My Recruiting Blog

A new medical center could help to create thousands of Nashville jobs TN.

Officials recently announced the location for the proposed Nashville Medical Trade Center, which is being touted as a major strong point for the local economy. Aside from construction jobs that will be created to complete the project, the medical center also is expected to result in the creation of 2,700 permanent jobs.

The $250 million project is expected to attract 150,000 new visitors to the Nashville area each year. Developers are planning to add 12 stories to the existing Nashville Convention Center and use that facility to house the medical center.

Although local and state government officials have agreed to the plan, the decision is not yet final. According to the Nashville Business Journal, the plan will depend on whether the convention center will be replaced with a $585 million Music City Center to be located at a new location.

While the Medical Trade Center would be privately funded, it could still receive aid from existing state programs, such as the FastTrack Infrastructure Development Program that provides funding for public improvements needed to create new jobs and business investment.

Once completed, the medical center will include permanent showrooms for 600 to 1,000 healthcare equipment manufacturers, training facilities, a broadcast center and 120,000-square-feet of exhibit space for trade shows.

It is expected that Crow Holdings and CNL Lifestyle Properties will fund the project through cash investments and financing. The medical center is being designed by Nashville-based Gresham, Smith & Partners and construction will be managed by Turner's local office.

If the proposal is finalized, construction on the medical center could begin as early as mid-2010, with the facility to open as early as the beginning of 2013. Those are tentative dates, however, as developers have yet to announce a full time line and plan to earn LEED Silver certification for the project.

Labels: Nashville jobs TN