There are 203 article(s) tagged Downtown Memphis Commission:
The Center City Revenue Finance Corp. approved 30 years of property tax savings that will fund $134.6 million of the $741 million development’s costs, and a 5% tourism surcharge that is estimated to provide $20.8 million for the project.
Some experts expect fewer hotels to be built in Memphis over next couple years because of tight credit market for projects with no clear path for recovery from COVID-19.
The proposed "Pre-Development Assistance Grant" would provide up to $5,000 for such costs as marketing studies, architecture, engineering and environmental assessments.
The restored columns of the circa 1840s Pillow-McIntyre House at Adams and Orleans were reinstalled last week, signalling at turn in fortunes for a sometimes forgotten house with some secrets.
South City businesses and nonprofits now need only to make a 10% match – instead of 25% – to receive up to a $50,000 grant to improve the exterior of their buildings.
The Downtown Memphis Commission staff recommends that grants for exterior improvements to South City businesses start covering 90% of the costs instead of 75%.
Project plan is to convert upper floors of four, attached buildings into six apartments, and enlarge McEwen's restaurant.
The Downtown Memphis Commission has just unveiled a draft master plan that could guide Downtown development for the next decade. The DMC will seek public response through June.
The Stockwell and Abbott families started a Downtown lunch spot 40 years ago that inspired a son’s lifelong belief in city-building: ‘Nine-year-old me didn’t doubt Downtown could rally, because I had seen my own family do it.’
Downtown projects at One Beale, FedEx Logistics' headquarters and Union Row are working toward completion. What's missing in the pandemic is pedestrian vibrancy.
Sixty-three percent of the 46 Downtown businesses receiving the forgivable loans were minority and women-owned business enterprises (MWBE).
The Center City Development Corp. has now approved about $200,000 in forgivable loans for 33 Downtown businesses.
The Center City Development Corp. has added $60,000 to the money available to help small Downtown businesses survive the effects of COVID-19.
Twenty Downtown businesses severely impacted by the coronavirus pandemic have now received forgivable loans totaling $135,000.
Twelve more Downtown businesses have applied for forgivable loans totaling $79,900 and which are designed to help them survive the effects of COVID-19.
Acting with a sense of urgency, the Center City Development Corp. board approved the first forgivable loans for eight Downtown businesses that have been disrupted by COVID-19.
Members of a Downtown Memphis Commission board used a teleconference to keep their social distance and to approve a $30,000 grant to bring the healthy food business to Peabody Place.
Havana Mix will also add a new restaurant into Downtown retail space never before occupied.
A Chattanooga-based real estate firm is collaborating with an Edge District developer to carry out a $3.6 million adaptive reuse of the Memphis Cycle Shop building.
The Snuff District proposal would create more than 40 new waterfront townhomes in Memphis, along the river harbor.
The Downtown Memphis Commission staff particularly liked that the three ground-floor retail bays are virtually ready now for tenants.
Board approves signage, light and art for series of other projects including Equality Trailblazers monument.
The Regional Economic Alliance announced goals for 2020 on Thursday, Jan. 8: 68 projects, 3,800 jobs, $1.1 billion in capital investment, $109 million to minority and women-owned enterprises.
A New York developer plans to convert one of the South Main District's brick, two-story buildings into 18 short-term rental apartments and three ground-floor retail bays.
The Downtown Review Board will consider public art and signage for a number of projects, including Wiseacre Brewing Co., a suffrage monument and Sugashack on Beale.