Lakeland juggling multiple projects that could change suburb’s landscape
The Lake District is still dormant after bankruptcy.
There are 29 article(s) tagged tax increment financing:
The Lake District is still dormant after bankruptcy.
Lakeland officials approve approach to help fund improvements to the Memphis suburbs’ gateway near the exit of Interstate 40.
Lakeland officials have endorsed a new TIF — the suburb’s fourth — for improvements along U.S. 70 at Seed Tick Road.
Suburb officials approved a tax increment financing plan for the $500 million to $700 million mixed-use project north of Interstate 40 between Airline Road and Tenn. 385.
“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 idea for the Lakeland Meadows “Safety TIF” is to put four roundabouts on U.S. 70 in hopes of curbing fatal accidents on the busy four-lane road.
The County Commission approved a new TIF for the area of Lakeland north of Interstate 40 and Canada Road, a benefit that should enhance the area.
Lakeland officials have endorsed a third TIF to enhance the northern gateway into the suburb from the Interstate 40-Canada Road junction.
The unanimous Memphis City Council vote approving the tax increment financing district in Klondike follows months of delay. Debates about residents’ displacement and representation will stick around into the new year.
The Shelby County Commission passed the TIF trust fund to collect increased property city and county property taxes and use the revenue for Klondike redevelopment. The plan next goes before the Memphis City Council.
Several Memphis City Council members said Tuesday, March 22, they don’t think it is large enough or generates enough property tax increment to get much going in terms of economic development in the Soulsville area.
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.
Bartlett Board of Mayor and Aldermen approves developer Keith Grant’s plan for the former Tennessee Baptist Children’s Home property.
On Monday, Dec. 6, the Shelby County Commission approved the Economic Impact Plan for Union Depot, which in the process approves a TIF district for the project.
Industrial Development Board endorses a tax increment financing proposal for Union Depot, a mixed-use project at the old Tennessee Baptist Children’s Home site in Bartlett.
Residents polled in South Memphis identified blight removal as the No. 1 issue they’d like TIF money to address, but also affordable housing, stronger local retail, and improved streets and sidewalks.
The TIF could potentially generate $1 million in annual additional property tax revenue pending further investments in Raleigh.
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 Uptown TIF expansion will include the New Chicago, Smokey City and Bickford neighborhoods. The expansion is set to go into effect Jan. 1.
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.
The Shelby County Commission has approved on third and final reading an ordinance to grow the Uptown TIF district to include more communities in North Memphis.
An ordinance to expand the Uptown TIF district was approved on third reading Wednesday by a Shelby County Commission committee. Final approval of the TIF district increase would make residents in the expanded area eligible for improvement grants.
Extra to our Special Report: Unlike Memphis, some cities dig deep into the backgrounds of developers seeking public incentives.
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