Wilson County leaders and the CEO of the Nashville Predators revealed plans Wednesday morning to build a new arena and shopping center in Lebanon.
Lebanon Mayor Philip Craighead and other community leaders met at the Roxy Theatre for a news conference at 11 a.m.
As Channel 4 News first reported on Monday, the development will include a facility called the Cumberland Center, which can be used for a minor league ice hockey team and large retail space.
Phase 1 of the Cumberland Center is already approved for new hotel, restaurant, office and retail elements located on Interstate 40 at Highway 231 between exits 238 and 239. Site preparation has already begun.
The 700-acre Cumberland Center will bring jobs, additional property and sales tax revenue to the city.
* 1 million square feet of retail space * 500,000 square-feet of office space * 3,200 jobs for three phases of construction * A 6,500-seat (4,500 seats for hockey capacity),160,000 square-foot community events center - High school graduations, trade shows, ice shows, rodeos, auto shows, craft fairs, sales meetings and many other uses can be booked in the center - Hockey team could possibly book 40 event nights per year - Concert venue and local events * Vastland Realty Group will only sell the rights for one convention style hotel to be developed and attached directly to the Community Events Center. * Outparcels for hotels, restaurants, freestanding buildings, specialty stores and walking trails.
"I am excited about what this project offers the City of Lebanon and Wilson County. This is an opportunity to redefine what our communities are about in terms of entertainment, available restaurants and shopping and continuing our transit-oriented community," said Craighead in a news release. "Cumberland Center has included what could be our fourth train stop in its Master Plan, making it even more of a regional impact on our area."
Jeff Cogen, the CEO of the Nashville Predators, said he fully supports the project.
"We are passionate that anything that puts a stick in a kid's hand, introduces someone to hockey, especially at the quality level of the CHL, we thinks it's tremendous," said Cogen.
City leaders hope the entire project will bring in $6.7 million in tax revenue.
Council and city leaders will first have to pass resolutions voicing their support for its construction.
Developers hope to break ground on the project as soon as late October.
Future tenant faces lawsuit
One of the key tenants in
the development would be Global Entertainment, a company that is facing a lawsuit in New Mexico, according to the Nashville Business Journal.
The suit claims that the company owes thousands
in unpaid bills for a center it built and managed in New Mexico.
Global Entertainment has
already proposed similar projects in Clarksville and in Lebanon, TN in previously
years but nothing materialized.
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