There are 55 article(s) tagged Union Row:
The Center City Revenue Finance Corp. approved 30 years of property tax savings that will fund $134.6 million of the $741 million development’s costs, and a 5% tourism surcharge that is estimated to provide $20.8 million for the project.
Developers cite the economic effects of the pandemic in seeking different and new tax incentives. The first phase of the development is estimated to cost $741 million.
Union Row's new name reflects Downtown’s walkability, emphasizes action over talk (walking the walk), and focuses on people, the developer says.
Some find it galling that the City Council pulled back a public referendum on the police residency question. I dunno, I’d say the point of representative democracy is to elect officials and ask them to deliberate and make informed judgments.
The coronavirus has roiled the financial markets just as primary construction for Union Row and the Snuff District is about to start. Yet the developers are plowing ahead.
Good morning; it’s Friday, Jan. 10. Tonight, we have the Grizz taking on the Spurs at FedExForum, and the Elvis 85th Birthday Pops concert with the Memphis Symphony Orchestra at Graceland.
The Land Use Control Board on Thursday approved plans for the first 10.5 acres of the $1.3 billion Union Row mixed-use development. But the board rejected a proposed convenience store with gas sales in a wooded part of southeast Shelby County.
This is and always has been a city of promise, and a city that fails to live up to it time and time again.
Downtown Memphis Commission-affiliated agencies provided incentives to 52 projects, from mega-projects to mom-and-pop retailers, during 2019. That was the most activity ever for the 42-year-old Downtown revitalization agency.
Blighted property on Union at B.B. King Boulevard became AutoZone Park. A new hotel occupies the site of the bus station. Now Union Row has the potential to remake Downtown Memphis.
Just over a year after plans for the billion-dollar Union Row project was announced to Memphis, old buildings are being removed to make space for new apartments, hotel, retail, offices and green spaces.
It’s Wednesday, Dec. 4, and today Stax Music Academy and a special guest will announce details of its 20th anniversary.
City Council members approved development milestones Tuesday, Dec. 3, in three major Downtown development projects.
How do you jump-start nearly $1.4 billion worth of new apartments, stores and offices? A Downtown board answers that by approving $306 million worth of tax incentives, with $143 million more to come from other sources, for two large developments.
Today is Giving Tuesday, and our gifts include a possible all-time volume record for FedEx, two billion-dollar developments and a reported new job for soccer star Tim Howard.
The decisions at Tuesday’s council session would remove two items from the agenda of the council that leaves office at the end of the month. Other items are straddling the New Year’s line between the council leaving office and the new council that takes office in January.
It’s Wednesday, Nov. 27. We saw (heard?) a string of storms last night, but you can expect today to be windy but sunny. The Grizz take on the Clippers tonight at FedExForum, while everyone else will be doing last-minute grocery store runs to buy ingredients they forgot.
A pair of $1 billion-plus Downtown development projects that would require heavy doses of public incentives are scheduled for an initial vote on Monday, Dec. 2.
Tom Intrator, 18 S. Main developer, took the concept of aligned development to City Council members Tuesday as they reviewed a unique tax incentive for the $1.1 billion project that is a PILOT used like a TIF.
Memphis City Council members have paperwork on their agenda Tuesday for the second convention center hotel project, changes to the Union Row project incentives and a supplement to the Pinch District redevelopment.
The $544 million first phase would include 942 apartments, 406 hotel rooms, 160,000 square feet of retail and 200,000 square feet of office.
Memphis is the fifth hottest market in the U.S. for investors seeking to flip homes, behind Tampa, Miami, Birmingham and St. Louis, according to a new report from Realtor.com.
The tax advantages of the new Opportunity Zone program motivate investors to stay involved in new developments for the long-term, which help make struggling areas thrive, HUD Secretary Ben Carson says.
New renderings for the 11-acre, first phase of the Union Row mixed-use development show a dense arrangement of apartments, parking garages, hotels and office buildings.
Extra to our Special Report: Unlike Memphis, some cities dig deep into the backgrounds of developers seeking public incentives.