Mayor Karl Dean’s capital-spending plan moved forward Tuesday night, as the Metro Council approved the issuance of general obligation bonds to pay for a list of projects rolled out by the mayor and his administration over the past two weeks.
“We can now start spending money on those projects,” Metro Finance Director Richard Riebeling said. “They are really important community projects, and we’ll get moving on them right away.”
With the council’s vote on the initial resolution, the bond issuance is not to exceed $250 million. Dean’s capital-spending plan –– originally postponed following May’s flood, but tweaked and filed again earlier this month –– includes $209.8 million in capital improvement projects and another $31 million in self-funded projects.
Some of the highlights among Dean’s capital projects include:
• A revamped west wing of Hickory Hollow Mall in Antioch, which will include a new library, public health center and multi-acre public park. In addition, the mall will house a new expo center, which will feature the flea market and other events currently held at the fairgrounds property.
• Construction of a new 28th Avenue Connector that will bridge north Nashville with west Nashville near Centennial Park.
• Plans to locate a new DNA crime lab at the former Peterbilt truck manufacturing site in Madison. The former Peterbilt site will also house Metro Transit Authority’s administrative offices.
• Plans to kick-off the planning and public-input phase for a new 40-acre park at the fairgrounds site.
• $20 million in road and infrastructure work and $15.5 million in new sidewalks and bikeways.
• A new community center at Sevier Park.
“We’re going to move as fast as we can,” Riebeling said. “I think you’ll see some progress on a lot of these in the near future.”