A new Starbucks may be brewing for Raleigh
Neither Starbucks nor the developer has confirmed it, but a building permit document suggests that Raleigh may soon have its own Starbucks coffee shop.
There are 9 article(s) tagged Raleigh Springs Town Center:
Neither Starbucks nor the developer has confirmed it, but a building permit document suggests that Raleigh may soon have its own Starbucks coffee shop.
The TIF could potentially generate $1 million in annual additional property tax revenue pending further investments in Raleigh.
Marketplace Development hopes to close on a deal for the property by the first quarter of 2020.
The full Shelby County Commission is set to vote on the Raleigh TIF district Nov. 18 and Memphis City Council must also approve it before it goes into effect.
The new development will be known as the Marketplace at Raleigh. Marketplace Development LLC has letters of intent from two national restaurants to locate in the development.
The Raleigh TIF is the first proposed TIF in the neighborhood and is centered around the Raleigh Springs Town Center development along Austin Peay Highway.
A portion of the property tax revenue in the TIF district would go toward funding streets, sidewalks and other infrastructure needs in Raleigh.
A Raleigh tax increment financing – or TIF – district with Austin Peay Highway as a corridor for mixed use development could be in place by the end of the year.
After several delays, construction has resumed at Raleigh Springs Town Center and the site is expected to be open by early 2020.
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