January 20, 1996
Completion of Successful Marketing as it relates to luxury suites
January 29, 1996
Nashville Sports Authority must approve the 54 page agreement.
Feb. 15, 1996
Completion of Successful Marketing as it relates to the PSL's and the
premium club seats
42,700 Permanent Seat Licenses accumulating $71 million will have to be sold.
Feb. 15, 1996
Alternative playing site must be designated.
Feb. 15, 1996
The entry by the NFL Team Entity into agreements acceptable to the NFL
Team Entity with the owners/operators of alternative sites in Tennessee
acceptable to the Team Parties for the 1996 and 1997 NFL seasons (to
cover the possibility that the Team is legally and contractually
permitted to then play at such alternative sites) and the 1998, 1999 and
2000 NFL seasons (to cover the possibility that the Stadium is then not
Substantially Completed) (and with State to use all reasonable efforts to
cause such Milestone to be achieved)
February 20, 1996
Submission to NFL of formal relocation application and associated documents.
March 1, 1996
Plan of statewide broadcast of Oilers games and weekly coach shows should be
approved by Oilers Board of Directors.
March 1, 1996
Tennessee Board of Regents and
Sports Authority must approve Tennessee
State University's use of new stadium.
March 1, 1996
Approval by the Board of Directors (or other management) of the Adams
Entity of the Development Agreement, the Stadium Lease and the Team
Contract, and by the Board of Directors (or other management) of the NFL
team Entity of the Development Agreement and the Team Contract.
March 6, 1996
Approval by Resolution (one reading only) of the payment in lieu of taxes
from the Water & Sewer Department.
March 6, 1996
Approval by Resolution (one reading only) of the initial bond resolution
authorizing the Public Debt.
March 6, 1996
Approval by Resolution (one reading only) of the final bond resolution
authorizing the Public Debt.
March 6, 1996
Final approval by Ordinance (requiring approval on three readings
occurring on three separate days) of the Infrastructure Agreements with
Tennessee Department of Transportation.
March 6, 1996
Final approval by Ordinance (requiring approval on three readings
occurring on three separate days) of the agreement with the State for the
use of the $55 million bond funds.
March 6, 1996
Final approval by Ordinance (requiring approval on three readings
occurring on three separate days) of the Development Agreement, Stadium
Lease and Team Contract.
March 6, 1996
Final Metro council approval of funding; final agreement between Metro, Oilers and Sports Authority on a long-term lease and contract.
March 10, 1996
Final adoption of legislation (requiring approval on three readings
occurring on three separate days) revising the permitted uses of sales tax
moneys received by sports authorities.
March 10, 1996
Final adoption of legislation (requiring approval on three readings
occurring on three separate days) authorizing $55 million in bonds for
Project Costs.
March 10, 1996
State approval of the funding must be completed.
March 15, 1996
NFL approval of the Oilers move to Nashville.
March 22, 1996
A development agreement, stadium lease and Oilers contract must be signed and executed.
April 3, 1996
Projected ground-breaking at the stadium
August 1, 1998
Completion of stadium!