Nashville Convention Center Redevelopment Deal Reached

"If a deal between the developer and Metro is announced Friday, the matter would go before the Convention Center Authority on Tuesday. Board members would decide whether to recommend approval to Metro Council, whose final approval is required for any project to move forward. If the Authority recommends approval of the deal, April 7 will be the earliest the issue could be on the council's agenda.

The Emery-led team was selected from among five finalists that pitched proposals to redevelop the Nashville Convention Center site, which became expendable after the city built the Music City Center convention hall south of Broadway. But complexity of the deal that involved the developer getting the Renaissance and the proposed National Museum of African American Music aboard its plans delayed an agreement between the city and Emery's team.

The deal comes as the latest 60-day extension the Authority gave the Emery-led team to agree to terms with all affected parties and finalize a redevelopment agreement is set to expire Tuesday. The issue with the Renaissance was related to the hotel's 13-year lease with Metro of adjacent meeting space that fronts Commerce Street."

Read the rest of the story on the Tennessean.