Germantown’s The Standard development could generate $2.2M in taxes
Once the new restaurant, 320 apartments, new retail and parking garage are fully operational, the economic impact to the local economy is estimated at $61.9 million.
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Once the new restaurant, 320 apartments, new retail and parking garage are fully operational, the economic impact to the local economy is estimated at $61.9 million.
“It is up to all of us to make sure Shelby County doesn’t just get sold to the highest bidder, but that we develop the city in a democratic and equitable way.”
The trust fund for city and county property taxes earmarked for the redevelopment area cleared the first of three votes before the Shelby County Commission.
Collierville leaders showed interest as LRK presented a plan that could bring a hotel and parking garage near the square. Developers pitched the idea saying it would drive future generations to the area.
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