BRADENTON, Fla. — The consolidated Metropolitan Government of Nashville and Davidson County is reviewing a finance plan to build a new $585 million convention center. But the idea is controversial because most of the debt for the project would be backed by a general fund pledge of non-ad valorem revenue.

Some of Metro's 40 council members are also concerned the plan now excludes a proposed hotel that was to be located adjacent to the new center in Nashville that some consultants consider essential to its success.

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.