Arlington signs off on town’s first tax incentive
Suburb officials approved a tax increment financing plan for the $500 million to $700 million mixed-use project north of Interstate 40 between Airline Road and Tenn. 385.
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Suburb officials approved a tax increment financing plan for the $500 million to $700 million mixed-use project north of Interstate 40 between Airline Road and Tenn. 385.
The overall plan includes up to 37 townhomes, 114 individually owned stacked flats, 600 rental apartments and more than 50,000 square feet of retail.
The Arlington Planning Commission has endorsed the latest plan for the Hawthorne mixed-use development, sending the proposal to the town’s Board of Mayor and Aldermen.
A new $500 million to $700 million mixed-use project proposed for a large parcel fronting Interstate 40 is in the early planning stages for Arlington.
Not everyone was in favor of a development at Arlington’s exit of Interstate 40, but enough aldermen approved the initial plans for it to move forward.
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