Nashville government officials now say that funding for a proposed $100 million flood protection plan still has to be approved by the city council.
Officials discovered last week that the council approved the funding with the wrong type of financing. As a result, the Metro Council will have to reapprove the plan so it is financed using municipal revenue bonds. Those bonds are repaid with water and sewer revenues from ratepayers.
The flood protection plan includes a 2,100-foot-long flood wall located on the city’s downtown waterfront. Part of that would include 1,200 feet of removable flood wall that could be assembled by 10 people in eight hours.
Nashville’s historic 2010 flood killed 10 people in Music City and caused $2 billion worth of damage in Davidson County.
Topics Flood
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