BL2026-1451

Bill

This 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.

Passed · Aug 4, 2026 · Introduced Jun 26, 2026 · View on Legistar

Sponsors

Timeline

  1. Passed on first reading

    Jul 7, 2026 · Metro Council

  2. Passed on second reading as amended

    Jul 21, 2026 · Metro Council · Voice vote

    Watch the debate (4 min)

  3. Passed on third reading as amended

    Aug 4, 2026 · Metro Council · Roll call vote

    Watch the public hearing (6 min)

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.

Attachments

PDFAmendment No. 1 to BL2026-1451
PDFAmendment No. 2 to BL2026-1451

Data sourced from Nashville Metro Council Legistar. Last updated: August 12, 2026