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Metropolitan Nashville Airport Authority Joint Meeting Agenda Packet May 2026

ACE Parking Recommended for BNA Parking Management Deal

Year 1: $2,062,911; Year 2: $2,130,542; Year 3: $2,209,005; Year 4: $2,271,116; Year 5: $2,354,609 (management fees only; plus reimbursable operating expenses)Metropolitan Nashville Airport AuthorityACE PARKING MANAGEMENT INCMay 19, 2026

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Description

Staff has recommended awarding a five-year Public Parking Facilities and Valet Services Management Agreement to ACE Parking Management, Inc., with management fees starting at about $2.06 million in Year 1 and rising to $2.35 million in Year 5. The contract would cover 24/7 operation of all public parking and valet facilities at BNA with robust reporting, innovation, and performance standards.

Contract Details

Contract Amount

Year 1: $2,062,911; Year 2: $2,130,542; Year 3: $2,209,005; Year 4: $2,271,116; Year 5: $2,354,609 (management fees only; plus reimbursable operating expenses)

Vendor

ACE PARKING MANAGEMENT INC

Agency

Metropolitan Nashville Airport Authority, TN

Contract Type

TRANSPORTATION

Document Date

May 19, 2026

Contract Term

July 1, 2026 – June 30, 2031 (5 years)

Renewal Date

2031-06-30

Renewal Info

Five-year fixed term with no renewal option; non-performance penalties can reduce the management fee.

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