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Melrose

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Everything posted by Melrose

  1. Melrose
    ...Until they sell of minority share(s) (perhaps even to someone who will eventually buy out the majority stake) in the team at this inflated valuation. This is the shorter term way the Adamses can and will cash in from this boondoggle.
  2. Melrose
    It feels like the Hutton has turned this restaurant over like 4 times over the last 8 years?
  3. Melrose
    Unfortunately, what it sounds like we are going to get is a Honky Tonk Central facsimile with the bad food that is common to all of Smith's places, but with the South Street name on it. Bummer....
  4. Melrose
    Great news. I know it seems like there is a lot of natural traffic/slow down in the commercial district, but I still see cars just ripping down 12th at 45-50 mph with some frequency, hopefully the circle will help. Or else, people will just drive right through it....
  5. Melrose
    Bummer that there is no retail/commercial space on the ground floor with this one, would have been a nice continuation from the redevelopment of the Beaman lots....
  6. Melrose
    May have missed it, but is there really a traffic circle coming to 12th ?
  7. Melrose
    I especially like the ground level coffee shop and restaurant, hopefully at least one will be sidewalk facing. Really want to see that kind of street level retail activation in more of the projects coming on the stretch of Church St. from I-40 up to 21st.....
  8. Melrose
    These were ready to be torn down around 2001.....
  9. Melrose
    I liked that concept several years ago (?) when they were going to do like a glass cube-type addition on this side of the building....
  10. Melrose
    So will this place not be part of any of the big brand portfolios?
  11. Melrose
    Just to be clear, there is not such thing as a "deferral" to next session. All legislation that is pending but not approved at the end of the term is effectively withdrawn. Time to start over with the next Mayor.
  12. Melrose
    The ground level retail spaces and plazas look like they are going to be great.
  13. Melrose
    Was worried earlier that this was going to look like a Steve Smith/"throw a tacky rooftop up, run a crappy bar" downtown model, but it does thankfully look a lot better than that.
  14. Melrose
    The State took away control over the "State Fair" around 2018 and created a new governing body. That Board was looking to move the State Fair pretty much from day 1. They always wanted way more acreage than the entire campus here. What is left is a regional fair, the "Nashville Fair", which is always what has been required under some very old laws, it was just that the State Fair effectively accomplished that requirement.
  15. Melrose
    Similarly, I have also seen how cars attempting to get across 3 lanes of traffic to the Valet entrance on the far left here is causing a lot of snarls right where this photo is taken. It seems like it should have been set up so Valet customers would have been routed just like Terminal Garage customers and Rental Car returns, who all go left at the previous split off of the 216A ramp and then drive around the North side to enter the garages from the East. Maybe they could have used the Rental Car return lane jointly for Valet as well.
  16. Melrose
    It wasn't ignored. There have been efforts to look at real renovations, there was even initial money for some renovations years ago, but Bristol has been floating out there for 5 years now with this proposed framework where they have no accountability. Bristol has been the one effectively blocking progress because if Metro went ahead and did a real renovation, then there would be no Bristol deal. The "10 acres of land" is a red herring being spread by Bristol to distract from the fact that they have no skin in the game in this deal. The user of the new facility, who is justifying the case for construction of that facility with their big events- i.e. Bristol and NASCAR cup race(s)- should backstop the cost of the facility. Period. Get that debt backstop, and then revise the lease agreements to actually back up the promises Bristol is making- actually limiting racing and loud events to current levels or less, and making them accountable for the sound reduction promises- And then you might have something. Right now though, it certainly looks like Bristol has not intention of doing those things because those are not their plans.
  17. Melrose
    They hit some really unlucky weather for sure. It should be noted that if there was a weather cancellation or similar significant delays that depressed attendance and spending under the current version of Bristol/Fairgrounds proposal, Metro would take a major hit from the lost revenue and have to cover the whole resulting shortfall in debt service. Bristol wouldn't be on the hook for even a fraction of this, which again is one of the many things that could have been fixed here if Bristol had been forced to negotiate a fair deal and not just the Mayor taking whatever they put out there...
  18. Melrose
    Better than I expected. I figured it would just be all of Eric Church's Rooms To Go furniture collection inside.....
  19. Melrose
    Bummed about this one only because being able to cut through the US Bank parking lot is a very handy shortcut during rush hour sometimes....
  20. Melrose
    This is the whole thing right here. Bristol has made a very savvy business maneuver to exploit the Charter amendment that requires racing to continue in some form, in order to propose a brand new megafacility located 1 mile from an urban downtown ( in this case, it just so happens to also be a city whose tourism brand is also a great fit for them). There is nowhere else in America where this would be remotely possible because obviously the notion of building a NASCAR track in an urban center is absurd. From a financial standpoint for Bristol, the play makes sense, they stand to profit enormously. Where it goes wrong of course is they are lying about their plans and spinning this as a "historic preservation and restoration", and have put forth a ridiculously one sided deal that it seems only one Mayor (the current one) would possibly consider.
  21. Melrose
    Exactly.
  22. Melrose
    Yes, they are lying. Read the agreements. But it's a second 30,000 seat venue on top of the first one, but with way fewer controls/limits. What SMI got was a deal much much more one sided in their favor, with almost no financial accountability on their part. Don't disagree, this not an entirely inaccurate characterization, in some part. But again, this Bristol proposal is so much worse and is such a change from the status quo that is the real problem. The other night at Council, Bob Mendes said that this deal "is a lot worse than the Titans deal, no matter what you thought of that deal." I know this board has lots of feelings about Mendes's feelings about the Titans deal, but if that is his take on this Bristol deal after his thoughts on the Titans deal, that should say something.
  23. Melrose
    I haven't quite figured out exactly what tier of hotel Cambria Suites falls into, but I think this is turning out nice enough, maybe a bit nicer than maybe it "should"?
  24. Melrose
    This is a false construct. Most people aren't saying close it down. They've been saying change how things are done and things have changed in recent years, there are curfews and limits and the races end a lot earlier. Ever Metro owned building or property changes or evolves over the years. This is no different. But what Bristol wants to do is not keep the status quo, they want build an all new speedway that is twice the size and operates like a modern NASCAR speedway way out in the rural areas, with all new, constant events and convention and tourism events on top. Being opposed to that is very very different than you are trying to portray.
  25. Melrose
    Thanks. The bottom line is if Bristol is bringing the big race or races that supposed make this new speedway possible (which is literally what their owner Marcus Smith has said) then they as the user of the facility should be on the hook for any debt shortfalls, especially where the debt service ratio here is sooooo much smaller than the Titans deal (I believe it is 1.2X). Where the user has not done this, like with the Sounds ballpark, Metro has been on the hook and paying the debt in recent years. If Bristol won't do this, it's pretty obviously because they know the numbers don't add up. On the sound walls, at a Fair Board meeting in December, the Fair Board Chair wanted taller sound walls than 20 feet, because she said they weren't good enough. But then that point just disappeared, so it seems pretty clear that they know the walls they want to build aren't going to be good enough.
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