Belle Mont’s second phase gets 10-year PILOT
This rendering shows plans for the Belle Mont development's second phase on North Bellevue Boulevard. (Courtesy Lifang)
The Downtown Memphis Commission’s Center City Revenue Finance Corp. approved a 10-year payment-in-lieu-of-taxes for the second phase of a new residential development in Crosstown.
It’s part of the three-phase Belle Mont residential project KPS Development is building near North Montgomery Street and North Bellevue Boulevard.
It was one of two tax abatements the CCRFC approved Tuesday, Oct. 13. The other was a 20-year PILOT that clears the way for the residential redevelopment of the 11-story Falls Building at 22 N. Front St.
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Downtown Memphis Commission Center City Revenue Finance Corp. KPS Development Partners Scott Kern Subscriber OnlyThank you for reading The Daily Memphian. Your support is critical.
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Andy Ashby
Andy Ashby covers commercial real estate and economic development. He has worked locally at the Germantown News, the DeSoto County Tribune, the Daily News and the Memphis Business Journal. He graduated from the University of Tennessee, where he photographed the 1998 National Championship game. Email tips or story ideas to aashby@dailymemphian.com
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