The Sports Authority of the Metropolitan Government of Nashville and Davidson County voted to approve an amendment to the Titan (East Bank) Stadium indentures that shortens the timing the trustee uses to move revenue into debt‑service accounts, a change staff said will allow the authority to capture more incoming receipts for debt payments.

Why it matters: The amendment affects cash‑management mechanics for the authority’s public facility revenue bonds for the East Bank Stadium project and reduces the interval between the trustee’s revenue transfer dates and bond payment dates from about 10 days to four days, staff said. Authority counsel said that change is intended to make more revenues available to meet debt service if receipts arrive late in the transfer window.

The board approved the resolution after bond counsel summarized the change and fielded no questions. Bria Smith‑Edwards of Bass, Berry & Sims, acting as bond counsel for Metro, described the trustee’s interpretation of the current indenture language and said the amendment would allow Regions Bank, as trustee, to move monies that accumulate between the trustee’s regular transfer date and the debt‑service payment date so those funds can be used for debt service when needed.

At the same meeting, the authority and the Titans team provided a monthly construction update on the East Bank Stadium project, reporting continued progress on structure, concrete, steel and precast erection and providing workforce, diversity business (DBE) and safety metrics.

Construction and budget: Project managers reported that elevated deck pours and concrete work are underway across the site, saying the project has completed numerous elevated deck pours and is roughly 47% complete on slab‑on‑grade work. The team reported 18,785 tons of structural steel in contract and tens of thousands of pieces already set; precast seating fabrication was reported at roughly 42% complete with erection at about 12%.

DBE and local participation: Project managers reported about $81–82 million paid to DBE‑related firms to date and an increase in the number of participating DBE firms to 63. The DBE payments were reported as roughly 23% of qualifying contract dollars tracked by the team. Managers also reported continued local participation by Tennessee‑based companies and said about 14 Tennessee firms have worked on the project so far (a figure the team said equates to substantial local participation when measured against total subcontractor counts).

Workforce and training: Reggie Polk of Polk & Associates and Adolfo Burch (Titans construction team) reported workforce figures showing approximately 2,331 workers who have touched the job site since work began, with minority and female participation rising month to month. Managers said minority workers accounted for roughly 55% of hours worked and female participation was up 16% from prior reports. The report also highlighted the TC2 workforce training program: 359 applicants, 67 participants and 64 graduates to date; 64 OSHA‑10 certifications issued.

Safety: The team reported one new recordable injury in the reporting period — a steel worker who suffered a hairline fracture to a foot after mishandling tube steel — and 18 first‑aid cases (minor injuries such as debris in the eye and strains). The project’s recordable incident rate (RIR) stood at 1.06, down from 1.17 the prior month and below the cited industry average of 1.71; managers said the project’s goal is an RIR near 0.5.

Next steps and schedule: Construction representatives said they are continuing design coordination, reviewing addenda and change orders, and plan to provide a more detailed cost/quote package for the authority’s finance committee later in the year. The team also said it would issue a public call to artists for stadium artwork and continue outreach programs including a planned heavy‑metal summer camp for high‑school students and other workforce pipelines.

Ending: Board members congratulated the construction team on safety and DBE performance and asked for continued reporting on tariffs, supply‑chain impacts and the schedule for vendor quotes. The resolution to amend the indentures passed on a voice vote; staff said a fuller cost update and timeline for any future scoreboard or similar capital replacements would follow in committee reports.