Downtown PILOT approved for proposed Butler Row development
Over the course of the 12-year payment-in-lieu-of-taxes agreement, the increase in taxes generated by the project is estimated at more than $3 million.
Topic: Downtown Memphis Commission
RSSThere are 134 article(s) tagged Downtown Memphis Commission:
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January 2022
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Sequin mural lights up Downtown thoroughfare
The piece, entitled “Subterranean River,” stretches 161 feet and 80 feet on each side, featuring symbols that portray the Mississippi River as a passage for commerce. LED lights shine on the shimmering sequins to mimic the movement of water.
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Design Review Board to consider eye-popping Downtown mural
At a meeting Wednesday, Jan. 5, local artists’ colorful image for the Hyatt Centric — on a concrete wall facing the intersection of Beale and Wagner streets — will be considered.
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December 2021
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Bluff City Biz: Riverfront development and lessons we can learn from Uptown with Paul Young
“Expanding docks to accommodate more businesses to bring more visitors to Memphis could only be a great thing,” said President and CEO of the Downtown Memphis Commission, Paul Young.
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DMC wants to expand South City Good Neighbor Grant program
The Downtown Memphis Commission affiliate Center City Development Corp. will decide whether to expand the South City Good Neighbor Grant program when it meets Wednesday, Dec. 15.
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November 2021
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The Peabody to become special tourism tax zone
The creation of the Peabody Hotel Surcharge will finance capital investments to the property totaling more than $125 million over the next 30 years for long-term preservation.
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DMC receives international awards for two city planning programs
The BuildDowntown Master Plan and the South City Good Neighbor Grant program both won awards from an international institution for their city planning efforts.
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Finalists announced for 100 N. Main
See exclusive renderings.
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October 2021
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Central Yards submits new construction application
Because the development team received a 20-year PILOT earlier this year, the Design Review Board is required to approve new construction.
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About Town: Prospero’s relocation is a statement for Downtown
The home health company’s decision to move a short distance from 40 S. Main to 30 S. B.B. King Blvd. reflects commitment to the area.
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Downtown Memphis Commission focusing on cohesive parking plan
The Downtown Memphis Commission wants to address the long-term problems associated with Downtown parking.
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Downtown board approves consultant to review tax incentive policy
St. Louis, Missouri-based PGAV Planners will determine if the PILOT program is delivering the desired results of growing the tax base and helping projects happen that couldn’t otherwise.
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Downtown board reexamines PILOT program, considers new applicant
At its Oct. 12 meeting, the Center City Revenue Finance Corp. is set to approve a plan for reviewing its PILOT program, and it will hear a new PILOT request for a Medical District development.
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September 2021
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DMC moves forward to redevelop historic N. Main building
While the Downtown Memphis Commission prepares for renovations to its own North Main headquarters, it is also evaluating bids for its giant neighbor, 100 N. Main.
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114 N. Main set for commercial renovation
The tower at 114 N. Main sits at the corner of Adams Avenue and North Main Street. It shares the block with the Fire Museum of Memphis.
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About Town: The fate of 100 N. Main in the balance
The fate of Memphis’s tallest building is likely to remain unclear until the DMC selects one of the bids. Though there appears to be growing excitement that the high-rise’s days of uncertainty could be drawing to a close.
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11 developers vying for iconic tower
Proposals include known names like Chance Carlisle and Tom Intrator, as well as ones new to Memphis like Aaron Mesner of Block Real Estate Services.
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All bids in for 100 N. Main
The period for bids on Memphis’ tallest building is over, culminating in 11 offers.
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August 2021
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MPD, DMC board discuss Downtown safety issues
“After some of the initial (COVID) restrictions were relaxed in the early spring, we started to see some behavior Downtown that was not what we were used to,” said commission president Paul Young.
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Downtown restaurants face the challenge of empty offices
Downtown restaurateurs face the same problems their colleagues around town do, but a pared-down office population adds to their woes.
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July 2021
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Walking in Memphis: Grants now available for sidewalk repair Downtown
The board of a Downtown agency approved a matching-grant program that offers commercial property owners up to $5,000 to repair their sidewalks.
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Downtown’s old MGM warehouse may become jazz venue
The owner of 502 S. Second seeks a $50,000 grant to help fund her $1.1 million plan to convert a vacant part of Downtown’s old MGM film warehouse into the Luxe Jazz Suite.
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June 2021
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Trolley Night is back on track following pandemic
Trolley Night returned for the first time since the pandemic struck last year and South Main Arts District galleries, stores and restaurants were delighted to welcome customers back.
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Touring 100 N. Main: Shattered glass, shell casings, law books and spectacular views
The Downtown Memphis Commission anticipates issuing in about two weeks a request for proposals to potential developers of the 100 North Main Building and the entire block it towers above.
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Clock’s now ticking: Who’s in with 100 North Main?
The Downtown Memphis Commission released its request for proposals from any developers considering buying and redeveloping the 100 North Main Building as well as the entire city blocks it stands on.
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