BRADENTON, Fla. — The bond financing for Nashville’s proposed new convention center has been delayed pending action on a bill by the Legislature that, if passed, would grant an exception to Tennessee’s usury law regulating interest rates on municipal debt.

The Metropolitan Government of Nashville and Davidson County Convention Center Authority, a new credit, plans to sell $564 million, or 90%, of the revenue bonds for the project as taxable Build America Bonds. It was initially thought that the bonds would price the week of Feb. 22 with Goldman, Sachs & Co. as senior manager.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.