The Metropolitan Nashville Airport Authority has two new members on its 10-member board of commissioners: Saul Solomon, president of Bridgestone Americas U.S. and Canada Commercial Tire Sales division, and Deborah Wright, owner of business services firm Amenacorp Inc. Solomon, who was appointed by Mayor Karl Dean and confirmed by Metro Council in August, will serve as one of the board's industry, commerce and finance representatives. Wright, appointed and confirmed Sept. 7, is one of the board's neighborhood representatives.
Oct 15, 2010 11:26 AM
Mayor Karl Dean today signed an order that calls for Metro to build new and reconstructed streets that take into account pedestrians, cyclists and other forms of transportation beyond the automobile.
“For decades Nashville roads were built with only cars in mind,” Dean said. “We have come a long way in recent years in terms of adding sidewalks and bikeways, and making mass transit more convenient for people to use. This Executive Order will ensure that now and in the future we continue to take all reasonable measures to develop new and reconstructed streets in a way that makes all of these modes of transportation more accessible. It’s important for the health of our citizens and for our city’s long-term sustainability. And I could think of no better time to move forward with this policy than during Walk Nashville Week when the entire city is focused on the importance of walking.”SEE ALSO: Preparing for a new era of economic growth for Nashville from a recent City Paper editon
Oct 6, 2010 3:08 PM
Loews Hotels CEO Jonathan Tisch on Wednesday will cut the ribbon on the company's new 40,000-square-foot business services center in the Fifth Third Center downtown. Loews announced plans for the center in May, pledging to bring more than 200 workers with its $12 million investment. At the 10:30 event, Tisch will be joined by Economic and Community Development Commissioner Matt Kisber and Nashville Mayor Karl Dean.
Sep 13, 2010 2:22 PM
Jeff Woods digs a little deeper into the personalities and possible motivations behind the Dean administration's deal with hotel developer Robert Rowling and finds some folks wondering if Gaylord CEO Colin Reed showed up alone to a tag team match.
Another insider says: "Nobody's said it publicly of course, but it looks like Omni came in here with such a good deal in Nashville just to screw with Reed. The fact that Rowling owns it is going to stick in Colin Reed's craw. At the end of the day, Reed's just going to have to eat it."
Sep 9, 2010 12:12 PM
The Convention Center Authority today gave the nod to a preliminary development agreement between the city and Omni Hotels, the first hurdle for the public-private financing plan that will allow Omni to build a $250 million hotel next to the new convention center. The City Paper's Joey Garrison has the story:
Under Dean’s plan, Omni would cover $250 million in development costs up front. Omni would then collect $103 million in tourism tax revenues generated by the new hotel over the course of 20 years. Omni would also receive a 62.5 percent property tax reduction and take in $25 million through tax-increment financing. Charles Robert Bone, who provides legal counsel to the authority, said the preliminary development agreement contains “90 to 95 percent” of the language that will be in formal agreement. Besides setting the parameters, Bone said the preliminary development agreement also obligates the authority to cover up to $1.15 million in land option costs if a development agreement is not reached.SEE ALSO: William William's story from earlier this week on Marriott's disappointment with the Omni deal.
Sep 2, 2010 2:23 PM
The folks at WKRN took yesterday's news about health care's $30 billion economic impact on the Nashville region as a positive sign for the proposed Nashville Medical Trade Center. In their story, at this link, Market Center Management Co. hinted again at tenant announcements to come. And Mayor Karl Dean restated his support for the $250 million development:
Nashville Mayor Karl Dean said, "In my mind, the argument for the medical mart is just reinforced by this, and we're going to continue to work with them to get this thing up and running."
Jul 8, 2010 1:40 PM
The Housing Fund and Mayor Karl Dean on Tuesday rolled details of a plan to help home- and business owners who will need flood-related assistance beyond federal disaster aid and Small Business Administration loans. Regions Bank on Tuesday said it will give $1 million for the effort.
Metro officials are using a three-tiered approach to determine the type of aid available for a flood victim: First, applicants will be offered a 4 percent interest loan, worth up to $100,000, to be paid back from five to 20 years. If an owner cannot repay a loan, a grant capped at $10,000 would be offered. If a gap still remains after the grant, then a 0 percent interest loan worth up to $20,000 is available to some homeowners.
Jun 30, 2010 8:04 AM
Mayor Karl Dean has named Greg Thompson, who has for four years led the education efforts of a Memphis foundation, to lead Nashville's new Center for Charter School Excellence in Tennessee. Dean said Thompson's “knowledge of business and finance, combined with his passion for education reform, will ensure the center is successful in its mission to cultivate highly skilled charter school operators.”
Jun 25, 2010 7:31 AM
Among the notable economic development wins Nashville has scored so far in 2010 — various companies have committed to creating or moving here more than 1,800 jobs — was the back-office hub Loews Hotel said it set up in downtown's Fifth Third Center. To help seal the deal, Mayor Karl Dean dipped into Metro's coffers to commit $310,000 in incentives over 10 years. It was the first time since Dell a decade ago that Metro has ponied up that kind of cash, but the mayor told us Friday we should expect to see more such moves. Quite simply, he said, Nashville's reputation alone won't carry the day in today's economic environment, which has forced cities to sharpen their ECD swords. "To be competitive, you've got to be in the game," Dean said. Along the same lines, Nashville Area Chamber of Commerce CEO Ralph Schulz said the budget of his group's Partnership 2020 — which will be formally unveiled this afternoon — is set to grow significantly. Until now, Nashville's total ECD budget of $2.4 million has significantly trailed that of Charlotte, Austin and Indianapolis — the latter's is more than double — but Schulz said the new plan will change that, though it's not yet clear by how much. "There's no question this plan is going to cost more as I'm looking at how it's going to develop over the summer," he said.
Jun 21, 2010 11:55 AM
As part of Mayor Dean's fellowship with them, planners from the Urban Land Institute on Thursday delivered their first thoughts on how Metro officials can redevelop parts of the underutilized area between Fourth and Eighth avenues south of downtown. Unless our economic situation changes drastically, the city's going to have to pony up some.
Weak capital markets will require Metro to offer a wider variety of incentives, experts said. Recommendations for the public sector include: assembling sites for development, assisting developers with financing structures and offering incentives, loans and grants to developers willing to build in the urban core.
Feb 12, 2010 8:23 AM