Vintage Century Farms

Vintage Century Farms

Metro and its Industrial Development Board in October commenced an agreement to shell out up to $50 million to the developers of the Century Farms area of South Nashville.

The IDB plans to issue one or more series of bonds totaling as much as $50 million appropriated from Metro’s Special Assessment revenues — one dollar generated per $100 of assessed value of any real property targeted in an assessment of all properties in the so-called “center city area” of South Nashville. The bonds will be issued by way of the terms of a trust indenture between the IDB and Regions Bank in an agreement that has been in the works since 2017 but is the fruit of Mayor Karl Dean-era efforts to revitalize an area once commercially dependent on a mall that failed.