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.

A boring land purchase

The sale actually represents a significant increase in value for the plot’s owners, Pastor Migel Seda and his wife Euralia, as the plot of land was acquired in 2016 for just $210,000. 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 proximit

See Full Page