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More Accolades for Nashville


Guest 5th & Main Urbanite

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It can't be said enough: 

"Similar to Austin, the only noticeable concern from interviewees is whether the current infrastructure will be able to keep up with growth at its current pace," the report says.

Let's condense that sentence down to one word: transit.

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I realize that polls like this are just drivel, but all of these things have to make you wonder, are we still well on our way up. If you had asked me 6 months ago about a "bubble", I would have told you we are almost there. The rapid growth, the influx of people, the tv show and national press, I would say that can't be sustained for long. But now I'm beginning to wonder if we are just halfway to the "bubble" or even just beginning to see the tip of the iceberg. No one can predict these things, but it's amazing to wonder if this growth becomes exponential and how long it may last. 

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The growth in Austin has been going on now for at least a decade, and maybe even longer. It has still not slowed down and they weathered the recession as well. With the numbers of folks moving here, and that is sustained, we could be in for a long ride.

The office and residential markets still have a lot of life, but I think we will see the hotel market slow next year. I think that was noted in the latest Colliers report.

With the residential market growing like it is,  the retail sector will continue to grow as well.

We are still playing catch up with our peer cities. The next big step will be a mass transit plan start and continue for the next ten to twenty years as we are not even at the starting line yet.

Edited by smeagolsfree
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Three observations from afar (170 miles)... 

The emerging (nascent) technology industry in Nashville will be critical to sustained growth at these rates

Continued consolidation in the healthcare industry will benefit Nashville

Nashville needs to land a big event such as Super Bowl, party convention, or a Final Four for the kick to put the city over the hurdle and to be recognized as a "player" with the biggies. This will require more hotel rooms, but could spur some of those sitting on the fence (Bloom's Four Seasons, Intercontinental, et.al.)

The above will increase chances of more airline flights to/from large markets and may cinch the deal with a transatlantic to London (or?)

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Three observations from afar (170 miles)... 

The emerging (nascent) technology industry in Nashville will be critical to sustained growth at these rates

Continued consolidation in the healthcare industry will benefit Nashville

Nashville needs to land a big event such as Super Bowl, party convention, or a Final Four for the kick to put the city over the hurdle and to be recognized as a "player" with the biggies. This will require more hotel rooms, but could spur some of those sitting on the fence (Bloom's Four Seasons, Intercontinental, et.al.)

The above will increase chances of more airline flights to/from large markets and may cinch the deal with a transatlantic to London (or?)

Would the NHL All Star Weekend count as big?

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Unfortunately, we're out of the running for a Final Four or Super Bowl since we don't have a dome. If we had one then I wouldn't see a reason for us no to get one of those. If Indianapolis can host both of those then we could. 

I think Nashville could pull off a party convention for the 2020 election. By that time we'll have the JWM, Thompson, Westin, Kimpton, several boutiques and mid-range hotels open in the core of Nashville. We'll also (hopefully) have an improved transit system. It might even serve as a goal to have a new mass transit line open by then. The only fly in the ointment is that Tennessee is not a swing state, and I can't help but think the conventions are more likely to be in places like Ohio, Florida, or Colorado than here. 

We did host a major convention last year with the NRA. We'll now hopefully be on the radar for other big, politically meaningful conventions like the AMA, ABA, and union meetings. 

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Would the NHL All Star Weekend count as big?

Yeah... I thought of that one as I wrote this, and that's definitely big for hockey fans... I'd say it's still not the same. It's certainly a good start, but IMHO there's a big leap to the next big events.  Of course, the CMA Fest is a big deal but that's over a long (week +) period and the TV cameras aren't trained on the event the whole time as say, "Super Bowl Week".  Last year's game in an open stadium notwithstanding, I don't see Nashville ever getting the S.B. without an all weather venue.  I think the next big thing Nashville could go for and do well would be a Political Convention... other small markets have pulled it off. 

Edited by MLBrumby
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Someone will have to help an old man with limited memory .... If I recall correctly, the MCC/Nashville wants one of the political conventions. I think, the Republican convention is not possible due to a scheduling conflict. And I can't remember if this is for 2016 or 2020. Anyway, yes, Nashville is trying for a political convention.

The SI swimsuit, NRA, and NHL All Stars are big events. But the lack of a domed stadium limits Nashville from bigger events

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Someone will have to help an old man with limited memory .... If I recall correctly, the MCC/Nashville wants one of the political conventions. I think, the Republican convention is not possible due to a scheduling conflict. And I can't remember if this is for 2016 or 2020. Anyway, yes, Nashville is trying for a political convention.

The SI swimsuit, NRA, and NHL All Stars are big events. But the lack of a domed stadium limits Nashville from bigger events

I do know the republicans are in Cleveland next summer as I was in Cleveland last summer when they were searching for a site. I saw and heard the high speed police escorts of officials being taken to various locations as the City demonstrated how fast they can taxi people around. Ohio is important because it is a large swing state.

On the other hand, Tennessee is rock-solid, right-wing and there is no political advantage to holding a convention here. So, I don't see it happening.

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Another award for Bridgestone Arena...

BRIDGESTONE ARENA NAMED

IEBA’S VENUE OF THE YEAR

 

Nashville Tenn. (October 20, 2015) – Bridgestone Arena was named the Venue of the Year by the International Entertainment Buyers Association (IEBA) during the annual Honors and Awards Ceremony on Tuesday, Oct. 13.

 

The IEBA is the leading non-profit trade organization for live entertainment industry professionals, and works to help members improve relationships and increase revenue by offering its members networking and education opportunities.

 

“We have taken great strides over the years to fulfill our mission of being the No. 1 sports and entertainment venue in the United States,” Bridgestone Arena Senior Vice President of Booking David Kells said. “This award, along with the other accolades we have received over the last two years, is a testament to the relentless pursuit of excellence exhibited by our building staff and Metro Davidson County. We also owe a debt of gratitude to the great performers, agents, managers and promoters that bring quality entertainment to Nashville.”

 

Serving as the home for numerous national and international events, Bridgestone Arena has the distinction of being one of the busiest venues in the United States over the past decade-and-a-half. In addition to being named Pollstar’s 2014 Arena of the Year, Bridgestone Arena was named the Academy of Country Music’s Large Capacity Venue of the Year in March of 2014. Kells has also recently received recognition and was named IEBA’s Venue Executive of the Year in 2014.

 

Bridgestone Arena underwent $11.2 million in renovations this summer, and included the addition of metal detectors at each entrance, in-bowl LED lights, 7,000 seats in the Lower Bowl, new concession stands and renovated restrooms.

 

The NHL’s Nashville Predators have been the primary tenant of Bridgestone Arena since 1998 – just two years after the venue opened its doors for its first concert. On Oct. 17, 2014, NHL Commissioner Gary Bettman visited Bridgestone Arena to announce that the arena, the Predators and the city of Nashville had been named hosts of the 2016 NHL All-Star Game and festivities that will take place on Jan. 30 and 31, 2016. The awarding of the NHL All-Star Game comes on the heels of the announcement in October 2013 with the Southeastern Conference that Bridgestone Arena would be the home of 12 consecutive SEC Basketball Championships, including the 2015 SEC Tournament in March.

 

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