A Boston hedge fund is financially backing a $400 million mixed-use development planned for the site of the Nashville Convention Center, as local developer Spectrum | Emery and partner OliverMcMillan of San Diego face a year’s-end deadline to demonstrate they can acquire the property from Metro.
Nashville Business Journal reports the Baupost Group submitted a letter to Metro in September, in which a firm partner asserts the group has “the capacity to fund the acquisition and development of the property,” which has, in recent weeks, been the subject of some debate.
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