Low-income and local laborers now stand to potentially gain more work opportunities on large, city-funded projects after Metro voters took to the polls in support of Amendment 3.
The passage of Amendment 3 in the Metro Charter means that any Metro-funded construction project over $100,000 will be required to hire at least 40 percent of its labor within Davidson County. What's more, at least 10 percent of hires must be low-income individuals.
Members of the Nashville Chamber of Commerce have spoken out against the amendment, saying it will limit economic growth in the city and amount to a "nightmare" for out-of-town construction companies interested in building in Nashville.
But political activists who pushed for the passage of the amendment call it a path toward sustainability for communities looking for work in the Nashville area.
Amendment 3, which was the only amendment on the ballot to pass, carried 56,677 votes to push it forward, with 41, 486 voting against the amendment as of 10:52 p.m.
Music City Center officials announced today the facility had a record-breaking year in terms of economic impact.
The figures, from a release:
The Music City Center hosted 305 events with 676,060 attendees during fiscal year 2015 generating 389,696 room nights for a total of $392.2 million in economic impact. Since opening just over two years ago, the building has hosted 672 events with 1.3 million attendees generating over $645 million in direct economic impact. Tax collections continue to outperform expectations and the Music City Center portion of tax collections is up 21.67 percent year over year through April for fiscal year 2015. The Music City Center is also currently tracking to greatly exceed their budgeted operational bottom line projections and should close out the fiscal year with an excess of $45 million in reserves.
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