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MNAA and MPC Finance Committee Joint Meeting Agenda May 2026

ACE Parking Awarded Five-Year BNA Parking Management Deal

$11,028,182 total management fees over five years, plus operating costs; Year 1 $2,062,911 + operating; Year 2 $2,130,542 + operating; Year 3 $2,209,005 + operating; Year 4 $2,271,116 + operating; Year 5 $2,354,609 + operating; estimated Year 1 operating budget $8.6MMetropolitan Nashville Airport AuthorityACE PARKING MANAGEMENT INCMay 13, 2026

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Description

The Finance Committee is asked to recommend approval of a five-year, $11.0 million parking services management contract with ACE Parking Management Inc. Starting July 1, 2026, ACE will manage and operate public parking facilities and valet services at Nashville International Airport, with additional operating costs funded via O&M.

Contract Details

Contract Amount

$11,028,182 total management fees over five years, plus operating costs; Year 1 $2,062,911 + operating; Year 2 $2,130,542 + operating; Year 3 $2,209,005 + operating; Year 4 $2,271,116 + operating; Year 5 $2,354,609 + operating; estimated Year 1 operating budget $8.6M

Vendor

ACE PARKING MANAGEMENT INC

Agency

Metropolitan Nashville Airport Authority, TN

Contract Type

TRANSPORTATION

Document Date

May 13, 2026

Contract Term

Five years, from July 1, 2026, with no renewal options

Renewal Date

2031-06-30

Renewal Info

Fixed five-year term with no renewal options; any future parking management procurement would require a new contract.

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Related Contracts

Metropolitan Nashville Airport Authority Joint Meeting Agenda Packet May 2026

PENDING
Metropolitan Nashville Airport Authority (Tennessee)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)May 19, 2026

MNAA and MPC Finance Committee Joint Meeting Agenda May 2026

RECOMMENDED
Metropolitan Nashville Airport Authority (Tennessee)$2,062,911 (Year 1) + $2,130,542 (Year 2) + $2,209,005 (Year 3) + $2,271,116 (Year 4) + $2,354,609 (Year 5); total estimated $11,028,182 plus reimbursable expenses per yearMay 13, 2026

Metropolitan Nashville Airport Authority Finance Committee AgendaPacket May 2026

AWARDED
Metropolitan Nashville Airport Authority (Tennessee)Year 1 management fee $2,062,911; Year 2 $2,130,542; Year 3 $2,209,005; Year 4 $2,271,116; Year 5 $2,354,609; plus reimbursable operating expenses up to MNAA‑approved annual budgetMay 13, 2026

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