Industrial Development Board advances Rivergate bonds and housing inducement

NASHVILLE - The Industrial Development Board on Oct. 7 approved a final bond resolution for the Rivergate Mall project and an inducement resolution for multifamily housing revenue bonds on the Trinity Lane Apartments project, according to the board's official meeting recording. The chair abstained on both votes.

The Rivergate resolution names Rivergate MP Holdings LLC. A speaker said that if approved that day, the bonds were expected to go to market in a couple of weeks. The Trinity Lane inducement names Nashville Leased Housing 5 LLLP and Dominion and was described as a supplemental issuance after an initial closing in December 2025.

The board also approved a second amendment to the Madison Station project agreement and related loan and promissory-note forms, with the chair and one other member abstaining. Separately, it approved small-business policies and procedures and funds to support a Nashville legacy business grant, with the chair abstaining on the grant vote. A presenter said legacy grants would be capped at $30,000. Bond dollar amounts were not stated in the portions of the recording reviewed.

Source: Industrial Development Board meeting recording, Oct. 7, 2026 (https://www.youtube.com/watch?v=EUMscivpQm8)