title
A resolution approving an economic impact plan for the Rivergate Mall Economic Development Project.
body
WHEREAS, The Metropolitan Government of Nashville and Davidson County seeks to preserve and promote local economic welfare, educational growth, and vitality; and,
WHEREAS, construction of public infrastructure in the Rivergate Mall area will provide a necessary and substantial public benefit to the citizens of the Metropolitan Government; and,
WHEREAS, The Industrial Development Board of the Metropolitan Government of Nashville and Davidson County (the "Industrial Development Board") has reviewed an Economic Impact Plan regarding the development of the Rivergate Mall area in the form attached hereto as Exhibit 1; and,
WHEREAS, the development proposed in the Economic Impact Plan by Merus LLC or an affiliate thereof ("Merus") will consist of approximately 57 acres that includes multifamily housing, townhomes for sale, senior housing, retail, restaurants, sports and entertainment facilities, medical offices, general offices, hotels, and other improvements (collectively, the "Project"), at a cost expected to exceed $337,511,000; and,
WHEREAS, the Project will revitalize the Rivergate Mall area and create a vibrant pedestrian-friendly mixed-use community; and,
WHEREAS, on May 14, 2025, the Industrial Development Board conducted a public hearing with respect to the Economic Impact Plan, as required by Tenn. Code. Ann. ? 7-53-314(g), and approved the submission of the Economic Impact Plan to the Metropolitan Council; and,
WHEREAS, the Industrial Development Board has submitted a copy of the Economic Impact Plan to the Mayor pursuant to Tenn. Code. Ann. ? 7-53-314(f); and,
WHEREAS, the Economic Impact Plan contemplates that Merus will construct public infrastructure necessary for the Project, including roads, streets, publicly-owned or privately-owned parking lots, facilities or garages, traffic signals, sidewalks or other public improvements that are availab...
Click here for full text