The Metro Council on Tuesday unanimously approved the economic impact plan for the planned Oracle tech campus and surrounding River North infrastructure, including an extension of Cleveland Street that will allow vehicular, bike and pedestrian connectivity between River North and East Nashville.
Projected to cost $1.2 billion, the Oracle development and public infrastructure could bring up to 1.2 million square feet of office space to the Cumberland Riverâs East Bank. For that, the Silicon Valley corporation has committed to a $175 million investment recreational spaces, streets, stormwater management and a bike and pedestrian bridge connecting River North to Germantown.
âTodayâs Oracle vote demonstrates Metroâs commitment to make the right deals for Nashville,â Mayor John Cooper said when the 40-0 resolution vote passed.
The Metro Planning Department has filed a resolution to extend Cleveland Street under Interstate 24 to enhance connectivity between East Nashville proper and the future River North.
The resolution, to be voted on Thursday, June 10, by the Metro Planning Commission, specifically targets the area of River North to be affected by the economic impact plan put for by Mayor John Cooper. The Metro Council is set to vote on that plan on Tuesday, May 4. That plan is built around and primarily consists of the proposed Oracle tech campus, which could carry a $1.2 billion price tag.
The resolution aims to connect not only Cleveland Street but also provide parallel connection for pedestrian and biking travel to two access points on Cowan Street, the street from which the Oracle site will be accessed. The two points are roughly equidistant to the northern and southern ends of the Oracle campus.
Nashville s recovery from a multi-crisis year will start with a budget that puts “people first,” Mayor John Cooper said Thursday.
In his second State of Metro address, Cooper outlined a robust agenda that seeks to push Nashville forward with major investments in education, affordable housing, transportation and pay increases for teachers and city employees.
“At the heart of our budget, we’re putting people first, fixing problems, and investing in our neighborhoods. We will bring the opportunity of the city to all the people of the city,” Cooper told a limited crowd of city leaders at Music City Center. “As long as we make these investments, Nashville’s future is bright. And we’ll re-emerge as a city that works and works for everyone.”
Nashville approves Oracle s $1 2 billion deal, heads to Metro Council tennessean.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tennessean.com Daily Mail and Mail on Sunday newspapers.
Mayor John Cooper on Friday predicted the whole country is going to be jealous of the planned redevelopment of the East Bank of the Cumberland River across from downtown and Germantown.
Cooper made the comment while touring the site of Oracle s future River North tech campus following the Metro Industrial Development Boardâs release of a document with new details on the project. In what could be a $1.2 billion development, the document notes the California tech giant has offered up to fund (and then be reimbursed for) $175 million for public infrastructure updates to the site, which eventually could accommodate multiple office buildings with up to 1.2 million square feet overlooking the Cumberland River.