"Elon Musk's The Boring Company has purchased its first parcel of land in Nashville, marking a step toward its Music City Loop project. As per Davidson County records, the tunneling startup acquired 0.84 acres at 200 Jupiter Drive on September 23 for $937,812 through its Nevada-based LLC, FJ Pads. The property, which is located less than half a mile from Nashville International Airport, currently houses a church and parking lot."
"That's a substantial 347% premium, as noted in a report from The Tennessean. The Boring Company has not disclosed how the land will be used, but its proximity to the airport has prompted speculations from Tesla community members that it could serve as a staging yard or operations hub for the Music Loop's construction. The price that The Boring Company paid for the parcel of land is not surprising as well, as Elon Musk's companies have been known to pay a premium for real estate."
The Boring Company purchased 0.84 acres at 200 Jupiter Drive on September 23 for $937,812 through its Nevada LLC FJ Pads. The site sits less than half a mile from Nashville International Airport and currently contains a church and parking lot. The plot sold for a 347% premium compared with its 2016 purchase price of $210,000 by Pastor Migel Seda and his wife Euralia. The company has not disclosed intended use, but proximity to the airport prompted speculation the land could be a staging yard or operations hub for Music City Loop construction. Music City Loop is planned as a 9.5-mile underground transit tunnel linking downtown Nashville to the airport for fast, congestion-free travel.
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