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HCA, Metro Nashville land swap gets scrutiny

The Tennessean, April 18, 2011
Nashville Mayor Karl Dean's plan to swap land west of downtown with health-care company HCA and get a new public health center out of the deal is coming under scrutiny from some Metro Council members. Two months ago Dean announced an agreement to trade the Lentz Public Health Center property on 23rd Avenue North to HCA for 3.5 acres of vacant land it owns half a mile away at 2512 Charlotte Ave. The deal calls for HCA to build a state-of-the-art health center for no more than $28.5 million for the city, which wants to replace the dilapidated, 53-year-old Lentz building. But the Nashville-based hospital company would get more than just a piece of property near West End Avenue and its own Centennial Medical Center. Along with reimbursing HCA for its construction costs, Metro would pay 3% interest, plus a one-time, $50,000 development and financing fee. The city also would exempt HCA from paying property taxes on the Lentz property for the first five years, then give the company a 50% tax break for another five years.

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