Basic Search  |  Geographic Searches  |  Advanced Search | Megadeals

Subsidy Tracker Individual Entry

Company: Omni Hotels
Parent Company: TRT Holdings
Subsidy Source: multiple
Location: Tennessee
City: Nashville
Project Description: convention center hotel
Year: 2010
Major Industry of Parent: diversified
Specific Industry of Parent: diversified
Subsidy Value: $128,000,000
Subsidy Value in 2023 Dollars: $179,832,395
Program Name: multiple
Awarding Agency: multiple
Type of Subsidy: 
MEGADEAL

Capital Investment: $273,000,000
Source of Data: The subsidy value and breakdown as well as the projected investment were reported in: Michael Cass, "Omni hotel gains Metro approval," The Tennessean, October 20, 2010.
Notes: The subsidy package, offered for a hotel that would be part of the Music City Center project, consisted of $103 million in tourism tax rebates over 20 years as well as $25 million for land acquisition and a 62.5 percent property tax abatement. Overlaps with main Subsidy Tracker data: none.
Source Notes: If an online information source is not working, check the Tracker inventory page for an updated link.