January 17, 2008
$1,000 for every man, woman, and child
The latest plans for a new downtown Nashville.convention center have costs increasing to $595 million, plus $40 million for parking garages, plus a 1,000 room hotel that will have developers looking for property tax breaks. That's over $1,000 for every resident of Metro Nashville-Davidson County. While supporters say that the costs will be paid by taxes on out-of-town visitors, the taxpayers of Davidson County will ultimately be on the hook. Our pockets are already paying for the Titans' stadium and the Predators' arena. In addition, it will have the city government competing with private companies such as Gaylord Entertainment which is expanding its own Nashville convention facilities. Before its over, will this be a billion-dollar boondoggle?