Central Yards receives tax incentive
With the tax incentive, the developers Clayton Kemker and his father, Frank Kemker, plan to start construction as early as June and finish by October 2022. (Credit: Fleming Architects)
The Center City Revenue Finance Corp. board voted 7-0 to approve a 20-year incentive that will save developers of the $77 million Central Yards project $23 million in property taxes.
Topics
Central Yards Center City Revenue Finance Corp. PILOT Clayton Kemker Frank KemkerTom 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.
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