University of Tennessee Executive Committee Agenda May 2026
UT to seek $83M state bond financing for garage
Trusted by teams at
Description
The Executive Committee approved seeking up to $83 million in bond financing from the Tennessee State School Bond Authority to fund the Neyland Entertainment District parking garage. UT will repay the 30‑year revenue bonds using ground rent, parking revenues, athletics contributions, and other sources.
Contract Details
Contract Amount
Up to $83 million in aggregate principal amount plus issuance costs and accrued interest
Vendor
TENNESSEE STATE SCHOOL BOND AUTHORITY
Agency
The University Of Tennessee System Office, TN
Contract Type
FINANCIAL_SERVICES
Document Date
May 2, 2026
Contract Term
Planned 30-year revenue bonds
Renewal Info
Planned issuance of 30‑year revenue bonds through TSSBA; no renewals specified, but UT may later refinance subject to authority rules.
More from The University Of Tennessee System Office
University of Tennessee Executive Committee Agenda May 2026
University of Tennessee Executive Committee Agenda May 2026
University of Tennessee Executive Committee Agenda May 2026
University of Tennessee Executive Committee Agenda May 2026
University of Tennessee Executive Committee Agenda May 2026
Want to learn more?
Get alerts on contract renewals, new awards, and vendor activity.
Bring us your territory.
We'll show you what is forming.
See live SLED buying signals, source docs, decision-makers, contract context, and the next step into your CRM or pipeline.