Demolition of the 30-year-old Nashville Convention Center will pave the way for a $400 million mixed-used space.
Upon the opening of the Music City Center two years ago, the older venue in downtown Nashville was rendered nearly obsolete.
The nearby Renaissance Hotel mostly used Nashville Convention Center as an extension of its meeting space when booking large-scale events.
Knowing the redevelopment of Nashville Convention Center would impact the hotel’s event business, the Metro Nashville Convention Center Authority, which approved the $400 million project, promised Renaissance $4 million and expanded meeting space as part of the new development.
Overall, the new development is expected to add entertainment, dining, a museum, offices and apartments on 19 million square feet of land. A new parking garage between $32-$44 million is also expected depending on how many floors are added to the structure. The mixed-use space will also employ more than 2,000 construction workers and provide an annual tax increase to the tune of $8 million for the convention authority.