Proposed PILOT policy changes push affordable housing
On Oct. 11, the Center City Revenue Finance Corp. approved a 30-year payment-in-lieu-of-taxes (PILOT) and tourism surcharge for a two-part, $226 million renovation and expansion for Sheraton Memphis. (Courtesy DW Design Strategy)
The Center City Revenue Finance Corp. will vote on changes to its payment-in-lieu-of-taxes incentive program at its Feb. 5 meeting.
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Center City Revenue Finance Corp. Downtown Memphis Commission PILOT program PILOT incentiveNeil Strebig
Neil Strebig is a chef turned journalist covering economic development and commercial real estate for The Daily Memphian. He grew up in Pennsylvania and has worked at media outlets including the York Daily Record/USA Today Network and most recently as Report for America Corps Member with Lookout Santa Cruz. He is a graduate of Point Park University in Pittsburgh.
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