The Nashville Metropolitan Transit Authority closed Friday on the $16 million purchase of the former Peterbilt property in Madison, on which the authority will have its new administrative headquarters and maintenance garage.
MTA and Metro Government shared in the purchase price, with MTA’s share $9.4 million and Metro Government’s portion $6.6 million. The seller was PACCAR, parent company of Peterbilt.
“This is a huge win for our public transit system, our staff, our board, the Madison community and our city,” MTA Chief Executive Officer Paul J. Ballard said in a statement.
Patricia Harris-Morehead, MTA communications director, said extensive flood damage MTA experienced at its Nestor Street property in May spurred the transit authority to reevaluate its needs.
“Immediately after the flood, we were able to identify approximately 66 acres of vacant property in Madison that met our immediate and future expansion needs,” she said.
Harris-Morehead said MTA has not yet announced a move date to the Madison site, located at 430 Myatt Drive. The Nestor Street property will continue to be used for dispatching and staging the majority of MTA’s fleet, as well as light-duty maintenance work, she added.
Bus routes operating from the north side of Metro, including those for RiverGate/Gallatin Road, Dickerson Road and the Opry Mills area, will more than likely be dispatched from the new facility, Harris-Morehead said.
Since the newly acquired property has more square footage than MTA needs, Harris-Morehead said the authority’s management team approached Metro to determine if there was interest in sharing the property with MTA.
“There indeed was interest since Metro was searching for a location for a new police precinct in the area and had some other needs,” she said.