Apr 17, 2024 - Music

Lawmakers create fund to help concert venues

After Midtown performs at the Basement East in 2021.

After Midtown performs at the Basement East in 2021. Photo: Keith Griner/Getty Images

The state House passed legislation Tuesday to create a live music fund to support concert venues across Tennessee.

Why it matters: Between the lasting impact of pandemic shutdowns, rising real estate costs and competition from corporate giants, the economic climate has never been more hostile to small and medium-sized music venues.

  • Advocates hope the fund will eventually be able to provide grants to venues and artists.

State of play: The measure already passed the Senate and will become law with Gov. Bill Lee's signature, which is expected.

  • Once that happens, stakeholders will look to identify a revenue source to bankroll the new fund.

What he's saying: "A fund like this will be a difference maker to ensure that independent venues across Tennessee not only survive, but thrive," Music Venue Alliance Nashville president Chris Cobb said in a statement.

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