Tag: Tim Pagliara

Forbes Exposes Nashville’s Financial Problems to a Global Audience

Chris Butler

  Forbes.com, which caters to millions of readers worldwide, has just reported on and explained Nashville’s financial woes. In a recently-published article,  Tennessee-based businessman Tim Pagliara wrote about state Comptroller Justin Wilson’s displeasure with Metro Nashville’s finances and the threat of the city potentially falling into a receivership. “Back in October, a month after taking office, Mayor (John) Cooper talked to The Wall Street Journal about his mandate to pull the city’s economy back from the brink by (among other things) curbing financial incentives and relocation deals to corporations. After the prior administration had awarded $167,000,000 in economic incentives in exchange for 13,000 new jobs and $1.2 billion in capital investments, the city could not balance the budget without selling assets like the Nashville Thermal Plant. Which, IMHO, is like selling your living room furniture to pay your electric bill. Tennessee has a unique set of checks and balances. State law mandates a balanced budget,” Pagliara wrote. “In preparing this piece, I looked at recent articles about the increased flight of people and companies from NYC. Some surveys show that over 30 percent of the New Yorkers are considering moving out of state because of the high cost of living, complexity of life, and…

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OFF THE RECORD: Sources Say Bob Corker Instigated Confrontation on Plane with Prominent Tennessee GOP Donor

Jason M. Reynolds

Multiple sources have confirmed to The Tennessee Star that former Sen. Bob Corker (R-TN) instigated a confrontation with a prominent Tennessee Republican donor in the first class section of a commercial flight from Washington, D.C. to Atlanta, Georgia on January 3, just hours after his term as a United States Senator representing Tennessee had expired. Corker reportedly raised his voice during the boarding process in a conversation he initiated with Tennessee Republican donor Tim Pagliara, who contributed $3,900 to the former senator’s 2012 campaign, and in recent years has been a frequent critic of the outgoing senator’s personal financial dealings while in office. Both men were on the plane after attending the swearing in ceremony of Corker’s successor, Marsha Blackburn, to the United States Senate in Washington, D.C. on January 3. Pagliara, a prominent money manager based in Franklin, Tennessee who founded and operates CapWealth Group, has been a leading contributor to many Tennessee Republican causes, including most recently the 2018 campaign of Sen. Marsha Blackburn (R-TN). One person from the flight who spoke anonymously to The Star said, “Senator Corker walked onto the plane, where multiple people greeted him and shook his hand. He chatted briefly with Mr. Pagliara as…

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