Downtown agency approves changes in how public money will help build The Walk

By , Special to the Daily Memphian Updated: August 11, 2020 1:49 PM CT | Published: August 11, 2020 12:03 PM CT

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. 


Union Row The Walk on Union Kevin Adams Center City Revenue Finance Corp. Downtown Memphis Commission
Tom Bailey

Tom Bailey

Tom Bailey retired in January as a business reporter at The Daily Memphian, and after 40 years in journalism. A Tupelo, Mississippi, native, he graduated from Mississippi State University. He has lived in Midtown for 36 years.


Want to comment on our stories? Or read the comments of others? Join the conversation by subscribing now. Only subscribers can view or add comments. Our commenting policy can be viewed here