I love a great idea, especially when it involves real estate development and can be duplicated in other places. It makes no difference whether you like or don’t like the person (or entity) that came up with the idea, especially when you can make it happen without involving him, her, or them.
As the below linked article details, plans have been approved to implement a major tunnel project in Nashville which will connect and transport thousands to millions of people between the Airport and downtown. It is being done with private financing, saving millions for the municipality while facilitating a significant expansion which will be an economic winner for all concerned.
For consumers, especially airline passengers, they gain a convenience, and one which is currently not available to and from the majority of airports. If you read the previous sentence again, you see my point. As a real estate professional, investors, lender, or contractor, you can (hopefully) envision the possibilities around the country for similar projects.
There could be so much more than “just” the multi-million dollar transit system. The terminals and entrances will have room for restaurants, convenience stores, and retail. Adjacent facilities can include parking and perhaps valet service. Hotel operators would be salivating at not needing shuttle service to bring visitors to and from within close and easy proximity.
The tunnel project is not going to cost the City of Nashville anything because it is being privately funded. You can’t tell me that other municipalities wouldn’t go for that. A developer could even take this a step further and explore for an Opportunity Zone within minutes of a large airport. There are so many possibilities out there, and exploring them now could position you and your team “first in” on a life-change opportunity. Meanwhile, my team and I write business plans and create feasibility studies, case studies, and offering memorandums. Let’s talk!
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