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: 
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