NASHVILLE, Tenn. (WSMV) - Nashville Mayor Freddie O'Connell is rolling out his proposed $527 million Capital Spending Plan.
O'Connell submitted his second CPS to the Metro Council on Wednesday, with another prioritization of schools, parks and other infrastructure.
The $527M plan is the second of the mayor's tenure and mirrors the investment amount with his administration's first CSP.
"Since taking office, we have prioritized investments in improving our quality of life by implementing the vision of how Nashville moves, works, and grows," said Mayor O'Connell. "Our neighbors overwhelmingly told us this month that they want a better transportation future, and the investments in this capital spending plan prepare us for the work to come from Choose How You Move. Also setting us up for a more successful future is a $98 million investment in Metro Schools and our next generation of leaders. These investments are designed to improve quality of life for all of us."
The mayor's office released what the $527 million plan includes:
"Many of our capital projects are connected to federal and state funding sources, including grants and cost-sharing arrangements, for education, transportation, and overall community development," said Director of Finance Kevin Crumbo. "It is our goal to ensure transparency and maintain a balance between advancing capital project priorities and safeguarding Metro's financial stability."
So, what's next? The CSP will now move to the Metro Council for consideration and approval.