Commission approves 30‑year ground lease to 4 13 Strong on TPS campus
Summary
Deputy Commissioner John Hall presented a 30‑year (with 20‑year renewal option) ground lease of ~18.25 acres on the Tennessee Preparatory School campus to nonprofit 4 13 Strong, which provides a residential workforce program; the commission approved the lease with waivers of advertisement and appraisal.
Deputy Commissioner John Hall told the commission that 4 13 Strong, a nonprofit operating a residential program for young men, requested a long‑term ground lease of roughly 18.25 acres on the Tennessee Preparatory School campus in Nashville to expand programming and add graduate family housing, vocational training space, daycare and a community center.
"The ground lease has a 30 year initial term with a 20 year renewal option, which is at no cost to the organization, so that they can raise money to expand their operations," Hall said, noting the organization will pay development and maintenance costs during the term and will have an option to purchase at fair market value. The commission approved the disposal by lease with waiver of advertisement and appraisal by voice vote.
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