Final reading next month on HCA incentives

NASHVILLE, Tenn. (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 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.


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