There are 12 article(s) tagged PILOTs:

• December 2022

  • Local architect has $575K in liens against NY developer

    Tom Intrator is developing a number of Downtown properties with the help of PILOTs. 

    Related story: 

    Interest rates smothering developer’s $1B Pinch plans

    By Jane Roberts December 02, 2022

• May 2022

  • MATA ‘Transit Vision’ funding clears first county hurdle

    There were seven votes on the county commission for the first of three readings on creating the first dedicated source of recurring local funding for the city-owned bus system. But there are amendments ahead. 

    Related story:

    County Commission again delays filling state House seat

    By Bill Dries May 24, 2022

• January 2022

  • Ford Megasite: Mid-South towns pony up tax incentives to lure automakers

    Communities leaders jostling to attract vehicle manufacturers say the companies and their high-paying jobs can change citizens’ lives. But some critics say the cost is too great. 

    By Don Wade January 08, 2022

• September 2021

  • EDGE board grants 2 new PILOTs for business expansions

    The PILOTs were granted to RedDot, a Washington-based HVAC manufacturer and distributor, and DHL Supply Chain, a third-party logistics provider.

    By Omer Yusuf September 15, 2021

• April 2021

  • City, county to discuss making tax incentives contingent on higher wages

    The second joint meeting of the County Commission and City Council includes several proposed changes to economic development incentives used locally to grow the Memphis economy.

    By Bill Dries April 15, 2021

• February 2021

  • Goal: Give smallest tax incentives that still spur projects Downtown

    Center City Revenue Finance Corp. board members are to review its policies for giving tax incentives. Possible changes may include syncing incentives to existing growth plans, simplifying the policy, and tightening the amount of incentives without slowing development.

    By Tom Bailey February 15, 2021

  • Wanted: Better paying jobs to attract talent to Memphis

    ‘We haven’t gone after those jobs ... that would make people drop everything and move to Memphis,' City Council member Martavius Jones said.

    By Bill Dries February 06, 2021

• January 2021

  • PILOT reform discussions try to avoid PowerPoints and path of past efforts

    Before Shelby County Commissioners and Memphis City Council members get together to talk about changing the most used tax incentive in local economic development, they want to do more than watch PowerPoint presentations on PILOTs – payments in lieu of taxes.

    By Bill Dries January 30, 2021

  • PILOTs and compromise on military hardware limits top commission agenda

    The Monday County Commission meeting includes a possible six-month moratorium on new PILOTs. And there is a compromise with Sheriff Floyd Bonner that would rewrite the ordinance requiring him to get approval from the commission to acquire surplus military hardware from the federal government.

    By Bill Dries January 25, 2021

  • Sawyer’s call for six-month PILOT moratorium finds little support

    Sawyer wants to examine the ground rules for awarding the most-used tax incentive in Memphis economic development and the results of past or ongoing PILOTs.

    By Bill Dries January 20, 2021

• November 2020

  • Bio-services firm may add 561 jobs, invest $213M; seeks incentives

    Cognate BioServices, which has been contract-manufacturing in Memphis since 2007, seeks 15 years of property tax breaks that would save the company $52 million in return for the jobs and investment. However, the firm would still pay $65.4 million in taxes during the same period.

    By Tom Bailey November 19, 2020

• July 2019

  • EDGE board approves PILOTs for four projects

    EDGE board approves incentives for projects across the city, from warehouse space to studio living near the University of Memphis.

    By Jane Roberts July 18, 2019