Finance Committee Backs Boring Company Tunnel License at BNA | Metropolitan Nashville Airport Authority (MNAA) | THE BORING COMPANY

Scope & details

The full contract record, as filed.

Contract amount

License fee $300,000 in Year 1 with 3% annual escalation over a 40‑year term plus two 5‑year options (approx. $34 million over 50 years) and operating fee of $5.00 per pick‑up and $5.00 per drop‑off (approx. $309 million over 50 years at current rates); $600,000 project reimbursement to MNAA

Contract type

FACILITIES

Contract term

40‑year license term effective upon execution, with two 5‑year extension options in favor of The Boring Company (total potential 50 years)

Renewal

License term is 40 years with two additional 5‑year extension options exercisable by The Boring Company, for a total possible 50‑year term; options may be exercised by notice, and MNAA retains certain termination and transfer‑consent rights. License fees escalate at 3% annually; MNAA and TBC may renegotiate terms at any time, and security (deposit or letter of credit) tied to the escalating license fee is required.

Document type

Agenda

Source document

MNAA and MPC Finance Committee Agenda April 2026

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Nevada System Of Higher Education-System Office, NevadaJun 11, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by Metropolitan Nashville Airport Authority (MNAA)?

The Boring Company was awarded this facilities contract by Metropolitan Nashville Airport Authority (MNAA), as recorded on April 8, 2026. The contract value is License fee $300,000 in Year 1 with 3% annual escalation over a 40‑year term plus two 5‑year options (approx. $34 million over 50 years) and operating fee of $5.00 per pick‑up and $5.00 per drop‑off (approx. $309 million over 50 years at current rates); $600,000 project reimbursement to MNAA.

How much is the The Boring Company contract with Metropolitan Nashville Airport Authority (MNAA) worth?

The The Boring Company contract with Metropolitan Nashville Airport Authority (MNAA) is valued at License fee $300,000 in Year 1 with 3% annual escalation over a 40‑year term plus two 5‑year options (approx. $34 million over 50 years) and operating fee of $5.00 per pick‑up and $5.00 per drop‑off (approx. $309 million over 50 years at current rates); $600,000 project reimbursement to MNAA, covering facilities work.

What type of contract is this?

This is a Facilities contract, documented as a agenda record.

Where was this contract approved?

This contract appears in MNAA and MPC Finance Committee Agenda April 2026 (Agenda), dated April 8, 2026 from Metropolitan Nashville Airport Authority (MNAA). Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does The Boring Company hold?

The Boring Company may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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