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State Building Commission approves temporary lease of Lot 16 to TBC Tennessee
Summary
The executive subcommittee approved a temporary, roughly 22-month lease of Lot 16 (about 0.8 acres) to TBC Tennessee for use as a construction staging area supporting the Music City Loop; the motion passed by voice vote after limited committee questioning.
The Executive Subcommittee approved a temporary lease of Lot 16 — a lower, state-owned parking lot adjacent to the Andrew Johnson Building — to TBC Tennessee LLC for use as a construction staging area connected with the Music City Loop tunneling project.
Commissioner Jeff Holmes presented the item and described the lot as approximately 0.8 acres and said the requested lease is temporary, "approximately 22 months if not shorter, for the duration of the construction activity that would occur for the Music City Loop." He said the lessee would return the lot to its current condition or better and that "we have secured lines of credit" to pay for restoration if necessary.
Committee members asked procedural and risk-management questions. The commissioner confirmed The Boring Company currently holds a limited license for fencing and geotechnical exploration and said the lot's prior utilization was "probably 30% occupied." After a brief question-and-answer period, the chair called for a motion; the item was moved and seconded (no names were recorded in the transcript), a voice vote was taken and the chair declared the item passed and the lease approved.
The transcript record does not include a written lease, specific restoration financial terms, or names of the mover and seconder; those details were not provided during the meeting and are not specified in the public record included in the transcript.
