Oracle closes on Nashville East Bank land to the tune of $254 million bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
Correction: the story has been updated to correctly spell Jennifer Birk s last name.
Metro Council members voted unanimously Tuesday night to approve the development plan of tech giant Oracle Corp. in East Nashville, clearing the last hurdle for a historic $1.2 billion investment on Music City s industrial riverfront.
Metro Council s approval Tuesday night means Oracle can now begin its work on a more detailed design of its 65-acre riverbank campus, according to company spokesperson Jim Murphy. Construction could begin as early as June.
The development, hailed by some supporters as transformational and once in a lifetime, marks the biggest economic development deal ever made in Tennessee. The proposed investment will transform the cityscape along the East Bank of the Cumberland River into the city s largest business hub.