Mayor Files Mid-Year Capital Spending Plan Today
January 4, 2013
Proposal Continues Investments in Safety, Health, Parks, Sidewalks and Stormwater
NASHVILLE, Tenn. – Mayor Karl Dean proposes that the city continue to invest in improvements important to the community with a $110 million capital spending plan that was filed today. It is his fourth capital spending plan since taking office. The bond resolution is scheduled to be heard by the Metro Council on Jan. 15.
“This capital spending plan continues the momentum in our city and invests in essential improvements such as sidewalks and paving,” Dean said. “The plan also provides funding for our stormwater program and a new public health center, two important projects that have received a large amount of public discussion.”
The city’s stormwater program and the new Lentz Public Health Center will get a majority of the funds. Both Lentz and a stormwater fee to fund the stormwater program were previously approved by the Metro Council but now require a bond resolution to move forward. Smaller allocations fund a new Central Police Precinct, improvements to the Bridgestone Arena and the city’s Open Space and riverfront redevelopment programs.
The mid-year plan allows Metro to move forward on sidewalk and paving projects in the spring. It also puts the improvements to Bridgestone Arena and the new downtown police precinct on track to be ready this fall, just a few months after the Music City Center opens and at the same time as the opening of the Omni Hotel and expansion of the Country Music Hall of Fame and Museum.
The current Central Precinct is located inside Bridgestone Arena. Its new facility will have more visibility at its location across the street from the Music City Center, which is opening in May. By relocating, it opens space in the Arena for additional revenue-generating entertainment activities.
The capital spending plan includes a $6 million contingency. The following projects are included:
- Lentz Public Health Center, $28 million: Construction is already underway on the facility at the corner of 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.
- Stormwater program, $50 million: 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.
- Central Police Precinct, $4 million: The downtown precinct is currently located inside the Bridgestone Arena. The new location will give the precinct additional space and improved visibility on Korean Veterans Boulevard with the opening of the Music City Center this spring.
- Bridgestone Arena, $7 million: With the upcoming opening of the Music City Center and the availability of 1,800 new parking spaces at the facility, the south entrance of the Arena is expected to see more foot traffic. Exterior improvements will include a new entrance and plaza area. Glass will replace portions of the current concrete structure to make the area more inviting and open. Other exterior improvements would accommodate future street-level restaurant and retail along both Demonbreun and Fifth Avenue to create a better connection to Broadway.
- Public Works, $7.5 million: Funding will address infrastructure needs throughout the city, including $5 million for paving and road projects and $2.5 million for sidewalks. Approval of the funds allows for work to take place this spring.
- Parks, $2 million: Funding will go to road and greenway paving at various Metro parks this spring.
- Open Space and riverfront redevelopment, $5 million: Funding will help replenish the Open Space fund and continue progress around the riverfront.