Award of $999,400.00 with the objective to facilitate and evaluate public-private partnerships in which the private sector partner could assume a greater role in project planning, development,…

This Cooperative Agreement award, provided by the U.S. Department of Transportation's Immediate Office of the Secretary under the Asset Concessions and Innovative Finance Assistance program (CFDA 20.945), will provide $999,400.00 to the Nashville Metropolitan Transit Authority to facilitate and evaluate public-private partnerships for transit-oriented development on underused real estate parcels. The key deliverables include an asset concession report, quarterly reports, and other project outputs to build organizational capacity for innovative financing strategies and asset concessions. This three-year award, running from January 30, 2025 to January 29, 2028, aims to support residents and commuters in the Nashville, TN metropolitan area through enhanced mobility and infrastructure improvements enabled by the public-private partnership model.

Activities

Wego asset concession capacity building to support transit-oriented development with underused real estate parcels. Deliverables/expected outcomes: asset concession report, quarterly reports, and deliverables.

Intended beneficiaries

Residents and commuters in nashville, TN