State, not Nashville, rakes in money from NFL draft
NASHVILLE, Tenn. (WZTV) —
Nashville put just one sixth of all its hotel taxes into its general fund because the rest of the money was sent to places like the Music City Center and visitors bureau.
Because of the way the city structures its hotel and sales tax systems, Nashville will not find hosting the NFL Draft as lucrative as it could have been.
"You wanna know who really is going to do well out of the NFL draft day, the state of Tennessee because it's going to collect 7 cents off every dollar," said Metro Councilmember John Cooper, lamenting the fact that the city is not capitalizing on more of the dividends of its growth. "The state is really not incurring the big upload of expenses for hosting that event."
Butch Spyridon who put together a lot of the city's pitch to the NFL says the visitors bureau will consider reimbursing the city for some of the expenses incurred from police overtime, sanitation and transit plans.
The draft remains a unique opportunity for the city to showcase itself to more than 400,000 people. Finances aside, that fact alone impresses former Titans general manager Floyd Reese who remembers the sleepy city that the Titans once moved into.
"I think that's really, really exciting for me because I know it's gonna be a great event," Reese said. "Now [the draft it] as big as any event in the country short of the Super Bowl."
The state will capture great dividends from the increased tourism over the April weekend. It collects seven percent of the 9.25 percent sales tax on all purchases. It does so without incurring expenses to put on the event.
The NFL draft experience will be held at Nissan Stadium and be free for fans. It will feature the following:
NFL Draft Experience hours of operation:
o April 25 (Thursday): 12 p.m. to 10 p.m.
o April 26 (Friday): 12 p.m. to 10 p.m.
o April 27 (Saturday): 9 a.m. to 6 p.m.
Activations at the NFL Draft Experience:
o Autograph Stage with current NFL players and NFL Legends
o Interactive games, Play Football clinics, and PLAY 60 Zone for the smallest NFL fans
o Photo with the Vince Lombardi Trophy
o NFL Shop at Draft with exclusive NFL merchandise
o Taste of Tailgate with Nashville restaurants and Bud Light Bars
o NFL Draft Experience music stage with Nashville-based artists of all genres