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Floyd Shechter, Guest Columnist Published 5:39 p.m. CT Feb. 19, 2020 Nashville SC host panel discussion at Nashville Underground Nashville Tennessean The original Major League Soccer stadium deal was an economic benefit primarily for Nashville SC team owners. The new deal is more equitable for the city and all its residents Story Highlights Floyd Shechter is president of SmartSpace and an advocate for a more equitable Nashville.
Here are some proposed next steps on housing affordability in Nashville. Allocate an amount equal to 15 percent of all funding being directed in the transit referendum to the Barnes Fund to provide housing options that are affordable for all. This could generate up to $775 million over time. Limit the use of tax increment financing (TIF) in transit-oriented development districts solely to the production of workforce and affordable housing units in equal proportion.
Inclusionary zoning legislation passed by Metro Council moved the needle forward, but much bolder actions are needed. No one questions that the explosive growth of our city has been accompanied by a growing affordable and workforce-housing crisis. The NashvilleNext planning process identified affordable living as the number one concern of people across the city.
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