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markhollin

Oracle in Nashville: 8,500 jobs, 1,200,000 sq. ft. of space, $1.2B Investment

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24 minutes ago, volsfanwill said:

that Screams 1999.

OH btw. Im back.  havent checked the board since early May of last year.  I just spent the last 3 weeks catching back up.  there was A LOT to read!

Dang!  A year away and you come back to a completely different city! :)

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41 minutes ago, volsfanwill said:

that Screams 1999.

OH btw. Im back.  havent checked the board since early May of last year.  I just spent the last 3 weeks catching back up.  there was A LOT to read!

Me, too, @volsfanwill.  It's taken me more than 3 weeks and I'm still not caught up.  Now, with the Oracle announcement and the ensuing speculation, UP will blow up and it will take me another month to read the new stuff.

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7 minutes ago, downtownresident said:

I don’t like the wording from the state in that article. Hopefully Mayor Cooper didn’t throw a wrench in things by seemingly announcing this too soon. 

Can you summarize what was said please?

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Analysis on how Oracle's new  influx of 8,500 employees (and probably another 10,000 + ancillary jobs) over the next decade could effect the already tight Nashville area housing market at The Tennessean here:

https://www.tennessean.com/story/money/2021/04/16/what-does-oracles-proposal-mean-nashvilles-housing-market/7222043002/

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7 minutes ago, nashvylle said:

Can you summarize what was said please?

Essentially the state ECD office was frustrated with the announcement, as they wanted to communicate the project to Metro Council/other stakeholders quietly, as its not yet finalized. 
 

Key quotes: 

But multiple people familiar with the pending deal told The Tennessean the news amplified frustrations in both Gov. Bill Lee's office and the Tennessee Department of Economic & Community Development.

Commissioner Bob Rolfe called it "fair observations."

State and local officials worked with Oracle and consultants to figure out how to alert stakeholders to the massive project, without formally announcing it.

"We wanted to do it quietly," Rolfe told The Tennessean Thursday. "But I promise you, we are cheering on the Metro Council, the Chamber of Commerce and the various groups. This to me is the most transformative project in Nashville's history and Tennessee."

 

From later in the article: 

In Rolfe's view, there is no project yet. LandingOracle continues to be highly competitive.

"Where Oracle will give the state and city a leg up is if Metro Council approves," Rolfe said. "I'm not taking that for granted. Our job is to be 100% supportive in the hopes that they will." 

 

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I am quite surprised this was announced before it was finalized.  with the exception of Amazon HQ2 search which was highly promoted by them and publicized that is not the way big econ development deals are done.   It seems TN and Nashville have played their hand so to speak and other states might say we can do you one better come here.  I saw your mayor saying this and that about it and question when is his next election?  it is coming this November?  (on another note first the property taxes were going up 35% now they are rolling them back?) I guess that is another thread.  

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1 hour ago, MLBrumby said:

I think they used the term "holds its breath" because they know how Cooper can sabotage the whole thing with one comment. So far, he hasn't screwed up... but there's still time. 

I’m sure a few eyebrows were raised with his typical poorly thought out comments from this morning. 

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This has been a very badly kept secret from day one. The Post reported from reliable sources over two years ago and that was from the Oracle end. The Metro end has not been much better. 

This mayor has two and half more years or so left on his term I think.

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2 hours ago, nashvylle said:

IE the tax rate going down? 

It was more of an attempt at spinning the rate going down due to the assessment as a property tax cut, and saying multiple times that the city was insolvent. 

Edited by downtownresident

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