Capital Spending Plan Includes Arena, Stormwater Improvements
NASHVILLE, Tenn. – Mayor Karl Dean's $110 million capital spending plan filed Friday includes improvements to the city's stormwater program, Bridgestone Arena, and a new downtown police precinct.
The majority of the funds will go to the stormwater program($50 million) and new Lentz Public Health Center($28 million), which have both been previously been approved by Metro Council.
In 2009, Metro established a new stormwater user fee to install and maintain stormwater infrastructure. This fee will cover the general obligation bonds, with the $50 million allowing projects over the next five years.
Lentz Public Health Center is currently under construction on 26th Avenue North and Charlotte Avenue. Under a public-private partnership, HCA is developing the public health facility to Metro specifications and the city will reimburse HCA for the cost upon completion.
It will also include $9.5 million for sidewalk and paving projects in the spring.
Another $4 million will go towards the relocation of Central Police precinct from inside Bridgestone Arena into a new facility across the street from the Music City Center. By relocating, it opens space in the Arena for additional revenue-generating entertainment activities.
The spending plan will also include $7 million for improvements to Bridgestone Arena's south entrance on Demonbreun Street. The improvements include a new entrance and plaza area.
Other exterior improvements would accommodate future street-level restaurant and retail along both Demonbreun and Fifth Avenue to create a better connection to Broadway.
Another $5 million will go to Open Space and riverfront redevelopment.