NASHVILLE, Tenn. - Metro council members have demanded answers about the budget of the Nashville Convention and Visitors Bureau following a NewsChannel 5 investigation.
On Monday, a council committee asked the president of the CVB to bring the organization's budget and answer questions about when it will repay an interest-free $300,000 loan.
The CVB receives more than $10 million a year from Metro to promote the city.
CVB President Butch Spyridon said the organization will repay the loan within three years and the money was needed to keep conventions in Nashville after the flood.
"It was a mutually agreed upon scenario of do whatever it takes. We'll settle up, we'll make good. We'll find a way to keep this business in town," said Spyridon.
Some council members have questioned administrative expenses at the CVB after the investigation looked into salaries. The investigation revealed the total combined compensation for the top four employees was more than $925,000 last year.
Big Salaries at Nashville's Convention, Visitors Bureau
