NASHVILLE, Tenn. (WTVF) — Negotiations for the East Bank development project are well underway and more early plans have been unveiled.
New plans prioritize affordable housing, which has been a big concern for many Nashville families.
The 30-acre initial development zone could cost over $227 million. A presentation by the AdHoc East Bank Committee shows there's going to be a minimum of 1,550 residential units across at least five buildings.
Around 45 percent of those plan to be affordable units, which would be built first.
The level of affordability has yet to be decided, but Metro Chief Development Officer Bob Mendes said he's confident there will be a mix of levels.
Current plans place the Tennessee Performing Arts Center on the plot closest to the Pedestrian Bridge and there will also be a new WeGo mobility hub with affordable housing on top.
The cost sharing between Metro, master developer The Fallon Company and other potential contributors is still under negotiation. Metro hopes to finish negotiations before Nashville's annual budget process begins in May.
My friend and colleague Carrie Sharp had a lot of fun last week, on an adventure to a country more than three thousand miles away! She’s back now – sharing her Adventures in Iceland through stories, and incredible images of this remarkably beautiful and unique island nation (kudos to Chief Photographer Catherine Steward)! But did you know Nashville has something very important in common with Iceland? Tourism! Here, Carrie explains how a volcanic eruption decades ago helped save the country’s economy from collapse!
-Rhori Johnston
