Active PILOTs created or retained 39,000 local jobs
The Oliver apartment building is shown while it is still under construction in May 2024. The tower to the left pays homage to the Nylon Net building, which used to stand in the same location, by representing its' smoke stack. (Benjamin Naylor/The Daily Memphian)
An update to the EDGE board Wednesday suggested collective wages from companies with PILOTs is around $6 million annually.
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Sophia Surrett
Sophia Surrett is a University of Alabama graduate, where she received her B.A. in news media and M.A. in journalism and media studies. She covers commercial real estate, economic development, residential real estate, restaurant real estate, and hospitality and tourism.
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