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Sponsors of the ordinance say this would essentially end Metro's financial responsibility of maintaining and managing the convention center and the Renaissance Center.
Instead, the group Ashford JV out of Dallas would take over those operations.
The ordinance was sponsored by District 1's Lonnell Matthews, District 19's Erica Gilmore and district 32's Jacobia Dowell, who is also the vice chair of the Convention, Tourism and Public Entertainment Facilities Committee.
Dowell says the Ashford management group has promised to invest $20 Million to upgrade convention space and Renaissance's 673 hotel rooms.
Dowell says that will help support the efforts of the new Music City Center and the larger events its expected to draw.
"The Renaissance Center is in close proximity to the Music City Center and we have an opportunity to capitalize on using that hotel space so it's definitely needed in the city," Dowell said.
Under this ordinance, the Ashford JV group would maintain management of the space for at least four years...
Dowell says Metro government will still reserve the right to sell the space if an interested buyer comes forward in the future.
Tuesday, February 5 2013, 10:52 PM CST
Former Dyer County constable sentenced to prison
May 23, 2013 12:50 GMT
DYERSBURG, Tenn. (AP) -- Former Dyer County Constable Derick Shane Hundley has been sentenced to 25 years in federal prison.
The State Gazette (http://bit.ly/14UHydd ) reported Hundley was sentenced Monday after earlier entering a guilty plea to enticement of a minor through electronic means. The government dropped a child pornography count.
Prosecutors said Hundley, who is 30, used a cellphone to try to entice a minor female to have sex with him. Police arrested Hundley last July and found an external hard drive that contained numerous images of minors involved in sex. He resigned from the constable post he had won in 2010 after his arrest.
Information from: State Gazette, http://www.stategazette.com
Bernanke signals Fed to maintain stimulus efforts
WASHINGTON (AP) -- Chairman Ben Bernanke is telling Congress that the U.S. job market remains weak and that it is too soon for the Federal Reserve to end its extraordinary stimulus programs.
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Dow Record: Three tales of ups, downs and changes
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By SCOTT MAYEROWITZ
AP Business Writer
NEW YORK (AP) -- When the Dow first crossed 14,000, investors were overjoyed. ...
IN THE NEWS: TEEN ONLINE FAREWELL SONG ATTRACTS MILLIONS OF VIEWS
LAKELAND, Minn. (AP) -- High school student Zach Sobiech (SOH'-bee-eck) says he wanted to be remembered as "a kid who went down fighting and didn't really lose."
SWINGERS CLUB LAWSUIT-VEGAS
LAS VEGAS (AP) -- David Cooper wants to bring a little more sin -- to Sin City.