Lakeland secures loan commitment for more I-40/Canada Road development
Lakeland city manager Michael Walker was the guest speaker at the Lakeland Area Chamber of Commerce monthly membership luncheon at the Lakeland Golf Club May 22. (Micahel Waddell/Special to The Daily Memphian)
The City of Lakeland is finding ways to fund redevelopment of its Gateway Tax Increment Financing district just north of the Interstate 40 and Canada Road interchange.
During a special-called meeting Thursday, Aug. 22, the Lakeland Board of Commissioners approved a $6 million loan commitment letter with First South Financial for future development of the Gateway.
Before the special-called meeting, the Memphis suburb’s Industrial Development Board met for its regular monthly session and also approved the loan commitment.
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City of Lakeland tax increment financing Lakeland Gateway Subscriber OnlyThank you for supporting local journalism.
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Michael Waddell
Michael Waddell is a native Memphian with more than 20 years of professional writing and editorial experience, working most recently with The Daily News and High Ground News.
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