BL2026-1451
PassedThis ordinance updates six Nashville redevelopment plans — Arts Center, Bordeaux, Central State, Phillips-Jackson, Rutledge Hill, and Skyline — to add new rules governing how tax increment financing (TIF) is managed. Going forward, no more than 75% of TIF funds can be used to repay new bonds or debt under these plans, and the eligible activities for TIF must be jointly reviewed and agreed upon by MDHA and the Metro Council at least every ten years or new borrowing against TIF is frozen. It also allows either the Metro Council or MDHA to kick off changes to these redevelopment plans, rather than MDHA alone.
Introduced Jun 26, 2026 · Passed Aug 4, 2026 · View on Legistar
Sponsors
Primary Sponsor · District 2
Vote History
No individual votes recorded for this legislation.
Timeline
Jul 7, 2026 · Item 92
passed on first reading
As filed on Legistar
An ordinance approving Amendment No. 6 to the Arts Center Redevelopment Plan, Amendment No. 1 to the Bordeaux Redevelopment Plan, Amendment No. 1 to the Central State Redevelopment Plan, Amendment No. 6 to the Phillips-Jackson Redevelopment Plan, Amendment No. 9 to the Rutledge Hill Redevelopment Plan, and Amendment No. 1 to the Skyline Redevelopment Plan.