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MNAA and MPC Finance Committee Joint Meeting Agenda May 2026

ACE Parking Slated for Five‑Year MNAA Parking Contract

$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 yearMetropolitan Nashville Airport AuthorityACE PARKING MANAGEMENT INCMay 13, 2026

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Description

MNAA staff propose a five‑year Parking and Valet Management Contract with ACE Parking Management, Inc. starting July 1, 2026, with management fees totaling approximately $11 million plus reimbursable expenses. The contract covers operation and management of the airport’s parking and valet facilities.

Contract Details

Contract Amount

$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 year

Vendor

ACE PARKING MANAGEMENT INC

Agency

Metropolitan Nashville Airport Authority, TN

Contract Type

FACILITIES

Document Date

May 13, 2026

Contract Term

Five years, July 1, 2026 through June 30, 2031

Renewal Date

2031-06-30

Renewal Info

Initial five‑year term from July 1, 2026 with escalating annual management fees; renewal options are not specified in the agenda text.

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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

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

MNAA and MPC Finance Committee Joint Meeting Agenda May 2026

RECOMMENDED
Metropolitan Nashville Airport Authority (Tennessee)$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 $8.6MMay 13, 2026

Oklahoma City Airport Trust Agenda February 26, 2026

APPROVED
City of Oklahoma (Oklahoma)$2,798,315February 26, 2026

Oklahoma City Airport Trust Minutes February 2026

APPROVED
Oklahoma City Airport Trust (Oklahoma)$2,798,315February 26, 2026

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