Central Yards project seeks $23M tax incentive

By , Daily Memphian Published: January 06, 2021 2:56 PM CT
<strong>Father-and-son development team Frank Kemker (left) and Clayton Kemker have acquired two parcels and have a third under contract, totaling 5.6 acres, near the southwest corner of Central and Cooper.</strong> (Patrick Lantrip/Daily Memphian file)&nbsp;

Father-and-son development team Frank Kemker (left) and Clayton Kemker have acquired two parcels and have a third under contract, totaling 5.6 acres, near the southwest corner of Central and Cooper. (Patrick Lantrip/Daily Memphian file) 

Even with the tax-break incentive, Central Yards would still generate $7.7 million more in local tax revenues over 20 years than the same property would generate without the mixed-use development, according to the Downtown Memphis Commission.

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Topics

Central Yards Center City Revenue Finance Corp. Mixed-use Development
Tom Bailey

Tom Bailey

Tom Bailey covers business news for The Daily Memphian. A Tupelo, Mississippi, native, he graduated from Mississippi State University. He's worked in journalism for 40 years and has lived in Midtown for 36 years.


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