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 Kemker
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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