Venue Detail
Nashville Sounds
RSV Pro Facilities Report
February, 2016
Nashville Sounds
534 Chestnut St Nashville, TN 37203 Phone: 615-242-4371 Fax: 615-256-5684 URL: www.nashvillesounds.com Owner: MFP Real Estate LLC League: Pacific Coast League, American Conference, North
Venue
First Tennessee Park, 401 Jackson St, Nashville, TN Owner: Metro Nashville Managed by: Team Built: 2015 Capacity: 8,500 Concessionaire: Centerplate Soft drink:
Naming rights
Sold to: First Tennessee Term: 10 years Expires: 2024
Ticket prices
Season tickets range from $648 to $1,440 Single tickets range from $15.00 to $15.00
Attendance
2013 average attendance: 5,071 2014 average attendance: 4,909
Suites
Quantity: 18 Term: 4 to 10 years Price: $42,624 to $42,624 Seats: 16 to 16
Club seats
Quantity: 800 Term: 1 to 1 years Price: $1,800 to $2,160
Financing
The Metro Council voted to finance a $37 million city-owned ballpark north of downtown at the historic Sulphur Dell site, the original home of professional baseball in Nashville.
Under the finance plan, sales tax from the ballpark tax-increment financing and property tax revenues from two private developments – a $37 million, 250-unit residential development by Embrey Development Corp. and a proposed $50 million mixed-use development planned by the Sounds owners – are to help pay off the city’s debt.
Naming rights for the team's new ballpark that opened in 2015 were told to First Tennessee bank for an undisclosed sum. The rights are good for 10 years.
The ballpark features four field-level suites that accommodate 40 people.
The new ballpark followed the conclusion of the Sounds' inaugural season under new owners, MFP Real Estate LLC, a New York-based holding company led by partners Frank Ward, Steve Posner and Masahiro Honzawa.
The group kicked off their tenure by pumping $2.5 million worth of renovations into aging Greer Stadium, a move billed as a recommitment to the team's fan-base. From the outset, the new ownership also expressed a desire to ultimately move into a new ballpark, preferably downtown.
The city had been in talks with the franchise’s previous owner and developer Struever Bros., but those talks broke down.
The team's former home, Greer Stadium, was built in 1978 and enlarged to 17,000 seats in 1988. About 5,000 of general admission seats have been taken out to create a picnic area. (Facilities, Baseball, Minor League, Professional Sports, Venue)