Nashville Mayor John Cooper announced that Oracle would fund a $1.2 billion campus in his city. According to the Mayor’s office, the campus will generate about $8.8 million annually in local sales and use taxes.
The computer technology company’s campus is expected to bring 2,500 jobs to the city by the end of 2027 and 8,500 by the end of 2031. Salaries would average $110,000 a year, Industrial Equipment News reported, based on documents provided by Cooper's office. The investment potentially includes $175 million in public infrastructure.
The mayor revealed that Oracle will pay upfront all the infrastructure costs.
Oracle has requested a public hearing to seek approval of an economic impact plan with the Metro Industrial Development Board.