NASHVILLE, TN (WSMV) – The Metropolitan Nashville Airport Authority (MNAA) has signed a license agreement with Elon Musk’s The Boring Company to facilitate the development of a Tesla tunnel connecting downtown Nashville with the airport.
The license agreement was agreed upon for the Music City Loop, which is described as a “zero-emission, high-speed underground transit system that will make travel to and from Nashville International Airport fast and efficient for passengers and help accommodate the airport’s record growth.”
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The project is not supposed to cost MNAA or taxpayers anything. The Boring Company will be covering the costs.
Airport leaders say the tunnel will help as passenger numbers continue to grow. TBC is still waiting for some permits to be approved so tunnelling can begin.
MNAA describes the agreement as a low-risk, high-yield infrastructure strategy:
Zero Capital Investment: All costs related to design, construction, operations and maintenance are fully funded by The Boring Company. Significant Revenue Generation: The 50-year agreement is projected to generate approximately $34 million in license fee revenue and a conservatively estimated $309 million in pick-up and drop-off fees. Expense Reimbursement: TBC will reimburse the Authority for incurred legal, engineering and administrative costs related to the project. Furthers MNAA’s Sustainability Commitment: The ‘Music City Loop’ is an all-electric, zero-emissions, high-speed underground transit system.
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