June 07, 2021
Oracle America has paid nearly $254 million for slightly more than 60 acres of Nashville riverfront property, finalizing a deal that will expand downtown and transform East Nashville.
Closure for the long-awaited deal comes after years of negotiations with state and local leaders. State Department of Economic and Community Development officials declined to comment on the agreement, and a request to Gov. Bill Lee's office was not immediately returned.
The tech titan plans to invest a total of $1.2 billion in a second U.S. headquarters after leaving its Silicon Valley birthplace for Austin last year.
Software giant Oracle paid more than $253 million for about 60 acres along the Cumberland River.
Oracle bought 13 parcels of industrial and vacant land on the east bank of the Cumberland River on Tuesday. Davidson County Register of Deeds officials received the paperwork Wednesday.
The project makes up nearly half of a massive 125-acre redevelopment of the river's east side called River North.
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