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
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.
