‘Not a slam dunk’: Germantown faces high-stakes decision for Carrefour redevelopment
The Standard Germantown is a mixed-use, quality lifestyle center planned for 6685 Poplar Ave. at the southwest corner of Poplar Avenue and Kirby Parkway in Germantown. (Courtesy Slovis Commercial)
Germantown’s Industrial Development Board will meet Monday to hear the projected economic impact of The Standard Germantown, part of the consideration as the suburb reviews tax increment financing (TIF) for the former Carrefour site.
During the Monday meeting, the IDB will also decide when it plans to vote on the TIF, likely after a Jan. 20 public hearing.
A public hearing regarding the TIF is scheduled for Jan. 20 at 6 p.m. at City Hall. During that time, a presentation will be made by developers, and residents can offer feedback.
Germantown has never granted a TIF, but CRE Devco Germantown, the group planning The Standard, a mixed-use development at Poplar Avenue and Kirby Parkway, asked the city for a TIF more than a year ago. The group includes Billy Orgel and Adam Slovis, two respected developers in the community.
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Germantown The Standard Germantown Germantown Industrial Development Board TIF Subscriber OnlyThank you for being a subscriber to The Daily Memphian. Your support is critical.
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Abigail Warren
Abigail Warren is an award-winning reporter and covers Collierville and Germantown for The Daily Memphian. She was raised in the Memphis suburbs, attended Westminster Academy and studied journalism at the University of Memphis. She has been with The Daily Memphian since 2018.
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