Sports Authority Public Investment Plan Update
The Metropolitan Sports Authority looms large in Nashville. Their mission: to acquire, promote and maintain professional sports facilities, including some of Nashville’s most iconic landmarks like Nissan Stadium and Bridgestone Arena. Their work, however, is not limited to just the facilities. The Sports Authority handles all the ancillary items like financing, maintenance and—of increasing importance for Nashvillians—event parking.
“Mayor Barry challenged all of us to get outside our silos and make something happen,” said Talia Lomax-O’dneal, the Director of Metro Finance. “So we created a program that rewarded creativity and collaboration with groups outside of government. Monica was one of the first people to approach us about the program, so we’re thrilled to see how well this has turned out for Metro and our partners.”
The Sports Authority PIP proposed a simple solution. An increasing number of events, as well as a lack of venue coordination was putting a strain on all the downtown entertainment venues. To address this, Fawknotson and her team proposed a new dedicated staff position for special events. This individual would work collaboratively to improve communication between all stakeholders, as well as work internally to maximize revenue opportunities.
Six-months later, the proposed coordinator is in place and the PIP is a model for success. There has been a 16% increase in parking events, a 17% increase in revenue and that’s just the first quarter! As for Fawknotson and her team, they could not be more pleased.
“We enjoy wonderful partnerships with both the Titans and the Predators,” said Fawknotson who received earlier this month a $5,000 donation from the Tennessee Titans and another $5,000 from the Nashville Predators to help the city fund this new position. “We are thankful for their support our Public Investment Plan.”
Kim Adkins, Chair of the Sports Authority Board added, “We are appreciative of the Predators & Titans’ generous donation in support of this PIP.”
You can read more information about the Sport’s Authority’s Public Investment Plan or any of the other Public Investment Plans online.