A LOT OF — YOU KNOW, WE’VE GOT ISSUES DEALING WITH THE TEAMS, AND THEIR PLANS GOING FORWARD, WHICH ARE ALL POSITIVE. YOU KNOW, EVERYBODY LIKES WHERE THEY ARE. EVERYBODY LIKES WHAT WE’RE DOING. SO IT IS A MATTER OF COLLABORATIVELY WORKING ON THAT. CLEARLY BIG NUMBERS THAT ARE GOING TO NEED FUNDS. OUR GOAL WILL BE TO LIMIT THE AMOUNT THE TAXPAYERS HAVE TO BE BURDENED WITH THIS. THESE ARE BIG FACILITIES THAT ARE IMPORTANT OUR CITY, CREATE LOTS OF ECONOMIC IMPACT. BUT OUR GOAL IS TO TRY TO DRIVE AS MUCH OF THE REVENUES GENERATED BY THE FACILITIES TO PAY FOR THE FAST EAST TO THE EXTENT THAT WE CAN. SHORTFALLS WILL HAVE TO BE MADE UP BY THE CITY AS WE GET INTO THE DETAILS. ONE THING TO REMEMBER IS IN TEN YEARS OR SO OR LESS, ALL OF THE DEBT ON THESE FACILITIES ARE PAID OFF. SO THAT IS DOWN THE ROAD, AND YOU CAN RELY ON THE REVENUE DOWN THE ROAD TO PAY FOR SOME OF THESE COSTS GOING FORWARD. THESE ARE GOING TO BE SOME OF THE DETAILS THAT WE WILL BE ROLLING OUR SLEEVES UP, AND KIND OF FIGURING OUT — LONG TERM WE HAVE A GOOD CHUNK OF REVENUE TO PAY FOR THIS. AND HOW DO WE GET TO THE INTERIM PERIOD WHERE THE BONDS ARE PAID OFF, AND THAT’S WHAT WE HAVE TO DO TO FIGURE OUT OVER THE NEXT SEVERAL MONTHS. WE ARE MORALE AND LEGAL OBLIGATIONS TO MAKE THIS HAPPEN. WE ARE OBLIGATED TO COME UP WITH A PLAN, AND AS WE HAVE IN THE PAST, AND I THINK THAT WE’VE HAD A GREAT WORKING RELATIONSHIP. AND I’VE APPEARED HERE ON NUMEROUS OCCASIONS, IT SEEMS. IT IS MY FIRST OR SECOND FAVORITE BOARD. IT DEPENDS ON THE DAY OF THE WEEK. BUT THESE ARE IMPORTANT THINGS FOR THE CITY. WE’RE GOING TO HAVE TO FIGURE IT OUT. I CAN’T TELL YOU ANSWERS TODAY, SO I DON’T HAVE A MAGIC PLAN RIGHT NOW THAT SAYS WE’RE GOING TO DO X, Y, AND Z. YOU HAVE OUR COMMITMENT THAT WE WILL FIGURE IT OUT, AND WE HAVE A GREAT WORKING RELATIONSHIP WITH MONICA AND SHE IS INVOLVED IN ALL OF THESE DISCUSSIONS AS SHE SHOULD BE. AND OVER THE MONTHS WE WILL START LAYING THINGS OUT, AS AND WE WILL GIVE PERIODIC UPDATES UNTIL WE CAN COME UP THE FINAL PLAN. THAT IS MY LONG WINDED ANSWER OF SAYING I DON’T KNOW, BUT WE’RE GOING TO FIGURE IT OUT.>>THERE WERE [ INAUDIBLE ], CAP X, PROJECTS. TOTAL APPROXIMATELY 13 MILLION THAT HAVE EITHER COMPLETED OR CURRENT OR ANTICIPATED AND WE TALKED ABOUT THIS. THIS IS SOMETHING THAT WE ASKED FOR A RECOMMENDATION ON FINANCE, I THINK BACK IN FEBRUARY OF LAST YEAR. SO IS THAT NUMBER ALSO GOING TO BE [ INAUDIBLE ].>>CATCHING UP ON THAT NUMBER, TO THEIR CREDIT, THE TITANS ARE NOT KNOCKING ON MY DOOR SAYING, A HEY, WHAT’S OUR MONEY, AND I APPRECIATE THEIR COOPERATION ON THAT. AND WE HAVE THE LEGAL OBLIGATION TO DO IT, AND WE’RE GOING TO MEET THOSE OBLIGATIONS. SO MUT PUTTING A MILLION AND A HALF OF IN THIS YEAR WAS A STEP IN THAT DIRECTION, AND I WOULD HAVE LIKED TO HAVE GONE HIGHER THAT, AND BUDGETS ARE BUDGETS, AND YOU CAN ONLY DO SO MUCH. THAT WILL BE PART OF HOW WE ADESS THIS. AGAIN, WE HAVE TO LOOK AT ALL OF THE DEBT. ARE THERE OPPORTUNITIES TO REFINANCE AND ROLL THINGS INTO IT. ALL OF THAT HAS TO BE REALLY LOOKED AT. WE HAVEN’T HAD THE TIME YET TO SIT DOWN AND DO THAT. IT’S OBVIOUSLY I ENJOY DOING THAT MORE THAN ANYTHING ELSE THAT I DO. IT IS SOMETHING THAT I LIKE TO DO AND WE’RE GOING TO DO IT. IT IS HELPFUL TO HAVE A BALLPARK NUMBER SO WE KNOW WHAT WE HAVE TO DO, AND NOW YOU CAN START PICKING THE PIECES OFF AND FIGURE OUT WHERE WE’RE GOING TO GO. AND YES, WE’RE GOING TO ADDRESS THE TITANS ISSUE. NO ONE LIKES TO HAVE OBLIGGAYINGS OUTSTANDING, WE HAVE REQUIREMENTS TO DO, AND WE WILL DO THAT.>>ARE WE LOOKING AT THIS AS A TOOL FOR US TO USE TO MAKE SURE THAT THE STADIUM AND THE ARENA ARE AT TOP NOTCH LEVELS OR IS IT GOING TO BE — WE’RE GOING TO BE FOLLOWING IT ALONG BEHIND THEIR RECOMMENDATIONS >>THIS IS A GUIDELINE TO START, AND THEN WE PRIORITIZE EACH AS THE NEED ARISES. THERE WILL BE EMERGENCIES, AS LARRY POINTS OUT YOU HAVE TO KEEP IT SIMPLE. ALL OF A SUDDEN ON YOUR HOUSE, YOU HAVE A LEAK IN YOUR ROOF, AND YOU HAVE TO GO OUT AND PUT A NEW ROOF ON. THAT IS THE KIND OF SIMILAR SITUATION HERE. WE HAVE STUFF THAT WE HAVE TO DO BECAUSE EMERGENCIES ARE GOING TO COME UP, AND THEN DAMAGE IS GOING TO BE DONE, AND THEN WE HAVE THE STUFF THAT WE WANT TO DO TO KEEP THE STADIUM IN A MODERN CONDITION. AND THEN ON THE ARENA SIDE TOO TO MEET ALL OF OUR OBLIGATIONS AND CONTINUE IT. BOTH FACILITIES, BOTH TEAMS ARE COMMITTED TO THOSE LOCATIONS AND SO THAT’S WHAT WE’RE DEALING WITH. I HATE TO GET INTO THIS, BUT EVERYBODY SAYS, BUILD A NEW FOOTBALL STADIUM. AND YOU LOOK AT THE PRICE TAG ON A NEW FOOTBALL STADIUM, AND MR. UNDERWOOD COULD TELL YOU BETTER THAN I DO. THERE’S NOTHING UNDER A BILLION DOLLAR; IS THAT RIGHT?>>YEAH.>>I NEED TO GIVE STEVE A LITTLE FACE TIME. SO THERE’S NOTHING UNDER A BILLION DOLLAR THAT HAS BEEN CONTEMPLATED IN RECENT TIMES.>>SO WHEN YOU LOOK AT 300 MILLION OR WHATEVER IT IS TO KEEP OUR STADIUM IN GOOD CONDITION, IT DOESN’T LOOK SO BAD. SOMETIMES YOU HAVE TO PUT IT INTO CONTEXT OF OTHERS, AND SO WE NEED TO — WE HAVE, YOU NO HE, WE NEED TO KEEP THESE THINGS IN FIRST CLASS CONDITION, AND THAT MEANS THAT WE HAVE TO SPEND SOME MONEY OVER THE COMING YEARS, AND WE’RE GOING TO DO THAT.>>WE ALSO HAVE MIKE WOOLLY WITH VENUE SOLUTIONS GROUP. I THINK IT WAS TOUCHED ON THAT VENUE SOLUTIONS GROUP HAS DONE OTHER ASSESSMENTS SIMILAR TO THESE MANY TIMES DO YOU MIND TALKING TO US ABOUT YOUR EXPERIENCE THAT WOULD BE HAD HE BEEN FULL.>>SURE.>>INERS EIN THE FIRST TEN YEARS WE HAVE BEEN DOING THIS, AND SINCE WE’VE BEEN VENUE SOLUTIONS GROUP, STARTING OUR SIX YEAR, WE’VE PROBABLY DONE 30 OF THESE. WE HAVE JUST COMPLETED FOR THESE, THE PNC, ARENA, WHICH IS YOUR COUNTERPART THAT IS RESPONSE FORRESPONSIBLE FOR TH OWNERSHIP OF THAT FACILITY, WITHIN THE LAST COUP EMOHE WILL OF YEARS, WE’VE ALSO DONE FED EX FOR THEM, AND AMERICAN AIRLINES ARENA FOR THE MIAMI HEAT AND MIAMI DADE COUNTY AS WELL, SO THEY COULD UNDERSTAND THE BENCHMARK, AND MOVE FORWARD IN THEIR NEGOTIATIONS AND UNDERSTAND WHAT THE NEXT 20 OR 30 YEARS WILL BE IN CAPITAL NEEDS REQUIRED. WE’VE DONE A COUPLE OF NFL STUMPS, BUFFALO BILLS, FORD FIELD. WE DID BANKER A LIFE FIELD HOUSE IN INDIANAPOLIS FOR INDIANA PACERS, AS THEY WERE TRYING TO FIGURE OUT WHAT THEIR LONG TERM PLAN WAS. THEY’RE A SIMILAR AGE AS YOU, AND ALSO TOYOTA CENTER IN HOUSTON. H WE’VE DONE A NUMBER OF NFL, NBA, AND MAND T, STADIUM, IN MAYOR LINED, WHICH IS YOUR COUNTERPART, WHICH IS RESPONSIBLE FOR THE OWNERSHIP AND MAINTENANCE OF BOTH ORAL PARK AT CAMDEN YARDS, AND MNT, STADIUM IN PARTNERSHIP WITH THE BALTIMORE RAVENS >>THANK YOU, ARE THERE ANY ADDITIONAL QUESTIONS FOR LARRY AND HIS TEAM?>>THANK YOU ALL.>>THANK YOU. APPRECIATE YOUR WORK. OUR NISSAN STADIUM IS OUR FACILITIES SPOTLIGHT THIS MONTH. I BELIEVE WE HAVE A GREAT LINEUP FROM THE TITANS ORGANIZATION AND STEVE WILL START US OFF >>ALL OF OUR GUESTS, WELCOME, WE’RE GLAD TO HAVE YOU HERE. MUCH OF OUR SENIOR LEADERSHIP IS HERE TODAY AND THEY AND PRESENTING THE REPORT. I WOULD LIKE TO MAKE A COUPLE OF QUICK OBSERVATIONS BECAUSE I KNOW THAT YOU ALL HAVE BEEN HANDED SOME VERY LARGE STUDIES THAT HAVE BEEN DONE TODAY. FIRST OF ALL, WE WOULD LIKE TO THANK THE METROPOLITAN GOVERNMENT AND ITS LEADERSHIP FOR UNDERTAKING TO DO THIS STUDY. WE KNOW THAT SOME OF THE IMPETUS OF THAT AROSE FROM THE MEMBERS OF THE SPORTS AUTHORITY. BUT DESPITE ITS LENGTH AND DESPITE THE NUMBERS, WE STILL THINK THAT NISSAN STADIUM IS A GREAT PLACE TO WATCH A FOOTBALL WHICH IS WHAT IT WAS BUILT FOR. WE’RE VERY PROUD TO CALL IT HOME, AND WILL CONTINUE TO CALL OUR HOME FOR MUCH OF THE FUTURE. SO I WOULDN’T BE TOO UPSET ABOUT THE NUMBERS AND SO FORTH. ALL OF THAT NEED TO BE PUT IN CONTEXT AND TAKEN INTO CONSIDERATION WITH A LARGER GOAL WHICH IS HAVING A PLACE TO PLAY NATIONAL FOOTBALL LEAGUE GAMES. WE STILL APPRECIATE THE WORK THAT WAS DONE AND THE LEADERSHIP THAT WAS SHOWN. LARRY, SHANK THANK YOU FOR ALL THAT YOU HAVE DONE. SECONDLY, WE WANT TO CONGRATULATE OUR FRIENDS ACROSS TOWN, THE PREDATORS IN THE PLAYOFF, AND WE’RE VERY GRATEFUL TO SHARE NASHVILLE WITH THEM, AND WISH THEM EVERY SUCCESS GOING FORWARD. AND WE ARE ARE IN THE BUSINESS OF PLAYING FOOTBALL AND WE HAVE SOMEONE HERE TODAY WHO IS GOING TO OPEN OUR REPORT FOR US, AND SOMEONE WHO I GREATLY ADMIRE, AND DOES A TREMENDOUS JOB FOR US, AND HAS FOR THE PAST 20 YEARS. MIKE KEITH WHOSE THE VOICE OF THE TITANS. U FIRST, OF ALL, I APPRECIATE MY BOSS SAYING THAT IN PUBLIC. AND GROWING UP IN FRANKLIN, WHO WOULD HAVE THOUGHT 30 YEARS AGO THAT MAY 18TH, WOULD BE AN AWESOME SPORTS DAY IN OUR COMMUNITY, SO MUCH HAS CHANGED AND ADVANCE THE. WHERE THE TITANS ARE RIGHT NOW, FOOTBALL WISE, WE HAVE A LOT OF GREAT MEMORIES TO HEADACHE IN THE NEXT FEW YEARS. AS I COME BEFORE YOU, I’M MOST PROUD THAT I HAVE TO USE THE WORD REBUILDING ANY LONG, AND THANK GOOD FOR NECESSARY FOR THAT. THE WORD THAT I USE AT THIS POINT IS SIMPLY BUILDING, OUR ENTIRE PERSONNEL AND COACHING STAFF WENT THROUGH WHAT WAS AN EXCITING 2016 FOR THE ORGANIZATION, TRIPLING THE NUMBER OF WINDS, BECOMING THE SURPRISE TEAM IN THE NFL, AND LEAVING THE YEAR NINE IN SEVEN, OUR FIRST WINNING CAMPAIGN IN SEVERAL YEARS, KNOWING THAT THE BEST IS YET TO COME, AND KNOWING THAT WE WEREN’T THERE YET. WE DIDN’T HAVE EVERY PIECE IN PLACE. SO THE ADDITIONS THAT WE WERE GOING TO GO OUT OF OUR WAY TO TRY TO MAKE WERE SPECIFICALLY ON DEFENSE, AND SPECIFICALLY ADDING TO THIS TEAM’S SPEED AND ATHLETICISM. OUR SECONDARY NEEDED WORK, AND ONE OF OUR FIRST WAS FROM THE NEW ENGLAND PATRIOTS. LOGAN RYAN, AND GIVES US A STARTING CORNER BACK WHO HAS TREMENDOUS FLEXIBILITY. AND WE WENT TO JACKSONVILLE AND GRABBED A SAFETY WHO WE NEARLY DRAFTED FOUR YEARS BEFORE, AND HE’S TAUNTED US FOR THE FOUR YEARS THAT HE PLAYED FOR THE JAGS, HIS NAME IS JONATHAN, HE’S HE’S TREMENDOUS YOUNG MAN, AND GIVES US A STARTER AT THE SAFETY POSITION TO PAIR WITH MTSU’S OWN KEVIN, GIVING US OUR BEST SAFETY ATTACK IN YEARS E WE’RE VERY EXCITED ‘THOSE PLAYERS, AND THEN WE WANTED TO ADD A LITTLE SOMETHING DIFFERENT IN OUR DEFENSIVE LINE, CECIL INVESTIGATETER WILLIAMS, WHO PLAYED IN THE SUPER BOWL TEAM IN DENVER, AND WAS ASSIGNED TO PLAY NOSE TACKLE. SYLVESTER GIVES US SOMETHING MORE THAN THE NORMAL SPACE HEATER IN THAT POSITION, AND WE HAVE A NOSE TACKLE THAT REALLIES TO THAT. OUR STAFF DIDN’T FEEL LIKE OUR SPECIAL TEAMS WERE QUITE GOOD ENOUGH. SO OUR PRO PERSONNEL STAFF WHO PUTS TO GO OUR ADVANCED GAME PLANS, WHO HAD THE BEST COVERAGE IN THE NFL, WE SIGNED BRENDAN, AND DARREN BAITS. WHO’S FROM TENNESSEE, WE’RE GLAD TO GET HIM BACK IN THE VOLUNTEER STATE TO PLAY FOR US, AND WE HAVE AN ADDITION TO OUR SPECIAL STAFF, SEVERAL MEMBERS OF OUR UNIT HAVE WORKED WITH ERIC, HE CAN RETURN KICKS, AND COVER KICKS. BUILDING, BUILDING SPECIFIC AREAS, HELPING OUR SECONDARY, HELPING OUR DEFENSIVE LINES, DOING WHAT WE NEED TO DO IN SPECIAL TEAMS WISE IN FREE AGE S THE DRAFT, FOR THE FIRST TIME IN TITANS HISTORY, WE HAD GO FIRST ROUND PICKS, AND EVERYBODY WAS EXCITED EVERYWHERE I WENT. YOU HAVE TO DRAFT A WIDE RECEIVER, AND A CORNER BACK, AND SO WE DID, WE LISTENED. JOHN ROBINSON HAD HIS OWN IDEAS ABOUT HOW IT WOULD WORK, BUT GETTING CORY DAVIS AT THE NUMBER FIVE PICK, GIVES US A RECEIVER FROM A PHYSICAL STANDPOINT LIKE WE HAVE NEVER HAD BEFORE. HE IS SIMPLY PUT, THE MOST PRODUCTIVE RECEIVER IN FBS, HISTORY, FOR 52 TOUCHDOWNS, HE IS A SPECTACULAR LACKING ATHLETE. NUMBER 18, WE GOT THE CORNER BACK FROM USC, WHO WAS ONE OF THE FIVE BEST IN THE LEAGUE. HE PLAYS OF. HE EVEN PLAYED OFFENSE FOR THE TROJANS, SO WE’LL USE BOTH OF THOSE PLAYERS, WE’LL HAVE A CHANCE TO BE ON THE FIELD FOR US IN NISSAN STADIUM ON SEPTEMBER 10TH WHEN WE HOST THE OAKLAND RAIDERS. THROUGHOUT THE REST OF THE DRAFT, THE PATTERN CONTINUED, TWO THIRD ROUND PICKS, EXCITED ABOUT TAYLOR FROM WESTERN KENTUCKY, AND EXCITED ABOUT THE TIGHT END, FROM FLORIDA ATLANTIC, HE IS BUILD LIKE DELANY WALKER, WE WOULD BE PLEASED IF HE WAS ALMOST AS GOOD AS DELANY WALKER FOR TEN YEARS. SO THE REST OF THE DRAFT THE BUILDING CONTINUED AT THE OFFENSIVE LINE, IN THE LINEBACKER POSITION, AREAS OF NEED IN THE OFFENSIVE LINE, INCLUDE BRAD SEATON, AT 335 POUNDS. YOU WILL NOTICE HIM IN THE PRESEASON, I PROMISE. YOU WILL PICK PUT NUMBER 73 QUITE ISLA I. SO WHAT YOU SEE IS THIS PROCESS GOES ON WITH BUILDING, AND WHEN WE TALK ABOUT THE EXCITEMENT OF MAY THE 18TH FOR THE TITANS OUR EXCITEMENT REALLY GETS UNDERWAY ON MONDAY WHEN WE MOVE INTO PHASE THREE OF OUR OFFSEASON PROGRAM. KNOWN AS OTA’S, ORGANIZED TEAM ACTIVITIES. WE START WITH SPRING PRACTICE WITHOUT PADS. FROM MAY 23RD #O TO JUNE THE 13TH, WE WILL ON THE FIELD 13 TIMES GETTING READY FOR OUR SEASON WITH TRAINING CAMP SET TO OPEN ON JULY THE 28. I THINK THAT THIS YEAR IS GOING TO BE A CONTINUATION OF LAST YEAR, AS WE MAKE PROGRESS, BUT WHAT WE’RE MOST EXCITED ABOUT ROSTER WISE, BECAUSE AS YOU KNOW, WE HAVE OUR QUARTERBACK, MARCUS, MARIOTA. WE HAVE A TREMENDOUS AMOUNT OF CAP ROOM. WE HAVEN’T MORTGAGED OUR FUTURE WITH DRAFT PICKS TO ACQUIRE THESE PLAYERS. THE TENNESSEE TITANS ARE GOING TO BE A FORCE IN THE AFC, SOUTH, AND WE HOPE IN THE AFC, AND THE ENTIRE NFL FOR YEARS TO COME. ONE OF THE MOST EXCITING PARTS OF MY JOB WAS THE FIRST FIVE YEARS OF THE TITANS WHERE WE HAD A CHANCE TO WIN 61 GAMES, AND HAVE SO MUCH FUN IN THIS BUILDING AND BY THE END OF LAST YEAR, WHEN WE WERE TAKING IT TO GREEN BAY, AND TAKING IT IT TO DENVER, AND BEATING HOUSTON WIN AT THE END OF THE SEASON. THAT EXCITEMENT HERE WAS BACK. WE WON OUR LAST FOUR TO PLAY HERE, AND IT FELT GOOD AGAIN. THAT’S GOING TO CONTINUE, NOT JUST FOR 2017, BUT WE FEEL LIKE FOR YEARS TO COME. OH, FOOTBALL IS HEALTHY. NO MORE REBUILDING, JUST BUILDING FROM NOW ON. IT IS AN HONOR TO BE HERE WITH YOU, THANKS FOR LISTENING TO ME, AND I’M GOING TO TURN IT OVER TO OUR SENIOR VICE PRESIDENT AND OUR CHIEF REVENUE OFFICER STEWART SPEARS, AND I THANK YOU.>>THANK YOU, MIKE. GOOD MORNING, MY NAME IS STEWART SPEARS, SENIOR VICE PRESIDENT AND CHIEF REVENUE OFFICER FOR THE TITANS. I HAD THE PLEASURE OF ADDRESSING YOU BEFORE, AND APPRECIATE THE TIME THIS MORNING. I’D LIKE TO GIVE YOU A BRIEF UPDATE OF OUR TICKETING INITIATIVES, AND PROGRESS, WE HAVE MADE UP TO THE 2017 SEASON. IN THE HEELS HOSPITALITY OF AN EXCITING 2016 YEAR, WE WALKED QUICKLY THAT OUR 2017 RENEWAL PHASE RIGHT AFTER THE FIRST OF THE YEAR. WE INITITENTIONALLY, MAINTAIN YEAR ROUND COMMUNICATION, AND INTERACTION WITH THEM THROUGH THE OFF SEASON, REAR THAN JUST SENDING BILL AND WAITING FOR THE SEASON. WE ASPIRE TO CREATE EVENTS AND OPPORTUNITIES FOR THEM TO CONNECT WITH OUR PLAYERS, COACHES, AND THE REST OF OUR ORGANIZATION FOR THEM TO FEEL A PART OF OUR TEAM, NOT JUST A CUSTOMER. THE KICKOFF FOR THESE EFFORTS WAS OUR TAIL GATE AND TUXEDOS EVENTS WE HELPED HELD IN FEBRUARY AT THE MUSIC CENTER. 9WE SAW IT AS A CELEBRATION OF THE PREVIOUS SEASON, AS WELL AS A PIVOT TO THE EXCITING POSSIBILITIES OF THE YEAR TO COME. OUR OWNERSHIP, OUR FOOTBALL LEADERSHIP, OUR PLAYERS AND OUR COACHES WERE ALL ON HAND FOR A VERY FUN EVENING OF FOOTBALL AND FELLOWSHIP. WE ALSO HAVE CONTINUED OUR 500 PRIZES CAMPAIGN, WHERE WE AWARD 500 DIFFERENT SEASON TICKET MEMBER ACCOUNTS EACH YEAR WITH ITEMS RANGING FROM AUTOGRAPHED MERCHANDISE TO TITAN APAIR TOWEL SPEAREN ESSEEX PEERIEN ESSENTIAL AGREEMENTS. SUCH AS THE MOVE I NIGHT AT NISSAN STADIUM. COFFEE WITH COACH AT ST. THOMAS SPORTS TALK, AND TITAN TALK RADIO SHOWS BOTH IN NASHVILLE AND OUT IN SURROUNDING COMMUNITIES OUR ANNUAL DRAFT PARTY AT NISSAN STADIUM,. THESE EFFORTS ARE ALL VERY INTENTIONAL IN REGARD TO STRENGTHENING THE BOND WITH OUR SEASON TICKET MEMBERS. WE SEND RENEWAL STATEMENTS OUT EACH FEBRUARY. AND OUR GOAL IS TO ASSURE THAT EACHCUSSION HER REALIZES HOW VALUABLE THEY ARE. WE DON’T TAKE THEIR COMMITMENT FOR GRANTED. WE ARE TRACKING TO FINISH WITH THE HIGHEST PERCENTAGE OF RENEWAL THAT WE HAVE HAD IN VENT YEARS. WE ARE TAKING DEPOSIS FOR GROUP TICKETS FOR THE UPCOMING SEASON, AND WORKING HARD TO PREPARE FOR OUR SINGLE GAME SALES WHICH WILL BEGIN LATER NEXT WEEK. OUR STAFF IS FOCUSED AND ENERGIZED AS WE ARE LEADING UP TO THE 2017 SEASON, AND ARE EXCITED ABOUT WHAT THE POSSIBILITIES CAN HOLD AND WONDER IF ANYBODY HAS ANY QUESTIONS. ô>IT IS REALLY MORE OF A COMMITTEE. I KNOW IN THE FINANCE COMMITTEE MEETING JANINE MENTIONED THAT YOU ARE RENEWING AT 95 PERCENT LEVELS OF THE SEASON TICKET HOLDERS AND THE NFL AVERAGES AT ABOUT 85 PERCENT, SO WE WERE IMPRESSED WITH THE WAY THE TITANS ARE HAVING THE RENEWALS FOR THE SEASON TICKETS. AND OBVIOUSLY THESE EFFORTS ARE PAYING OFF, AND OBVIOUSLY THE TEAM DOING WELL ALSO HELPS, WE WANT TO CONGRATULATE YOU ALL ON THESE EFFORTS, THE STATISTICS TICKS ARE –>>LAST YEAR WAS OUR FIRST WINNING SEASON IN A FEW YEARS, AND WE WERE EXCITED AND REWARD THEIR LOYALTY WITH THAT. AND WE ARE VERY VERY APPRECIATIVE OF THE FANS AND SEASON TICKET HOLDERS HERE IN NASHVILLE AS WELL AS ALL ACROSS MIDDLE TENNESSEE. THANK YOU GUYS.>>TENNES TINA WILL BE UP NEXT.>>GOOD MORNING, I’M TINA, AND I’M WITH THE COMMUNITY RELATION HIS DEPARTMENT. I WANT TO TALK ABOUT A FEW THINGS THAT WE HAVE DONE DURING THE OFF SEASON FOR 2017 THAT WERE ANNUAL EVENTS THAT WE ARE PROUD TO BRING TO OUR LOCAL COMMUNITY. THE FIRST ONE IS THE TENNESSEE TITANS REGIONAL SPELLING BEE. WE KICKED OFF THIS INITIATIVE IN 2016. IT IS SOMETHING THAT WE’RE VERY PROUD TO PROUD OF, AND BRINGING TO OUR SCHOOL SYSTEMS. AND THE FIRST YEAR WE DID IT, AND SO IT WAS NEW AND UNEXPECT THE. THIS YEAR THE STUDENTS WERE EXCITED, THE SCHOOLS AND ADMINISTRATORS WERE EXCITED. WE’VE GOTTEN SHOULD HAVE GOOD POSITIVE FEEDBACK FROM IT. WE ACTUALLY ADDED 11 ADDITIONAL COUNTIES TO THE SPELLING BEE THIS YEAR. WITH THE STUDENTS HAVING THE OPPORTUNITY TO PREPARE OVER THE COURSE OF THE ENTIRE SCHOOL YEAR, WE SAW THE LEVEL OF COMPETITION INCREASE AND IT ACTUALLY WENT 18 ROUNDS, AND THIS YEAR, A YOUNG LADY FROM A FRANKLIN SYDNEY IS GOING TO REPRESENT THE TENNESSEE TITANS IN THE NATIONAL SPELLING BEE IN WASHINGTON DC ON MAY 31ST, SO PLEASE TUNE IN, AND LET’S CHEER SYDNEY ON FOR THAT. THIS IS OUR THIRD YEAR HOSTING THE HIGH SCHOOL FOOTBALL RECRUITING FAIR. AND ON APRIL 25TH THIS YEAR WE HOSTED IT. THERE WERE 68 LOCAL HIGH SCHOOLS. BOTH PUBLIC AND PRIVATE PRESENT, AS WELL AS SEVERAL UNIVERSITIES. I THINK 120 UNIVERSITIES NATIONWIDE PRESENT. SO WHAT THE RECRUITING FAIR DOES IS GIVES THE OPPORTUNITY FOR OUR LOCAL ATHLETES TO GAIN EXPOSURE TO MAJOR UNIVERSITIES, SO THE COACHES COME AND SET UP SO THAT THE UNIVERSITIES CAN KIND OF GO AROUND AND TALK TO THEM ABOUT VARIOUS ATHLETES THAT ARE AVAILABLE TO GO TO THEIR UNIVERSITY. WHAT IT DOES IS IT GIVES EXPOSURE FOR THOSE STUDENTS OR ATHLETES THAT WOULDN’T OTHERWISE GET ATTENTION. SO COACHES CAN IDENTIFY THEIR STUDENTS OR THEIR ATHLETES THAT THEY FEEL SHOULD GET SOME TANKS AND TALK TO THOSE UNIVERSITIES ABOUT IT.P SO WE PROFESSIONAL TEAMS TO DO THAT. WE’VE GOTTEN SUCH TREMENDOUS FEEDBACK, AND IT IS SOMETHING THAT WE WILL CONTINUE TO DO AS PART OF OUR YOUTH AND SPORTS INITIATIVE. AND THE LAST THING THAT I WANTED TO TALK ON IS THE TITANS CARAVAN, WE HAVE DONE THIS FOR NUMEROUS YEARS, IT IS SUCH A FUN OPPORTUNITY FOR OUR PLAYERS, OUR COACHES, OUR EXECUTIVES, OUR PLAYERS TO GO OUT AND TALK TO FANS, AND GIVE THEM AN OPPORTUNITY TO TALK TO US, WE TRAVEL THE ENTIRE STATE OF TENNESSEE. APRIL 29TH THROUGH MAY 6TH, AND WE ACTUALLY GO INTO ALABAMA AND KENTUCKY AS WELL. AND SO IT’S A FUN OPPORTOPPORTUNITY FOR THE PLAYERS TO HEAR FROM THE FANS, AND TO THANK THE FANS FOR CONTINUING TO SUPPORT US. SO IT’S SOMETHING THAT WE’VE DONE FOR A NUMBER OF YEARS, AND WILL CONTINUE TO DO FOR SUBSEQUENT YEARS TO COME. ONE OF THE THINGS THAT I DIDN’T MENTION WAS OUR CONTINUAL SUPPORT THROUGH WHETHER IT’S SPONSORSHIPS AND THE USE OF OUR BRAND TO BRING AWARENESS TO VARIOUS INITIATIVES AND ORGANIZATIONS AND GROUPS THAT ARE DOING THINGS TO IMPROVE IN OUR COMMUNITY. WE’RE VERY PROUD TO SUPPORT OPPORTUNITY NOW, WHICH IS THE MAYOR’S INITIATIVE TO BRING OPPORTUNITIES TO YOUNG ADULTS OR STUDENTS FOR EMPLOYMENT, INTERNSHIP OPPORTUNITIES DURING THE SUMMER TIME.>>THAT IS IT. IF ANYONE HAS ANY QUESTIONS, I WILL BE HAPPY TO ANSWER THEM.>>I HAVE A QUESTION. THE HIGH SCHOOL FOOTBALL RECRUITING, IS THIS FOR SENIORS, OR DO THEY START AT A YOUNGER LEVEL?>>THE EMPHASIS ON SENIORS, THERE ARE OPPORTUNITIES SOMETIMES FOR HIGH SCHOOLS TO SHOW THAT WE HAVE UP AND COMING SOPHOMORES AND JUNIORS YOU MAY WANT TO GIVE EMTHAT CYST, THE WHOLE PREMISE IS TO 9GIVE SCHOLARSHIPS FOR THOSE OUTGOING SENIORS.>>DO THEY HAVE PLAYERS ATTEND OR JUST COACHES.>>THEY ARE JUST COACHES, BUT THEY BRING FILM, SO THEY WILL ACTUALLY SIT DOWN AND WATCH THEM WITH COLLEGE COACHES DURING THAT TIME.>>THANK YOU ALL SO MUCH.>>THANK YOU TINA.>>I’M JANINE KAUFMAN, CFO, WITH THE TENNESSEE TITANS, AND THANK YOU ALL FOR BEING HERE TODAY AT THE NISSAN STADIUM, AND ONE THING THAT I WANT TO TAG ONTO TITANS, WE DO HAVE THE TITANS BABY SHOWER. I HOPE EVERYONE GOT AN INVITATION FOR THAT. WE WOULD LIKE TO HAVE YOU COME OUT TO OUR FACILITY TO HELP STUFF BAGS THAT WILL GO TO NEW MOTHERS IN THE NASHVILLE COMMUNITY. LAST YEAR WE DID ABOUT 1500 BAGS. SO I THINK THAT MONICA AND HER TEAM IS SENDING OUT THE DIDN’T KNOW VITTATION TO HAVE BEEN, AND WOULD LOVE TO HAVE YOU COME OUT, AND IT’S FUN TO SEE THE PLAYERS HOLDING UP THE LITTLE ONESIES , BOX FLYNN COULD NOT BE HERE HE IS CELEBRATING HIS DATER GLAD WAIST FROM COLLEGE, AND HE WANTED ME TO LET YOU KNOW THAT HE IS MISSING YOU FOR THAT. WE WANT TO TURN TO THE NISSAN STADIUM HIGHLIGHTS. WE HAVE CMA, WITH VILMA, AND STARTING THIS TUESDAY, AND IT IS A HUGE EVENT FOR US, AND WE ARE EXCITED TO HOST THEM AGAIN. WE HAVE MONSTER JAM TWO WEEKS AFTER THAT. WE ARE CURRENTLY AT ABOUT 11,000 IN SALES FOR THAT, AND GENERALLY, WE WILL SEE THOSE SALES MOVE OVER THE NEXT MONTH. IF YOU HAVEN’T GOTTEN YOUR TICKETS, COME OUT. IT IS AN INCREDIBLE FAMILY EVENT, I HAVE NEVER BEEN TO A MONSTER JAM UNTIL PREVIOUSLY LAST YEAR, AND I’M NOT KIDDING YOU, THESE TRUCKS GO ALL THE WAY UP TO THE CLUB LEVEL. I MEAN, THEY ARE JUMPING THAT HIGH IT IS AMAZING AND SUCH A FABULOUS EVENT. THE GOLD CUP, WE FOLLOW UP WITH THAT IN EARLY JULY. THOSE TICKETS ARE MOVING LIKE HOT CAKES, IF YOU HAVEN’T GOTTEN YOUR TICKET, PLEASE DO. CURRENTLY WE ARE NUMBER TWO IN SELLING THE GOLD CUP TICKETS, RIGHT BEHIND THE FINALS. SO WE ARE MOVING TICKETS RAPIDLY AND WE’D LOVE TO GET TO 40, 45,000 FOR THAT EVENT. AND THEN WE HAVE THE ICC, GAME, WRAPPING UPPING AT THE END OF JULY, AND AGAIN THOSE TICKETS ARE GOING WELL. THOSE TICKET SALES ARE A LITTLE OVER 35,000 FOR THOSE TICKETS. WE ARE STILL HOPING TO GET A CONCERT FOR THIS YEAR, WE HAVEN’T GIVEN UP YET. SO WE ARE CONTINUING TO WORK THAT AVENUE AS WELL TO BRING A CONCERT HERE THIS YEAR. DO I HAVE ANY QUESTIONS ON USE HIGHLIGHTS AND WHAT’S GOING ON HERE AT NISSAN STADIUM? ALL RIGHT WITH THAT I’LL GO TO OUR PROJECT UPDATE. OUR SUITE RENOVATIONS ARE CONTINUING, WE ARE RENOVATING 69 SUITES IN 2017. AND TO GIVE YOU AN IDEA OF THE SIZE OF THE PROJECT, TO REDO ALL OF THE SUITES, IT IS A LITTLE OVER 11 AND A HALF MILLION DOLLARS THAT THE TITANS ARE FUNDING TO RENOVATE THOSE SUITES. THOSE ARE NOT JUST USED BY TITANS EVENTS BUT BY ALL OF THE EVENTS IN THE BILLING. WE WANTED TO LET YOU KNOW THAT THAT IS CONTINUING AND ON TRACK. WE HOPE TO HAVE THOSE COMPLETE BY THE START OF THE TITANS SEASON. THE SOUTH LAWN PROJECT, IT LOOKS AMAZING. I HAVE A PICTURE IN HERE OF WHAT IT IS GOING TO LOOK LIKE, IT WAS A LESSEE IMPROVEMENT THAT WAS BLESSED BY THE SPORTS AUTHORITY LAST YEAR, SO WE WERE WRAPPING UP COMPLETION. THIS IS A HUGE ACTIVATION AREA ON THE SOUTH LAWN, AND WE USED IT DURING OUR GAMES LAST YEAR WHEN IT WAS WITHOUT THE PAVERS, AND THIS YEAR, WE LOOKED TO REALLY ENGAGE A LITTLE BIT MORE WITH OUR FANS ON THAT SOUTH LAWN. THERE IS AN AREA WHERE YOU CAN SET UP A STAGE, AND WE DID SOME LIVE BROADCAST, I THINK THAT MIKE KEITH WAS DOWN THERE SOME, AND TITANS RADIO WAS DOWN THERE, AND WE ACTUALLY HAD A FEW BANDS. IT IS JUST A GREAT WAY TO ENGAGE THE OUTSIDE OF THE STADIUM, GET THEM OVER TO THE PROPERTY EARLY AND JUST REALLY ENJOY, AND WITH THE NEW PAVERS DOWN, IT WILL BE FABULOUS, WE FEEL LIKE IT WILL BE A DESTINATION, NOT ONLY ON EVENT DAY. IT WILL BE UTILIZED AS A PARK AREA FOR NONEVENTS FOR PEOPLE, AS YOU GUYS CAN SEE, PEOPLE RUN OVER HERE, AND REALLY JUST KIND OF COME BY THE STADIUM A LOT. IT WILL BE A REALLY GREAT AREA. THAT WAS ALSO DONE AT THE TITANS COST. AND WE’VE SPENT SOMEWHERE AROUND $400,000 ON THAT AREA.>>YES, MA’AM.>>WILL THEY BE AVAILABLE BEFORE THE SEASON STARTS, WILL IT BE AVAILABLE FOR SOCCER GAMES?>>IT WILL BE AVAILABLE. WE HOPE THAT THEY CAN USE IT THE CONKA, CAF, THEY KIND OF HAVE A PREGAME PARTY ATMOSPHERE, AND WE HOPE THAT THEY WILL SET UP SOME TENTS DOWN THERE, OR STAGE AND REALLY MAKE USE OF THAT GREAT SPACE.>>SO WHEN THERE’S EVENTS, IT IS JUST SUBJECT TO WHO’S PUTTING ON THE EVENT WHETHER OR NOT THEY WOULD UTILIZE IT, IT’S UP TO THEIR REQUEST OR –>>THEY CAN USE IT. IT IS MADE AVAILABLE THROUGH THEIR CONTRACT AND THE USE OF THE FACILITIES. SO ANYONE WHO COMES OVER, WHETHER’S CMA, WHETHER IT’S THE ICC, AND SOCCER, OR A CONCERT, THEY’RE SO WELCOME TO UTILIZE THAT SPACE.>>ONE MORE QUESTION. SO IF IT’S NOT AN EVENT DAY, YOU’RE SAYING THEY’RE TRYING TO UTILIZE IT FOR JUST THE DOWNTOWN COMMUNITY AT LARGE, HOW WOULD SOMEONE GO ABOUT IF THEY WANTED TO USE THAT.>>THEY WOULD HAVE TO CONTACT BOB FLYNN, THERE IS NO FENCING AROUND THERE, KIM, SO IF SOMEBODY IS OUT RUNNING, AND THEY WANT TO COME OVER AND TAKE A LUNCH BREAK, WE HAVE SOME BENCHES, WE DO PUT IN SOME LIGHTING FOR THE AREA FOR SECURITY PURPOSES AS WELL. BUT IT IS KIND OF OPEN, SIMILAR TO ALL OF THE PREMISES THAT ARE NONGATE AROUND THE STADIUM. DOES THAT ANSWER THAT? AND THEN THE SAFETY ACT, JUST TO KIND OF FLIP BACK. WE DID FILE OUR APPLICATION FOR THE SAFETY ACT IN LATE MARCH. THAT IS BEING REVIEWED CURRENTLY AND WE ARE STILL ON TRACK AND HOPE TO HAVE THAT DESIGNATION BY THE AUGUST 11TH GAME OF THE TITANS SEASON. WE ARE EXCITE ABOUT THAT. TO ELABORATE MORE ON THAT. THE TITANS DID HIRE A CONSULTANT TO WALK US THROUGH THE SAFETY APPLICATION BECAUSE IT IS ENORMOUS. ANYTHING WITH THE FEDERAL GOVERNMENT IS ENORMOUS. SO WE HAVE SPENT HOURS AND HOURS FILLING OUT THE SAFETY ACT APPLICATION. WE HAVE DEVOTED A LOT OF RESOURCES. STEVE UNDERWOOD HAS BEEN REALLY INVOLVED IN THAT APPLICATION, AS WELL AS OUR ATTORNEY BERT, AS YOU MAY REMEMBER, WE HIRED A FULL TIME SECURITY STAFF PERSON HERE AT NISSAN STADIUM WHO IS OUR OWN PERSON TO HANDLE SECURITY HERE. WHICH IS WHY WHEN YOU CAME TODAY, YOU HAD TO GO THROUGH THE MAGNET ONLY THOR, AND HAVE YOUR BAGS CHECKEDOMETERS, AND YOUR BAGS CHECKED, AND METRO WILL BE AN ADDITIONAL INSURED UNDER THAT PLAN, SO I THINK THAT’S REALLY GREAT FOR ALL OF US, AND I WANT TO COMMEND OUR TEAM WHO HAS WORKED ON THAT, SO IT IS A LITTLE BIT OF A BEHIND THE SCENES EFFORT THAT HAS GONE INTO THAT APPLICATION.>>AND THEN THE WATERPROOFING PROJECT, I THINK THAT LARRY KIND OF TALKED ABOUT THAT, AND HIT ON WHERE WE ARE ON THAT PROJECT. IT HAS BEEN A REALLY GOOD PLEASURE AND WE’VE JUST HAD SUCH GREAT EXPERIENCE WORKING WITH LARRY, JORDAN, ED AND THE WHOLE TEAM. DO I HAVE ANY QUESTIONS ON THE STADIUM PROJECT UPDATE BEFORE I FLIP TO THE FINANCES? ALL RIGHT, I’M GOING TO GO THROUGH THE FINANCES SOMEWHAT QUICKLY. WE DID GO INTO A GREAT DETAIL AT THE FINANCE COMMITTEE REPORT, AND MARGARET I REALLY APPRECIATED YOUR SUMMARY. IT WAS VERY ACCURATE, AND DETAILED. SO THE TICKET TAX SUMMARY, THE TICKET TAX IS DIVIDED INTO TWO DIFFERENT POTS. IT IS THE TWO-DOLLAR FEE, AND THE ONE-DOLLAR FEE, AND THIS IS A TAX PAID BY THE USERS OF THE BUILDING. SO THE GO-DOLLAR TAX, IT WAS USED TO FUND THE BONDS IN 2012. THESE BONDS WERE USED FOR THE NEW RIBBON BOARDS, THE SOUND SYSTEM, THE NEW CONTROL ROOM, THE ELEVATORS, THE ELEVATORS THAT ARE EXPRESS ELEVATORS THAT GO ALL THE WAY UP TO THE UPPER DEGREES, AND SOME OF OUR FAN ZONES WITHIN THE BUILDING. YOU CAN SEE THAT THAT FUND IS CURRENTLY SITTING AT $497,000. SO WE HAVE BEEN ABLE TO EASILY PAY FOR THE DEBT SERVICE ASSOCIATED WITH THOSE BONDS. THE NEXT FUND IS THE DOLLAR FUND. THE DOLLAR FUND IS THE ONE THAT WAS JUST ISSUED IN 2015, AND IT IS THE MONEY THAT HAS BEEN UTILIZED BY LARRY AND HIS TEAM TO REWORK AND REPLACE ALL OF THE SEATS IN THE STADIUM AS WELL AS REPAIRING THE CONCRETE AND TOGETHER SOME OF THAT WATERPROOFING HERE IN THE STADIUM. AS LARRY MENTIONED, THEY’RE WRAPPING UP THAT PROP, AND HAVE JUST DONE A FABULOUS JOB, AND I WILL SAY THAT I THINK THAT THE SEATS LOOK AMAZING, THEY LOOK SO GOOD INSIDE THE STADIUM, HAVING THAT FRESH BLUE POP, INSTEAD OF PINK, AND THE OTHER THING IS THAT WE DON’T HAVE ANY ONE SEAT WHO IS BREAKING, WE DON’T GET ANY CALLS THAT SAY THAT IN THIS ROW, AND SECTION, THEIR SEAT IS BROKEN, THAT HAS BEEN A REAL WIN FOR OUR FANS. AND THE NEXT IS THE TICKET TAX PAID TO AT THE SAME TIME WE’VE PUT IN THE USERS OF THE BUILDING HAVE PAID IN ABOUT 17.5 MILLION, AND THERE IS ANOTHER SUPPLEMENTAL PAGE THAT WAS SENT OUT TO YOU GUYS AS WELL THAT DETAILED OUT HOW THAT WAS PAID BY WHAT EVENTS, WHO HAVE BEEN IN THE BILLING SINCE 2010. I DID TAKE QUICK PEN TO PAPER THIS MORNING, AND TOOK A NOTE THAT THE TITANS PIECE OF THE 17.5 MILLION IS ABOUT 68 PERCENT. SO THE TIGHT AS GAMES HAVE CONTRIBUTED ABOUT 68 PERCENT TO USER FEE, WHILE THE NONFOOTBALL EVENTS HAVE ACCOMPANIED THE OTHER PIECE AND SO I THINK THAT MARGARET AT THE FINANCE COMMITTEE WE CERTAINLY HAD A DISCUSSION ABOUT WHAT WE WERE DOING TO BRING IN NONFOOTBALL EVENTS, AND I THINK THAT THAT PERCENTAGE SHOWS THAT ALTHOUGH WE ARE PAYING THE MAJORITY OF THE USER FEE, WE ARE REALLY TRYING TO BRING THOSE ADDITIONAL EVENTS IN, AND CONTINUE TO HAVE THE USERS OF THE BUILDING PAY FOR A LOT OF THE IMPROVEMENTS. THE NEXT SLIDE IS THE USER FEE REPORT. THIS IS WHAT THE TITANS ARE PAYING IN FOR THE 2017 SEASON. WE’RE PAYING IN MONTHLY INSTALLMENTS WHICH IS $162,000. AND THEN ONCE THE GAMES ARE ACTUALLY ARE PLAYED, WE TRUE THAT UP AND PAY IN THE ACTUAL, ONCE THE GAME IS PAID IN AND THAT BOX OFFICE STATEMENT HAS ISSUED. AS MARGARET MENTIONED WE DID HAVE THE USER FEE REPORT AUDIT WHICH WAS COMPLETE FOR 2016. WE DID GET A CLEAN OPINION ON THE AGREED UPON PROCEDURES AUDIT. JUST TO LET EVERYONE KNOW, WE DID GENERATE MORE USER FEE IN ’16, THAN WE DID IN ’15 BY ABOUT $58,000. SO TO STEWART’S POINT OF THE YEAR, THE YEAR AROUND TICKET RENEWAL PROCESS, ABOUT REALLY ENGAGING OUR FANS YEAR AROUND, IT IS PAYING OFF, AND WE CERTAINLY DO SEE THAT WITH OUR RENEWAL RATE AS OUR SEASON TICKET HOLDERS CONTINUE TO COME BACK, SO WE’RE VERY EXCITED ABOUT THAT. THE NEXT THE CAPITAL FUND SUMMARY AND WE’RE SITTING AT ABOUT $801,000. YOU’LL SEE THAT THERE’S A COUPLE OF ITEMS THAT ARE PENDING THAT HAVEN’T BEEN PAID OUT YET. AND ONE THAT HAS BEEN DEFERRED AND IS PENDING APPROVAL, WHICH IS THE HEATING SYSTEM FOR THE FIELD. AND SO WE HAVE HAD SOME CONTINUED DIALOGUE ON THAT, WE HAD A MEETING ABOUT THAT LAST WEEK, SO WE WE HOPE TO HAVE THAT RESOLVED IN THE NEXT FEW WEEKS, MAYBE BY THE NEXT MEETING WE WILL SEE. AND THEN THE OTHER PIECES OF THE FUNDING WILL COME AS LARRY TALKED ABOUT ONCE THE GUTTER IS FIXED IN THE NORTH END ZONE. THIS IS JUST A SUMMARY OF THE CAPITAL FUND, AND IT HAS GOT ALL OF THE ROLL-INS AND OUTS OF THE FUND SINCE INCEPTION. NEXT WE’LL GO TO THE RECAPTIVE REIMBURSEMENT, WE ARE A SITTING AT 4.7 MILLION. IT HAS BEEN VERY LITTLE CHANGE SINCE THE LAST MEETING THERE WAS A CHANGE OF ABOUT $1,700. WE RECEIVED TWO INVOICES THAT RELATED TO THE FREIGHT ELEVATOR, AND ON THE CASUALTY RECEIVER, WALTER CONTINUES TO WORK WITH METRO TO GET THAT REDUCED AND THAT WAS REDUCED BY ABOUT $2,500 SINCE THE LAST MEETING WE HAD. WITH THAT, WE WILL TURN IT TO THE CAP X, COMMUNICATION TOOL, UNLESS I HAVE ANY QUESTIONS ON THE USER FEE FUND, THE CAP X, FUND OR ANYTHING ELSE IN THAT REGARD. NEXT WE WILL GO TO THE CAP X, COMMUNICATION TOOL, AND I’M NOT SURE WHAT TAB IT’S BEHIND BUT IT’S IN THERE. TAB SIX. JUST TO RECAP, WE’VE AN ADDED A FEW PROJECT TO THE LIST, WHICH MONICA DID MENTION, AND WE DID GO INTO THOROUGH DETAIL IN THE FINANCE COMMITTEE MEETING. WE ADDED PADDING FOR THE CONCRETE WALLS IN THE BOWL AREA. THAT WAS SOMETHING THAT WAS ADDED TO THE LIST. THE LAST TIME THAT IT WAS REPLACED WAS IN 2009, AND THEN IT WAS REIMBURSED BY THE SPORTS AUTHORITY IN 2010. AND AGAIN, THAT IS PADDING THAT JUST GOES ALONG THE CONCRETE WALLS SO THAT IF WE HAD AN ATHLETE BANG INTO THE CONCRETE WALL, THEY WOULD HIT THE PADDING INSTEAD OF THE WALL. WE ADDED THE ADA COMPANION CHAIRS, NEW PICNIC TABLES IN THE END ZONE. THOSE WERE ORIGINAL TO THE BUILDING BACK IN 2000, OR BACK IN 2001, I COULDN’T TRACK THE ORIGINAL INVOICE THAT TLLS YOU HOW OLD THOSE PICNIC TABLES ARE. SO WE PLAN TO BUY SOME NEW PICNIC TABLES FOR OUR FANS TO UTILIZE ON GAME DAY AND EVENT DAY. NEW BACK RACKS, AGAIN, THIS JUST GOES TO SAFETY AROUND THE STADIUM. WE HAVE PUT IN A PROPOSTAL FOR PAINTING THE DOORS THROUGH /KWROT NISSAN STADIUM, THEY HAVE NEVER BEEN REPOINTED AND IT IS DOING ALL OF THE BATHROOM DOORS, CONCESSION STAND DOORS, WE PROVIDED AN INDEPTH PROPOSAL TO THE SPORTS AUTHORITY AS WELL ON THAT, AND THE OTHER IS A RIDE SHARE LOCATION. AND THE RIDE SHARE LOCATION IS REALLY FOR THE OBJECTORS, THE LYFT’S, AND THE TAXI, WE CURRENTLY DON’T HAVE A DESIGNATED PLACE HERE ONSITE AT NISSAN STADIUM THAT WORKS FOR THE TRAFFIC FLOW FOR THOSE AREAS. SO THIS WOULD BE IN ADDITION TO LOT. IT, WHERE THOSE FOLKS CAN DROP AND PICK. I THINK THAT BRING HADGESTONE DONE SOMETHING LIKE THAT. AND WE HAVE BEEN WORKING WITH METRO, AND GOTTEN SOME BIDS FROM THEM, AND THAT HAS ALSO BEEN GIVEN TO MONICA AND HER TEAM TO REVIEW. WITH THAT, WE DO PLAN TO MOVE FORWARD ON MOST OF THOSE PROJECT THAT I JUST OUTLINED BEFORE THE START OF THE SEASON, AS WELL AS THE SECURITY VIDEO SURVEILLANCE SYSTEM WHICH HAS BEEN ON THE ANTICIPATED LIST FOR QUITE SOME TIME. OUR SECURITY SYSTEM JUST DASH WE’RE IN THE FINAL STAGES OF DOING INTERVIEWS, AND GETTING BEST AND FINAL OFFERS FROM ABOUT THREE DIFFERENT GROUPS. SO ONCE WE GET THOSE, WE WILL SUPPLY THOSE TO METRO, MAKE A 9SELECTION, AND HOPEFULLY MOVE FORWARD AND GET THAT UPDATED BEFORE THE SEASON. AND SO WITH THAT, I HAVE TO ANY QUESTIONS ON THE CAP X, COMMUNICATION TOOL? I’M HAPPY TO ANSWER.>>I HAVE A QUESTION.>>DEFINITELY >>HOW MUCH TIME IS BETWEEN THE ANTICIPATED LIST, AND THE CAP XTOOL, AND THE FACILITY OVERVIEW THAT WE JUST HEARD ABOUT.>>THAT IS A GRADE QUESTION, DUDLEY. THERE IS A LOT OF OVERLAP ESPECIALLY ON THE BIGGER PROJECTS. SOME OF THE SMALL PROJECTS DUDLEY LIKE ADA COMPANY PAN DON’T KNOW CHAIRS PROBABLY WOULD NOT HAVE MADE IT INTO THE FACILITY ASSESSMENT OR BIKE RACKS OR THE PADDING. BUT THE SECURITY SURVEILLANCE SYSTEM IS CERTAINLY LISTED IN THERE AS A HIGH PRIORITY ITEM. IF NOT, WE HAVE A SHORT VIDEO, I PROMISE, AND THEN WE HAVE LUNCH NEXT DOOR, IF ANYONE WANTS TO COME OVER AND HAVE A QUICK BITE THAT WOULD BE GREAT. DERRICK, ARE YOU QUEUING US UP? THANK YOU ALL SO MUCH FOR COMING TODAY. WE REALLY APPRECIATE IT. CAN I SIT DOWN DERRICK? ARE YOU HOUR, WE PRACTICED THIS. .>>[ MUSIC PLAYING ]. .>>[ MUSIC PLAYING ]. /TPHRAUR>>[ MUSIC PLAYING ]. [ MUSIC PLAYING ]. /-FRPBLT.>>].>>WELCOME, WE’RE HAPPY TO HAVE YOU. /-F MEET YOU, NICE TO HEAR YOU. APPRECIATE IT. AWESOME. [ MUSIC PLAYING ].>>[APPLAUSE].>>WE’RE REALLY FIGHTING FOR YOU GUYS. WE REALLY ARE.>>AND I WANTED TO LET YOU ALL KNOW. IN CASE YOU DIDN’T RECOGNIZE THE PERSON JUMPING OUT OF THE PLANE, THAT WAS OUR OWNER, AMY ADAMS, WHO JUMPED OUT OF THE PLANE. SO I THOUGHT THAT WAS REALLY COOL IN SUPPORT OF OUR MILITARY IN CASE YOU DIDN’T RECOGNIZE HER. AND THANKS SO MUCH FOR BEING HERE. WITH THAT I WILL TURN IT OVER TO KIM.>>THANK YOU TEAM TITANS FOR THAT AWESOME REPORT. ALSO IN YOUR BINDERS ARE THE FACILITY REPORTS FOR LAST MONTH FOR THE SOUNDS WHO ARE PLAYING RIGHT NOW, AS WELL AS OUR PREDATORS WHO ARE STILL PLAYING. ARE THERE ANY QUESTIONS REGARDING THOSE MONTHLY REPORTS, THIS WOULD BE THE TIME TO ENTERTAIN THOSE. IF NOT, WE WANT TO THANK THE TITANS AND NISSAN STADIUM FOR HOSTING US TODAY. WE REALLY APPRECIATE THE HOSPITALITY. IT IS GREAT TO SEE EVERYONE WORKING TOGETHER AND SUPPORTING ALL OF OUR ORGANIZATIONS. WE’RE ALL EXCITED FOR TONIGHT. IT’S BEEN A GREAT MEETING. WE REALLY APPRECIATE EVERYONE ATTENDING. OUR NEXT MEETING WILL BE ON JUNE 15TH. THE LOCATION IS GOING TO BE CONFIRMED SOON, AND IF YOU WILL PLEASE REMEMBER TO LEAVE YOUR BINDERS SO ALICIA DOESN’T HAVE TO E-MAIL YOU REPEATEDLY LAKE SHE DID WITH ME. AND IF THERE IS NO OTHER BUSINESS. WE WILL ENTERTAIN A MOTION TO ADJOURN >>SO MOVED.>>WE WILL ADJOURN, THANK YOU.>>THIS HAS BEEN A SERVICE OF THE METRO NASHVILLE NETWORK. IF YOU WOULD LIKE TO SEE THIS PRESENT TITHE AGAIN OR FOR MORE INFORMATION ABOUT THIS AND OTHER PROGRAMS, VISIT NASHVILLE.GOV.>>

Leave a Reply

Your email address will not be published. Required fields are marked *