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NASHVILLE, Tenn. (WTVF) – Both Metro Nashville and Meharry Medical College have reached an agreement on the lease of Nashville General Hospital, town’s security web.
Back in 2021,
NewsChannel 5 decided obtained emails displaying it was six months behind paying its landlord, Meharry Medical College. Under the brand new agreement — which runs by way of 2027 — Metro Nashville pays Meharry what officers described in a press launch as “market rent.” This begins at $6.3 million this yr and is up 2.5% every year in a row.
The settlement and lease agreement is topic to Metro Council approval.
Previously, town solely paid off the underlying bonds, which had been issued in 1995 and had been scheduled to run out subsequent yr. The agreement additionally regulates all excellent claims between the 2 events. This agreement doesn’t have an effect on town’s funding of Nashville General Hospital or the opportunity of a brand new hospital constructing sooner or later after the present lease expires.
“This is an important day for Meharry and for our faculty, students and residents,” mentioned Dr. James Hildreth, President of Meharry Medical College. “The city of Nashville has been our home for 146 years, and we are proud to have played a vital role in caring for the community, especially during the pandemic when we have tested, treated and vaccinated hundreds of thousands of Nashvillers. This agreement demonstrates Mayor Cooper and city leaders’ commitment to Meharry, and we look forward to working together to create a healthier future for Nashville.”
The agreement additionally settles claims and different monetary points between town and Meharry, which first started renting out the buildings on its campus to be used as town’s safety-net hospital within the mid-Nineties.
“I am proud to renew Nashville’s firm commitment to the nation’s oldest and largest historically black medical facility and to our safety net hospital, Nashville General,” mentioned Mayor John Cooper. “Meharry and Nashville General are on the middle of our efforts to handle well being inequalities in Nashville, and this new agreement units the stage for that work to develop stronger in 2023. There is not any higher instance of this effort than that of Dr. Hildreth and Meharry are partnering with town to assist our response
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