Turmoil in the financial markets has temporarily put the brakes on a bond refinancing by Metro Government. The city is trying to get a lower interest rate on roughly $100 million in bonds, originally used to pay for construction projects at parks and schools.
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Nashville Mayor Karl Dean says the city’s finance chief is still the right man for the job, even though a report by The Tennessean this week revealed possible undisclosed conflicts of interest.
Thursday night Metro Council committees approved borrowing as much as $650 million to build a new downtown convention center.
The panel appointed to oversee a new downtown convention center voted unanimously Thursday to approve a financing package for the facility.
Nashville Mayor Karl Dean backed away from publicly financing a 750-room hotel at Thursday night’s presentation of a new downtown convention center.
Tourist taxes in place to pay for a new downtown convention center would generate enough money to finance the debt on the $585 million project.
With the stroke of a gavel, the State Building Commission cemented new boundaries for a tourist development zone near downtown Nashville Thursday.
The board of Metro Parks meets Friday to approve budget reductions after the department racked up a nearly 1.8-million dollar deficit.
Tuesday night the Metro Council will vote on transferring oversight of a proposed convention center to a new board.
Nashville Mayor Karl Dean wants to appoint a nine-member board to manage the development and financing of a new convention center.
The Metro Council unanimously approved Davidson County’s $1.5 billion budget last night.
The Metro Council approved $560 million worth of construction projects last night.
With the Metro Council set to take a final vote on the land acquisition bill for the new downtown convention center, a debate on Sunday will discuss the merits of the deal.
With the announcement that it’s hired a consultant and established an advisory board, the Mayor’s office signaled yesterday it’s wading into the morass of how to pay for the city’s safety net hospital.