Bridgestone HQ moving downtown, bringing new jobs - WSMV News 4

Bridgestone HQ moving downtown, bringing new jobs

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Artist's rendering of Bridgestone headquarters. Artist's rendering of Bridgestone headquarters.
NASHVILLE, TN (WSMV) -

Bridgestone announced Tuesday they will move their headquarters to South Broadway, bringing hundreds of new jobs to Nashville.

A 500,000-square-foot tower will be built at Fourth Avenue and Demonbreun Street, changing the landscape of downtown Nashville.

Bridgestone Americas President and CEO Gary Garfield said the company was aggressively courted by several major cities, but Nashville won out.

"Nashville and Tennessee were extremely competitive," Garfield said. "It's a wonderful place to live and it's a wonderful place to do business."

Bridgestone will lease the 30-story tower. The construction project will require about 3,200 workers.

The move is expected to add more than 600 jobs as Bridgestone consolidates operations from other cities. The building is expected to be completed by late 2017.

About 1,100 employees now at Bridgestone's location near the Nashville International Airport will also move downtown.

If the council approves, Metro will provide an incentive package worth about $50 million. Bridgestone won't pay property taxes for 20 years and will receive $500 per year for each employee that's over and above the number working at the airport location.

"The economic impact on the city far exceeds whatever we're putting into it," Nashville Mayor Karl Dean said.

The state is offering its own incentive package, described as significant. It will be disclosed at a later date.

Gov. Bill Haslam said landing one of the most iconic international brands is a big deal for the state.

"I don't know how many things you can compare this to, in terms of its importance for the state and downtown Nashville," Haslam said.

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