East Bank Activates Brochure

Oracle Pedestrian Bridge

East Bank The Plan for Nashville’s At-a-Glance Next Great Chapter New pedestrian bridge, paid for The East Bank Plan is the product of the city’s most intensive by Oracle, connects Germantown community engagement process since NashvilleNext and is foreshadowed by the Civic Design Center’s 2005 The Plan for to East Nashville Nashville. It transforms the 338 acres of underutilized land along the Cumberland River into thoughtfully planned mixed-use New enclosed Stadium – neighborhoods. The Plan calls for city-wide improvements in paid for by Titans, State, and transportation and mass transit, market-rate and affordable visitors – not Metro taxpayers housing, flood resilience and river management, parks and greenways. It also prepares the way for a new cultural hub in New East Bank Boulevard the heart of the city located along a grand new central park. connects Nashville via multimodal options More than just a stadium plan (one which saves Metro taxpayers billions), the East Bank Plan establishes a new relationship with New 50+ acres of parks along the the river. Future live-work-play communities located along river and 10+ miles of connected the Cumberland will have multi-modal connectivity, dedicated bus lanes, a pedestrian bridge, accessible parks and greenways, greenways; New cultural hub and a mass transit route to the airport. The Plan reconnects neighborhoods and gives residents a new way to get around New affordable housing built town without getting on the interstate. along transit corridor Over the past four years, Nashville has made transformational New economic opportunity, investments in our public schools, first responders, parks, including thousands of affordable housing, infrastructure, and homelessness while good-paying jobs implementing fiscal reforms that have earned Metro its highest bond rating in its 60-year history. The smart growth vision in the East Bank Plan builds upon these investments to benefit neighborhoods across Nashville. Both these investments and the East Bank vision prepare Nashville to be the most successful city in the United States in the generation ahead.

Table of Contents The East Bank Map ................................................................................................ 2 Current East Bank Isolated From Downtown and East Nashville ............ 4 New Oracle Campus Launches East Bank Transformation ........................ 6 Old Lease Would Have Obligated Metro Taxpayers to Pay $1.9 Billion ...... 8 Enclosed Stadium Deal is a Win for Metro ..................................................... 10 New Transportation Infrastructure Relieves Gridlock, 12 Reconnects Neighborhoods ............................................................................... Nashville Reclaims Billion-Dollar Land ............................................................ 14 The East Bank Generates New $2.6 Billion Tax Base .................................... 15 New East Bank Park Anchors Cultural Center ................................................ 16 Parks and Greenways Connections Enhance Quality of Life ..................... 18 Building Affordable Housing on New Transit Corridor ............................... 20 Strengthening Neighboring Communities...................................................... 21 Jobs & Economic Opportunities for Nashvillians .......................................... 22 Smart Growth Strategy Increases Flood Resilience ..................................... 23 East Bank at its Best ............................................................................................. 24 1

Conceptual Design of the Central Waterfront Neighborhood from the Imagine East Bank Plan 2

East Bank Plan creates transformational progress: 1 2Vibrant cultural New multimodal hub is born from transportation, including underused, isolated and the Boulevard, will help locals empty space. get around without using the 3 Parks, 10+ miles of interstate. new greenways and a pedestrian bridge will connect 4 Affordable, mixed- income housing well- Germantown to East Nashville connected to mass transit and essential retail is central and Shelby Bottoms. This creates 50+ acres of new to the East Bank Plan. parkland between the new 5East Bank, Cumberland and Wharf Park. Economic opportunities will include tens of thousands of construction jobs, with high goals for participation by minority and women-owned businesses.   3

Current East Bank Isolated From Downtown and East Nashville Despite its prime Nashville location, East Bank has been crumbling, underpopulated and underdeveloped Untapped Potential Downtown Nashville and East Nashville DRAINING Bordered by the Cumberland River but neighbors. Local parks and greenways do TAXPAYER DOLLARS isolated by the elevated Interstate, Nashville’s not reach the East Bank. The challenging Under the 1996 lease, East Bank has held great potential but interstate design and the lack of north- Nashville taxpayers lacked connectivity and purpose. Spanning south thoroughfares have forced local would be legally 338 acres directly across the river from drivers onto the interstate for short in-town obligated to pay an Downtown Nashville, the East Bank largely trips. Stadium event traffic blocks East estimated $1.9 billion consisted of sprawling asphalt parking lots Nashvillians from convenient routes to in taxpayer-funded and underutilized land. There has been other parts of town. renovation and no developed greenspace, no thriving maintenance costs businesses, no retail or cultural destinations, Opportunity for Renewal over the next 17 years. and most importantly no housing units. Nashville has seized a rare opportunity to The East Bank’s only notable features have transform the East Bank into a thriving been a stadium in need of renovation and community created for its residents depreciating light-industrial buildings. – present and future. Sustainable development, mixed-income housing, Isolated from Surrounding Community extensive green space, next-generation The East Bank’s current infrastructure infrastructure and reconnected roadways thwarts connections of all kinds. Cut off with transportation innovation will from neighboring communities by I-24 and transform the East Bank from barren to the Cumberland River, the East Bank has active; from abandoned to abundant. sat alone in stark contrast with its vibrant Key Challenges 1. River and interstate have isolated the East Bank from the rest of Nashville 2. Empty parking lots have not served Nashville residents 3. City has lacked connectivity through downtown and into neighborhoods 4. The Old Stadium lease would have been a crushing financial anchor around the city’s neck 4

INNER LOOP TRAFFIC GRIDLOCK Nashville’s maxed-out interstate system has isolated East Bank and created citywide gridlock forcing locals to compete with regional interstate traffic. Underused. Isolated. Vacant. East Bank has long been severed from Nashville’s communities and economic vitality. INCOMPLETE I-24 BOUNDARY STREET NETWORK 1.4 MILES East Bank has lacked a The interstate has street grid, requiring five separated East Bank from turns to travel from north Edgefield, Maxwell Heights to south. and other East Nashville neighborhoods. RIVERFRONT BOUNDARY 1.7 MILES The underused East Bank has blocked Nashvillians from reaching and enjoying the Cumberland River waterfront – a waste of a vital treasure. LACK OF INROADS Limited throughways have bottlenecked connection and increased isolation on the East Bank. 5

New Oracle Campus Launches East Bank Transformation Software company creates 8,500 permanent jobs with $1.35 billion investment in Nashville and provides a new pedestrian bridge and crucial infrastructure Investment Sparks Change Alleviating Infrastructure Burden No private investment in Nashville history has By pumping private dollars straight into the rivaled the transformative promise of Oracle’s long-neglected area, Oracle is shouldering the state-of-the-art 65-acre East Bank campus. upfront cost for much of the public infrastructure Along with setting a new economic development necessary for the neighborhood. Oracle has precedent for prioritizing the interests of committed to pay up to $175 million for crucial Nashvillians and communities, the Oracle deal infrastructure, including: – filed by Mayor John Cooper and unanimously • Full cost of new pedestrian bridge approved by the Metro Council in 2021 – is the • Public parks, greenways, roads, stormwater catalyst for the East Bank’s rebirth. management improvements, environmental remediation and a sewer pump station • Oracle will be reimbursed over 25 years, without interest, through a 50% abatement on its own incremental property taxes generated onsite Oracle Campus Oracle Pedestrian Bridge 6 paid for by Oracle

Oracle Brings More “This is transformational, Than its Campus once in a lifetime.” New campus sparks East Bank Economic Development Commissioner Bob Rolfe, renaissance with more than 8,500 high-paying The Tennessean May 4, 2021 direct jobs, new infrastructure and “The Oracle bridge will be a vital link — pedestrian-friendly upgrades. not just in terms of physical connectivity, but I believe as a symbol of Nashville’s Opportunities for All growth and prosperity.” People will gravitate towards the East Bank to live, work and play. Oracle alone will create 8,500 high- Bill Freeman, Nashville Scene, July 6, 2023 paying long-term positions, 11,500 indirect jobs and 10,000 construction jobs. A minimum of 20% of project contracts will go to minority-owned small businesses. In short, Nashville’s historic Oracle deal is a win for us all – and will long be remembered as the origin of the East Bank’s renaissance. East Bank Boulevard Woodland Street Approximate James Robertson Parkway footprint of current 7 stadium, to be demolished once new venue is completed Jefferson Street

Old Lease Would Have Obligated Metro Taxpayers To Pay $1.9 Billion City’s original 1996 Titans agreement put locals on the hook for costly renovations and upkeep An Existing Burden renovations. Finally, experts estimated that The original 1996 contract obligated it would then cost an additional $235 million Nashville residents to keep the Old Stadium to maintain the stadium in good condition in good condition and competitive with over the remainder of the 17-year lease comparable facilities until 2037. To stay period. In total, the old lease would have cost compliant would require money that would Metro taxpayers $1.9 billion, according to an need to be paid from the same general fund assessment by Venue Solutions Group (VSG). that supports our schools, first responders and general services. Bringing the aging Old Stadium Becomes Money Pit for Metro open-air facility up to the contractual The Old Stadium does not meet the full “good condition” standard would have cost demand for events so it cannot meet its Nashville taxpayers roughly $362 million. revenue-generating potential. That is a In addition, taxpayers were contractually problem, especially while its leeching Metro obligated to bring the Old Stadium in line taxpayer dollars. The land surrounding the with comparable stadiums, which would Stadium is lease-locked, stagnating the have cost an estimated $1.3-$1.5 billion in entire area. $1.9 Billion Over the Next 17 Years Under the 1996 lease, Metro taxpayers were on the hook for billions to restore the open air facility. 8

What’s Old Stadium Deal New Stadium Deal Best for Nashville? - Paid for by revenue bonds that Paid for by Titans, State and visitors, not are 100% guaranteed by Metro by Metro taxpayers; City owns a well- taxpayers maintained stadium at end of the lease - 65-acre campus of city-owned 65-acres of unused Metro land reclaimed land encumbered for surface for development into new neighborhoods parking and unavailable for other that will provide housing, new parks and community uses greenways, and upgraded infrastructure - Nashville taxpayers obligated to pay Team to pay for any construction for 100% of stadium maintenance, overruns, and all future capital improvements and renovations maintenance and improvements $1B $1.9B of city-owned land contractual obligation trapped in 17-year lease for first-class stadium as surface parking renovation and maintenance Lack of multimodal street plan impedes future development 9

Enclosed Stadium Deal Is a Win for Metro Entire cost paid for by Titans, State and visitors A Financial Win for Nashville neighborhoods and increase well-located affordable Nashville taxpayers avoided a billion-dollar renovation housing through a new transit corridor that will improve obligation on the Old Stadium and instead get an the lives, experiences and opportunities of generations enclosed New stadium, funded entirely by Titans, State of Nashvillians. and visitors. Under the latest contract, the Titans agreed to remain in Nashville for another 30 years, a boon for Year-Round Economic and Community Development the city’s economy and a win for local communities. To build the enclosed stadium, Metro set a goal of 25% minority- and woman-owned business participation – From Tax Dollar Drain to New Revenue Source the largest dollar opportunity for inclusion in Nashville The enclosed stadium saves Metro taxpayers in several history. The stadium will also include a 12,000 sq. ft. ways, including taking locals off the hook for $1.9 billion in multi-purpose community space for nonprofits and contractually required renovations and maintenance on community groups. Once the new 1.7 million sq. ft., the Old Stadium. The City is permanently removed from 60,000-capacity facility is completed, the East Bank will future obligations for stadium repairs and upkeep. With attract large-scale events previously out of reach for the deal, the city regains ownership and use of $1 billion Nashville – such as Super Bowls, Final Fours and College worth of prime real estate – roughly 65-acres under the Football Playoffs. With weather cancellations no longer current stadium as well as parking lots. Long-term, the a concern, the New Stadium will have 365-day activation increased tax base will garner the city billions (including and job-creation potential. an estimated $3.1 billion tax increment over 30 years from the entire East Bank) and allow Metro to reinvest in The finalized agreement for the enclosed stadium its residents and neighborhoods. creates a defining victory for the local workforce, minority contractors, and sports and entertainment fans So Much More than Football: Transit and Housing – and most of all, Nashville taxpayers. This financial swing in the city’s favor is remarkable. But even greater is the project’s power to reconnect This is Best A dome stadium can for Nashville be used 365 days a year. New stadium deal swings billions Super Bowl | NCAA Final Four to the City’s benefit: TSU Football | Concerts $ 2.1B+ Well-maintained stadium owned by Metro at the end of the lease $ 1.0B+ 65-acres of valuable land returned to Metro $ 3.1B+ Property tax increment from entire East Bank over 30 years, allowing the city to invest billions back into greater Nashville 10

~60,000 seat stadium 1.7 million square feet designed to maximize sustainability, minimize waste, achieve net energy and net water status Titans, State, and visitors pay for new $2.1 billion enclosed stadium 11

“When you ease mobility through one part of Nashville, you ease access to other parts, and that’s the brilliance of the East Bank mobility hub and transit priority lane.” Jessica Dauphin, President Middle Tennessee Transit Alliance New Transportation Infrastructure Relieves Gridlock, Reconnects Neighborhoods East Bank Boulevard and Mobility Hub will improve entire system capacity, while connecting thousands to housing and jobs New Connection Relieves Congestion East Nashville. A new grid of walkable and QUICKER TRIPS Nashville’s newest neighborhood on the bikeable streets and greenways will make FOR LOCALS East Bank will be its greatest conduit for it easier for residents to get around town, Increasingly regional transportation access. The largest traffic resuscitating the former dead zone near the traffic is being routed and transit initiative in Metro history, the heart of the city. through downtown East Bank Plan harnesses infrastructure adding to our gridlock investments to enhance city roads and Nashville’s Most Effective Transit Investment challenges. The East enable local traffic to move throughout East Bank offers residents an opportunity to Bank Plan directs local Nashville interstate-free. For those traveling live in a neighborhood built around transit. A traffic away from the from nearby communities like Donelson, new multimodal boulevard running through maxed-out interstate, major corridors like Lebanon Road or the East Bank will connect thousands living providing seamless Murfreesboro Pike will flow into the new East along the corridor to essential resources, north-south connection, Bank Boulevard and ease local travel. while keeping as many as 21,400 local allowing Nashvillians to vehicles off the interstate each day. The reduce travel times and Creating North-South Connection Boulevard offers a new way to get around reliance on I-24 and I-40. the City Always Lacked by car, bike and foot – and will also connect Nashville’s city center has never had north- to a network of mobility hubs servicing south connectivity. The new East Bank high-capacity bus rapid transit (BRT) Boulevard will transform the underused routes including to Murfreesboro Pike, and district into a live-work-play environment ultimately, the airport. integrated with neighboring Downtown and Vehicles Per Day VEHICLES PER DAY Current 2045 5,000 50,000+ Based on GNRC’s travel demand model. 2045 Extent of Reccuring Traffic Congestion Current 12

East Bank Boulevard Will Reconnect Nashville’s Neighborhoods To Parkwood To Madison & Whites Creek Estates Gra Mar Goodlettsville Hillhurst & Joelton Acres Whites Creek Pi Brick Church Pike Maplewood Dickerso n Pike Heights Ellington Parkway Haynes Trinity Gallatin PikeCapitolMaynor Inglewood Manor View Place ke Hills Haynes Heights 21,400 Highland THE HEART OF NASHVILLE’S Heights TRANSIT NETWORK A mobility hub on the East Bank South serves multiple WeGo bus routes Inglewood through the area — including several of the system’s busiest. Local cars removed Cleveland It provides multimodal transfer from interstate Park opportunities to buses, bikes per day or walking. Eastwood Greenwood River McFerrin Lockeland North Park Springs Jefferson Street Maxwell Five Heights Points Edgefield Donelson To Hermitage Donelson Cayce Hills East Place Eva Mor Heights Bank NEW Multimodal Boulevard Le ke Charlotte Avenue NEW Multimodal banon Pi Merry Oaks Bluefields Bridge Rolling Mill Hill Elm Hill Napier/Sudekum Chestnut Hill Trevecca Spence Nazarene Lane MILES OF VEHICLE- Raymond Heights Murfreesboro Miro Meadows Nashville FREE MOBILITY Woodbine International The East Bank is set to have the Pike most robust bicycle network in Airport Nashville, while the East Bank Greenway will run the length of East Thompson the Cumberland River connecting to Germantown and out to Shelby To Antioch & Bottoms Park, creating miles of Murfreesboro vehicle-free mobility options. 13

“This is a new Nashville that recognizes the old Nashville and helps to enhance those existing neighborhoods which have so much to give to the rest of the city.” Kim Hawkins, Founding Principal, Hawkins Partners Nashville Reclaims Billion-Dollar Land Metro to use land trapped in old lease to achieve longstanding community goals Using Metro-owned Land to Woodland St. Meet City Needs Main St. Building upon the Oracle and Titans deals’ infrastructure enhancements, Metro’s next step in moving the East Bank Plan forward is transforming city-owned land around the New Stadium from parking lots to mixed-use development. In January 2023, Metro began the selection 2nd Street East Bank Boulevard Korean Veterans Blvd. process for a master developer for the Mobility initial development area of 30-acres of the city-owned East Bank Central Waterfront Hub neighborhood. Metro expects to make a East Bank Boulevard selection by the end of summer 2023 and enter one or more long-term ground leases. James Robertson Pkwy Approximate Seigenthaler Bridge footprint of current Selection Criteria for RFQ Partner stadium, to be demolished Metro is completing an RFQ process to once new venue is select a private master development partner. A selection committee is set to completed evaluate submissions to identify a partner with demonstrated experience: RFQ Initial Development Area Other City-owned land/future development area • Developing mixed use, urban PHASE 1: TRANSFORMING 30 ACRES INTO OPPORTUNITY FOR NASHVILLE environments over multiple phases Metro is reviewing development proposals for land under Old Stadium with a commitment to matching or exceeding Oracle and Titans minority- and • Incorporating transit-oriented woman-owned business contracts. development and place-making strategies Central Waterfront, Approx. Acreage • Leveraging a sports, arts and/or Metro-owned land entertainment venue-adjacent context 30 Initial Development Area (RFQ) 22 • Incorporating sustainable design concepts Future Development Area 45 into developments Public access (Parks/ROW) 20 New Stadium 117 • Embracing inclusion of affordable housing and equitable development principles Total • Delivering new public infrastructure The selection committee will also evaluate submissions based on experience developing along riverbanks requiring flood mitigation strategies, use of diverse local businesses and suppliers, and the creation of new neighborhoods serving existing nearby resident needs. 14

A Transformed East Bank Will Generate More Than $2.6 Billion in New Revenue Our sharply increased East Bank tax base will fund citywide initiatives Expanding Our City’s Tax Base one or more ground leases it will sign with The East Bank will bolster Nashville’s bottom its master development partner, and the line. RCLCO, a real estate consulting firm, additional sales tax collected on the entire estimates that the East Bank will generate East Bank (expected to be more than $2.6 Billion of new property tax increment $500 million over 30 years on the city- for the city over 30 years. Since there are no owned land alone). announced plans to redevelop the site, this estimate does not assume any new property New Revenue Source Supports City Needs taxes from the potential redevelopment of Metro can use funds generated by the new the Shelby Bend neighborhood where PSC East Bank tax base to support the city’s Metals currently operates. Additionally, as greatest needs. Nashville schools, public the main landlord of the Central Waterfront safety, housing and infrastructure will all neighborhood, Metro expects to generate a benefit from tax dollars generated by the significant amount of new revenue from the East Bank’s economic activity. River North Capitol Crossing Central Waterfront Shelby’s Bend Property Taxes Property Taxes Property Taxes Property Taxes FY23 = $4.7M FY23 = $0.4M FY23 = $1M FY23 = $0.5M 30yr Est. = $434M 30yr Est. = $817M 30yr Est. = $725M 30yr Est. = TBD Jefferson-Spring Property Taxes FY23 = $0.6M 30yr Est. = $587M 15

5 EAST BANK MOBILITY HUB New East Bank Mobility Hub will add service and reliability to entire system. Mixed income housing to be built on top of mobility hub. New East Bank Park 5 Anchors Cultural Center Expansive family-oriented arts and recreation destination will replace the Old Stadium New Jewel in Nashville’s Park System Recreation and Transportation The East Bank plan’s centerpiece will be The plan incorporates riverfront activation a community park (roughly the size of and multimodal options to connect Centennial Park’s Great Lawn) that is certain surrounding neighborhoods, ensuring that to make East Bank a prized gathering space the East Bank’s emphasis on cultural and for local families and visitors alike. The new community enrichment will be available to park will be built where the Old Stadium all for generations to come. currently sits and surrounded by a new center for arts, culture and recreation. Cultural Destination 1 This cultural epicenter makes available future sites for the Tennessee Performing Arts Center (TPAC) and Nashville School of the Arts. With its bustling, new urban transit center, the East Bank will epitomize Nashville’s creative soul near the heart of Music City. NASHVILLE SCHOOL OF THE ARTS Potential location for public high school 16

World Class Culture EAST BANK PARK on the Cumberland: 15 acres of new greenspace (roughly the size of the Great With abundant new spaces to enjoy Lawn at Centennial Park). the arts, the East Bank is re-envisioned 2 as the city’s new creative core. East Bank Boulevard East Bank Boulevard 1 2 4 4 33 RIVERFRONT ACCESS STATE-FUNDED TPAC SITE 1.7 miles of riverfront Potential location for TPAC, potential for dining, which has already received boating, or other $200 million in funding from recreation. the State and expects another $300 million in 2024. Source: Vltava Philharmonic 17 Hall in Prague /BIG Architects

“To think that you can start in MetroCenter and walk or SHARED-USE PATHS ride your bike to the East Bank with this new greenway Wider pathways support multiple connectivity is really exciting.” recreational and transportation modes, including walking, biking, roller-skating Mekayle Houghton, Executive Director, Cumberland River Compact and other accessible uses. New Parks and Greenways Connections Enhance Quality of Life Nashville residents will benefit from new parks and connected greenways along the revitalized Cumberland bank Adds Desperately Needed Park’s; playgrounds and recreational fields; a Greenspace to Urban Core dynamic riverbank threaded with trails and Tomorrow’s East Bank swaps its current overlooks; and a marina on the Cumberland for boating, kayaking and paddle boarding. asphalt sprawl for welcoming park space, Designed with stormwater management functions, the park will be built to withstand scenic greenways and reclaimed riverfronts, and mitigate potential flooding. putting all of Nashville on a more sustainable and cohesive path. The East Bank Plan fills a gap in the Metro The renewed celebration of the Cumberland parks and greenways system through the extends to the West Bank, where the addition of the expansive East Bank Park greenway system connects to a renovated and connections to Cumberland, Riverfront Riverfront Park and continues to the new and Wharf Parks. Encompassing more than 25-acre Wharf Park just south of downtown. 50 acres of parks and 10 miles of greenways, Complete with a riparian forest and rock the East Bank and riverfront will become quarry, Wharf Park embraces the river and a natural refuge in central Nashville. The recognizes its unique location within the city. greenways and park system will also connect to the nearby Naval Reserve building – to be Linking Our Greenways transformed into a bustling community hub Running the Cumberland River’s length – and out to the Brown’s Creek Greenway. within the Downtown interstate loop, the East Bank Greenway will also link up to the New Parks Along the Cumberland Oracle pedestrian bridge, connecting a 20- Until the East Bank plan, Nashville’s mile span from MetroCenter to Stones River Downtown offered scant ways for locals and Percy Priest Lake. to enjoy the river. From orienting area businesses toward the Cumberland River to By knitting together Nashville’s built and creating Waterside Drive along its shoreline, natural environments, the East Bank will the new East Bank will renew and revitalize connect residents to recreational areas and Nashville’s relationship with the Cumberland. strengthen communities. East Bank Park, the community’s CREATING NASHVILLE’S centerpiece, will span approximately 15 ROBUST BIKE NETWORK acres between the New Stadium and the Connectivity created by the East Bank Cumberland River, complimenting existing Greenway creates safe cycling Cumberland Park. The urban haven’s design infrastructure from Percy Priest Dam, includes a central lawn as large as Centennial Centennial Park and beyond. 18

50+ Acres 10+ Miles Of parks and greenspace are planned Of walking and bike paths are under between East Bank, Cumberland, and development, eventually providing an uninterrupted connection from Wharf Park to serve as gathering Centennial Park to Shelby Bottoms. spaces for Nashville’s people. RIVER-LINED PARKS These spaces provide unprecedented visibility of and accessibility to the Cumberland River. FORT NEGLEY PARK WHARF PARK The re-envisioned and restored The vision for this 25-acre open-air museum is seamlessly property includes fitness trails, connected to the greenway system. picnic shelters, nature play areas, basketball courts, river access, 19 and more.

“The new residential on the East Bank, along with neighborhood amenities and transit, will make the city core a more affordable and vibrant place to live, work, play and invest.” Tom Turner, CEO of the Nashville Downtown Partnership Building Affordable Housing On New Transit Corridor Plan transforms East Bank from desolate to a vibrant mixed-income community Big Housing Goals Require The East Bank Boulevard will serve as Big Housing Vision the area’s main corridor, with dedicated To meet rising demand, the 2021 Metro bus lanes, a mobility hub and a network Affordable Housing Task Force Report called of new bike lanes. The East Bank Mobility for a sharp increase in housing supply Hub will be topped with mixed-income across all income levels. The East Bank plan housing, connecting residents with addresses Nashville’s housing goals by direct access to transportation. building units for residents earning above and below the area median income. The East Bank is the single largest opportunity for Metro to add housing supply to serve all incomes. Frees Up City Land for 5TH STREET TRANSIT CORRIDOR Mixed-Income Housing The East Bank’s new multimodal The 2021 Task Force also recommended that Boulevard will connect to Metro “strategically leverage underutilized 5th Street, turning nearby publicly owned lands to create housing in communities like Cayce areas of opportunity.” The East Bank plan Place into live, work and play will accomplish this by transforming 65 neighborhoods. acres of City-owned land formerly occupied by the Old Stadium and surface parking lots Did you know? into a mixed-income community. Through an RFP process and contract negotiations, Metro can The East Bank’s full 338-acre footprint will guarantee that the city’s development partner builds housing house thousands of Nashvillians in entirely new neighborhoods. Fully built out, the East options on city-owned land on the East Bank. Bank will allow Nashville to dramatically increase our housing stock by adding more new housing units over the course of the project than all of Davidson County in 2022 (8,604). These homes will be well-connected to mass transit, jobs and essential resources. Transportation Is Affordability “Finally Nashville is adopting a national best practice by Households’ second-highest expense unlocking its public land to create housing with a range is transportation, a key element of of affordability options along transit corridors.” affordability. As a walkable neighborhood with mass transit, the East Bank will allow Angela Hubbard, Director of the Housing Division at Metro Planning residents to be less car dependent. 20

Strengthening Neighboring Communities New transit connectivity in a thriving business district will benefit residents in East Bank and beyond Reconnecting Cayce Place Residents to Jobs, Retail, Greenways Isolated by the interstate for years, Cayce Place residents have lacked convenient access to essential resources. The Master Plan for the Cayce Place Transformation calls for 2,400 new mixed-income apartments, which includes a one-for-one replacement of the original 716 affordable apartments. Living less than a mile from the East Bank Boulevard, MDHA residents will join a live- work-play environment connected to mass transit, jobs and new greenspace. New retail including a grocery store will eliminate food deserts and provide residents with new shopping options. The East Bank Plan works in unison Envision Cayce’s Kirkpatrick Park with the Affordable Housing Task Force to achieve a major goal of strategically leveraging underutilized publicly owned lands to create housing in areas of opportunity. East Bank Benefits MDHA East Bank & Beyond: The benefits of the East Bank’s Live, Work, Play transformation will extend to neighboring properties. This includes the more than The East Bank Plan will dismantle physical and cultural barriers 80 acres owned by MDHA between its that have hindered East Nashville neighborhoods for 65 years. Cayce Place and CWA Plaza Apartments New transit, connectivity and a thriving business district will communities along 5th Street adjacent the support the well-being of residents in East Bank and beyond. East Bank. The greatly enhanced vacant land value will encourage more favorable terms with MDHA’s development partners. 21

Jobs & Economic Opportunities for Nashville Initial projects on East Bank build-out already include more than $750 million in minority- and woman-owned business contracts Creating Local Jobs 25% goal for minority- and women-owned East Bank will generate diverse employment business participation. Between the two opportunities from construction to office, projects, that creates more than $750 million retail to restaurants. Oracle expects in contract value for minority- and women- to create 8,500 permanent jobs, 11,500 owned businesses before factoring in any indirect jobs and 10,000 construction work done on city-owned land in its initial jobs. The Titans estimate creating more development phase. East Bank job creation than 19,000 construction-related jobs and will fuel employment for the next decade. supporting nearly 5,000 annual and part- time jobs. Further East Bank commercial Prioritizing Our Workforce and infrastructure development projects will These projects open the door for more create tens of thousands of additional jobs. skilled trade apprenticeships, contributing to a robust local workforce. Partnerships Unprecedented Opportunities for Minority- with building trade unions will ensure locals and Woman-Owned Businesses are well-represented on job sites. To the Oracle has set a goal that a minimum of 20% extent allowed by state law, Metro will require of contracts go to minority- and women- stringent worker safety measures, wage theft owned businesses. The Titans have set a protections and living wage commitments. MBE Participation on Recent Largest Metro Projects Metro Project Total Investment MBE Construction Total MBE AN EQUITY MILESTONE Total contracts awarded (Year opened) Goal/Actual Construction Spend to minority- and women- owned businesses on New Titans Stadium (’27) $ 2.1 Billion 25% / TBD $ 525.0 Million (Est.) the New Titans Stadium Geodis Park (’22) $ 210 Million 30% / 36% $ 75.8 Million project alone will be First Horizon Park (’15) $ 70 Million 20% / 28% $ 19.6 Million more than 2x the three Convention Center (’13) $ 415 Million 20% / 33% $ 136.0 Million previous major Metro projects – combined. *Minority Business Enterprise (MBE) “If we get this right it will lift folks out of poverty as they build Nashville’s infrastructure future.” Glenn Farner, Business Manager/Secretary-Treasurer, LIUNA 22

Smart Growth Strategy Increases Flood Resilience District-wide plan optimizes stormwater management and makes room for the river Building a neighborhood from the ground Reducing Flood Risk up allows Nashville to implement the most Widening the floodplain will mitigate risk advanced stormwater management and by providing more space for water to flood mitigation practices. It’s good for spread during high-volume rain events. the city’s sustainability and environmental By reducing velocity in the river channel, goals and builds a safer and more resilient encouraging groundwater infiltration infrastructure for residents. and reducing erosion, the East Bank will increase flood resilience. Unlike “hard” Comprehensive Stormwater Management infrastructure, such as pipes or flood walls, Traditionally, stormwater is handled parcel- this strategy maintains public access to the by-parcel or project-by-project, with river. Together, these strategies can help each property responsible for managing avoid devastating damage to human life, stormwater onsite before it re-enters the property and ecological systems. municipal drainage system. Because the land on the East Bank is currently underdeveloped and a portion is Metro-owned, Nashville has a rare opportunity for a wholistic district approach to stormwater management. By connecting and sharing infrastructure among all district developments, Metro is optimizing flood resiliency. 23

East Bank at its Best 1. New multimodal 2. Bikeways & 3. Wide neighbor- 4. Riverfront 5. East Bank 6. Resilient Boulevard greenways hood sidewalks activation Mobility Hub landscapes provides north- spanning 10+ miles will span between reorienting the making the entire integrating south connectivity and connecting to 10 and 20-feet city toward the system more district-scale and Nashville’s first parks across the across. Cumberland River. efficient and stormwater and dedicated bus lanes. city. resilient. flood management. 13 Jefferson Street 6 2 24

As Nashville thrives, we have a once-in-a-lifetime opportunity to connect the city’s network of neighborhoods with the development of a flourishing and inclusive East Bank. From transit to housing, recreation to culture, the East Bank Plan envisions an unparalleled place to live, work and play – for all Nashvillians. 7. Mixed-income 8. Enhanced tree 9. Buried utilities 10. LED street lights 11. EV charging 12. East Bank Park housing for all canopy planting eliminate weather- featuring smart stations support featuring family- socioeconomic 2,500+ new trees technology saving the city’s climate oriented green along neighborhood related disruptions. energy, lessening space similar in backgrounds. streets and in new light pollution, and goals. size to Centennial East Bank Park. reducing costs. Park’s Great Lawn. 9 5 11 10 7 8East Bank Boulevard Korean Veterans Boulevard 12 Woodland Street 4 James Robertson Parkway

“Nashville’s East Bank promises to be one of the most compelling American urban redevelopment projects of this decade because it plans to transform a large, blank slate of asphalt along a riverfront and adjacent to a thriving downtown into a livable, connected community with mixed-income housing, transit, recreation and the arts.” Richard Florida, author Rise of the Creative Class To learn more, visit: EastBankPlanNashville.com This project is made possible by Pinnacle Financial Partners in collaboration with the Nashville Mayor’s Office