Nashville council defers approval for $3.6M incentive to AllianceBernstein
by The Metro Council deferred approval Tuesday of a nearly $3.68 million
incentive package to lure the investment firm AllianceBernstein from New
York to Nashville.
...to move its headquarters and bring 1,050 financial jobs to Nashville. ....a $500-per-job incentive — up to $525,000 every year — for seven years. ....deferred Tuesday with no discussion at the Metro Council meeting..... ....Metro's general fund will receive reduced property taxes at the Fifth
+ Broadway project for a number of years as the result of a $25 million
tax increment financing payment that has been awarded to the developer.
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