Collierville leaders ratify 15-year tax incentive for Orgill
Collierville’s mayor and aldermen ratified the PILOT that the Industrial Development Board approved last month.
Topic: PILOT
RSSThere are 36 article(s) tagged PILOT:
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January 2023
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Conrad Pearson decides against moving
Conrad Pearson will stay in Germantown but not move to a site as it had planned.
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December 2022
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Collierville Industrial Development Board endorses PILOT for Orgill showroom
Orgill’s request for a 15-year PILOT clears Collierville’s Industrial Development Board and heads to the Board of Mayor and Aldermen for consideration.
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October 2022
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Downtown board discusses additional transparency for PILOTs
Eligibility requirements for PILOTs may change.
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‘Young Rock’ TV series seeks multi-year jobs PILOT
The third season of “Young Rock” will feature 13 episodes all filmed in or around Memphis and Shelby County.
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August 2022
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Downtown board wants 10-year PILOTs to be norm
A series of sticks and carrots also encourages developers to get in the affordable housing market.
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June 2022
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Political Roundup: Looking for votes in the heat
The roundup includes the contenders for county mayor clashing over PILOTs and other economic development incentives, reaction to the Roe v. Wade repeal and early-vote strategies.
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March 2022
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A guide: Making sense of economic development terms
Don’t know the DMC from the MLC, or the CCRFC from the CBID? Here’s a quick guide to some commonly used business and economic development terms and organizations.
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February 2022
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PILOT sought for Northside High School building conversion
The Works, Inc. plans to develop a community hub that would house organizations that provide technical skills training and workforce development, comprehensive healthcare services, literary advocacy, as well as performing and visual arts programming.
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January 2022
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New York-based firm could invest $112.5M in former Nike facility
According to a term sheet related from EDGE, Memphis would become home to three manufacturing lines running multiple shifts with capacity to annually produce approximately 22,500 containers and 30,000 chassis.
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December 2021
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Memphis-based Connect Music connects artists to top streaming platforms
The rapid shift from physical to digital created a need for services that can aggregate the data and distribute it for consumption, which is where Connect Music found its opening.
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November 2021
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Downtown board approves new PILOT for Medical District development
The five-story development would include residential and retail space.
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October 2021
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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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Germantown approves retention PILOT for medical facility
Conrad Pearson will build a new facility less than a mile from its current location.
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Germantown to review retention PILOT for new medical office
Germantown will review a PILOT for new medical offices Monday evening. Aldermen will also review a resolution formalizing their stance on consolidation.
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February 2021
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City looking to rectify imbalance in MLGW water bill
The city has been paying Memphis Light, Gas and Water Division about $2 million a year for the past three fiscal years without a corresponding payment from MLGW in the form of a PILOT.
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January 2021
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Industrial tool seller may buy, operate Memphis center
Imperial Industrial Supply Co. seeks a tax incentive in return for buying an industrial building in Memphis for distribution of its products. The project would mean a $21 million investment and 35 jobs.
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Central Yards receives tax incentive
The Center City Revenue Finance Corp. board voted 7-0 to approve a 20-year incentive that will save developers of the $77 million Central Yards project $23 million in property taxes.
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December 2020
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County Commission questions financing of $62M Downtown parking project
Monday’s delay by the Shelby County Commission follows a similar delay in approval by the Memphis City Council.
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June 2020
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Memphis needs a moral budget
The notion that low taxes are good for Memphis is a bill of goods, more hollow than the Pyramid and less financially sound. Low taxes help the richest in our society and hurt the rest of us.
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February 2020
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Sheraton plans upgrade of city’s original convention center hotel, seeks tax breaks
The owners of the Sheraton convention center hotel will seek a 30-year PILOT – payment in lieu of taxes – incentive for a major renovation of the 600-room, two-tower hotel.
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January 2020
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PILOT approved for IMC Companies relocation to Collierville
IMC Companies' 10-year PILOT was approved earlier this month. The company released details on its plan to invest in Collierville.
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October 2019
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Conaway: New incentive, old-school pork
Raymond James, headquartered in St. Petersburg, gets in a fight with their landlord Jacob Sofer, headquartered in New York, over elevators in their Downtown Memphis office building, and the next thing you know, EDGE has given Raymond James $3,238,440 of your and my money to move to East Memphis.
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EDGE board approves Raymond James tax incentives, Raleigh TIF
Raymond James plans to create 100 jobs and invest $23.6 million to consolidate its Memphis offices and a new tax increment financing district is expected to spur economic development in Raleigh.
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