Nashville Moving Toward Convention Center, Hotel

It appears that a new convention center will be built in Downtown Nashville…

Last Tuesday, the greater Nashville Metro Council voted 29-6 in favor of the proposed convention center. The proposed convention center has received a great deal of support among council members and the community. Tuesday’s vote was the third and final vote, with the Council agreeing to borrow $75 million to purchase over 15 acres south of Broadway.

By purchasing the land, it is almost certain that the convention center will be erected downtown. The center has an estimated cost of just under $600 million, with parking facilities estimated at an additional $40 million. In May, the Metro Council voted 33-3 before knowing how the project would be funded. The center could be completed by 2013, with the possibility of a convention center hotel as well. A construction financing plan will be presented in upcoming months, but the project would be subsidized by tourist taxes.

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