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Metro staff outline master development deal with Fallon for East Bank; council presses on parking, affordability and guardrails
Summary
Council members reviewed a proposed master development agreement with the Fallon Company covering roughly 30 acres on the East Bank. Officials addressed parking obligations (Metro must maintain about 2,000 spaces), a proposed 15% floor for 2- and 3-bedroom units in affordable buildings, workforce protections against misclassification, and the plan to create a new East Subdistrict in the downtown code.
Metro administration and Fallon-affiliated developers presented details of a proposed master development agreement for about 30 acres on Nashville's East Bank and answered council members' questions about parking, zoning, affordable-housing mix and oversight.
Bob Mendez (mayor's office) summarized the agreement as the pacing and staging plan for roughly 30 of Metro's 110 developable acres near the pedestrian bridge and stadium, aiming for a mixed-income, mixed-use neighborhood that protects pedestrian and bike mobility, limits short-term rentals and constrains concentrations of bars and hotels in the new district.
On parking, Mendez said Metro currently has roughly 7,500 surface parking spaces and must provide about 2,000 clear spaces during stadium construction. "We can move up to 500 spaces outside the immediate campus, to a different site as long as it's, I think, within a half mile," he said, adding that…
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