NASHVILLE, Tenn. — The Convention Center Authority has voted unanimously to enter into a MOU (PILOT Agreement) with Metro.
“Nashville’s unprecedented growth in convention bookings has allowed the MCC to enter into this agreement with the city,” said Charles Starks, president/CEO of Music City Center. “The annual PILOT payment provided to Metro demonstrates the value of the hospitality and tourism industry as we strive to be a strong city partner and benefit the residents of Davidson County.”
Metro has received $10 million for two consecutive years from MCC. With the additional payment of $12.6 million, the city will receive a total of $22.6 million from MCC for this year’s fiscal budget. The PILOT amount could increase if there is a change in tax rates, if the building appraisal amount increases or if an expansion occurs.
Additionally, the CCA announced that MCC generated $37,963,606 in direct economic impact for the city during the month of September, hosting 32 events with 31,927 attendees and generating 34,898 room nights. For the month of October, the MCC generated $28,633,190 in direct economic impact, hosting 38 events with 50,856 attendees and generating 28,690 room nights.
About the Music City Center
The Music City Center, Nashville’s convention center, features a 353,143-square-foot exhibit hall, the 57,500-square-foot Karl F. Dean Grand Ballroom, and an 18,000-square-foot Davidson Ballroom. The Nashville Songwriter’s Hall of Fame is also located inside the Music City Center. Learn more at nashvillemcc.com.