Nashville Convention Centre Fate Set Be Decided

The future of Nashville's old Convention Centre, prime piece of real estate in the city's downtown area that was once earmarked as the site for the defunct Nashville ...

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Nashville Convention Centre Fate Set Be Decided

Posted by Gary Ashton: RE/MAX ADMIN on Sunday, October 21st, 2012 at 11:14am.

The future of Nashville's old Convention Centre, prime piece of real estate in the city's downtown area that was once earmarked as the site for the defunct Nashville medical trade centre, will be decided within the next three months, said city officials this week and.

The short timeline comes in stark contrast to the long and drawn out nature of this delayed project, which was first announced almost three years ago.

Just last week, Market Centre Management, a Dallas-based consortium that had previously agreed to develop the site, announced that it was abandoning the project. However, citizens of Nashville will not have to wait much longer to find out the fate of this downtown space.

Butch Spyridon, Nashville Convention & Visitors Bureau President, said that the made Mark project would have been great for local businesses. But despite the disappointment of market centre management pulling out, he said that there are plenty of other options.

The Nashville convention centre’s fate should be decided within the next three months, or at the most six months, said Spyridon.

Rich Riebeling, Metro Finance Director, has already told Market Centre that authorities will be looking elsewhere to bring new life to the site.

“With the new music city centre set to open in less than 12 months, Nashville has decided to make a strategic decision regarding the existing convention centre's future,” he wrote.

“There are no immediate plans for the building, but we are already working with interested entities to finalize long-term arrangements.”

Riebeling refused to be drawn on speculation regarding the Nashville Convention Centre's future, but it has previously been reported that Live Nation Entertainment Inc., had been eyeing up the space as a possibility for a House of Blues music venue. House of blues venues to the likely have a capacity of between 1,000 and 2,000 persons, meaning that the convention centre would be ideally suited for this purpose without needing any major redevelopment. 

 

Gary Ashton

The Ashton Real Estate Group of RE/MAX Advantage

The #1 Real Estate Team in Tennessee and #4 RE/MAX team in the world!

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