After more than a year of negotiations, the owner of the Musicians Hall of Fame and Museum has come to an agreement with Metro Nashville to move the tourist destination into the Nashville Municipal Auditorium.

The museum will move into the exhibit space on the first floor of the auditorium on 4th Avenue North.

The name of the nearly 50-year-old arena will change to Musicians Hall of Fame and Museum at Nashville Municipal Auditorium.

“The south end of downtown has a lot going on, and we hope to bring some activity to this end of the downtown area,” explained John Landers, chair of the Municipal Auditorium Board.

“We want Joe to do well, so the Municipal can do well. And that’s what we’re hopeful for; that’s what we’re banking on, and we think that will happen with Joe as a tenant,” said Landers.

Landers said Chambers has committed to refurbishing the outside of the auditorium with a new paint scheme and signage.

There is no definite opening date set. It could be sometime at the start of 2012, if not a little sooner.