Predators sign lease extension in Nashville
The Nashville Predators have agreed to a new 30-year lease deal that will help keep the franchise in Music City through 2049. The new deal will eventually end a Nashville city subsidy costing Metro Nashville about US$3.5 million a year for arena maintenance and improvements. The Predators will use money from sales and ticket taxes to pay those costs. Sean Henry, chief executive and president of the Predators, also announced the club plans to spend $350 million in renovations and maintenance to the arena during the next 20 years. The Tennessean reported the first phase of those renovations are scheduled for 2021 and will add about 1,200 seats and a new press box.