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VOL. 36 | NO. 46 | Friday, November 16, 2012
Final reading next month on HCA incentives
NASHVILLE (AP) — A final vote will come next month as the Metro Nashville Council considers Mayor Karl Dean's proposed incentives to hospital owner HCA.
The Nashville-based company plans to construct two office towers in midtown Nashville, filling the 80-foot-deep hole excavated for a failed earlier development.
Dean wants a $66 million package that would provide a 100 percent property tax abatement for up to 20 years, for up to $3 million per year. The Metro Council passed it on second reading and without discussion.
The Tennessean (http://tnne.ws/WjOPNO) reported the deal comes up for third and final reading in December, along with proposals to allow a $1 million relocation fee and a $500 per employee incentive grant.
The new towers would bring 1,750 new jobs to the city.