East Ridge Industrial Development Board Approves Project Expected To Double City's Tax Take

Monday, June 30, 2014

The East Ridge Industrial Development Board on Monday approved moving ahead with a major project near I-75 Exit 1 that is expected to double the city's tax take.

The Jordan Crossing development at the entrance to Camp Jordan was included under the state's Border Region Designation. It will allow East Ridge to utilize 75 percent of the state’s portion of the sales tax generated from the development and sales tax collected in the entire 950-acre district to pay for incentives and/or infrastructure improvements used to make the development possible.

Jordan Crossing got a huge boost recently when it was announced that it will include a Bass Pro Shop.

Estes Cocke, an attorney who is a member of the board, said Jordan Crossing is expected to produce as much revenue as is brought in all along Ringgold Road.

He said East Ridge was the first to apply for the Border Region Designation and the last of five to be approved.

East Ridge officials in 2012 received word that a tract of 950 acres inside the city has been designated as a border region retail tourism development district by the Tennessee State Commissioner of Revenue and the Tennessee Commissioner of Economic and Community Development under a new state law. The designation was approved after the city made application under a city ordinance adopted Oct. 26, 2011. 

 The district comprises the areas around Exit One, the I-75/I-24 interchange, the East Ridge central business district along Ringgold Road, Germantown Road and the area of East Ridge on the north side of I-24 along Germantown Road.

The East Ridge Industrial Development Board had been defunct, but it was revived so it could act on the Border Region Designation. State officials said that was a required part of the process.

Land preparation has already begun for the project.


Family Makes Treasure Trove Of Early Chattanooga Photographs Available For Book; Stokes Collection Has Been Passed Down To Descendants

A treasure trove of Chattanooga photographs that have been passed down in the Stokes family for generations has now been assembled in an upcoming book. Chattanooga Around The Turn Of The Century: The Remarkable Stokes Collection will be published by Chattanoogan.com. Pre-orders are now being taken for the book, which includes over 700 photos on large-size pages. Publisher ... (click for more)

One Man Dies After Early Saturday Morning Car Crash

A crash in the early hours of Saturday morning has left one man dead.  Chattanooga Police responded to 700 Central Avenue for a traffic crash with serious injuries on Saturday at 3:30 a.m.   An Acura sedan was stopped at the traffic light on Central Avenue at McCallie Avenue heading north when a Mercury sedan traveling north on Central Avenue struck the Acura from ... (click for more)

How To Reform The City Industrial Development Board - And Response (3)

My aims is to bring to the public’s attention the need for procedural changes that, if implemented, would significantly improve the information available the public, to the City Council and to the City Industrial Development Board about the verifiable benefits and costs of tax incentive financing structures and to make the entire process transparent. The public, the City ... (click for more)

Roy Exum: He Can Never Go Home

When Florida State quarterback Jameis Winston sparked top-ranked Florida State to a 56-41 comeback over N.C. State last Saturday, you would have thought the world had forgotten and virtually excused his vulgar rant from the week before. His inexcusable mid-week antics kept him sidelined during the Clemson game and brought down the nation’s scorn but less than a week later he was ... (click for more)

Baylor Impressive In Volleyball Sweep Of Signal Mountain

Baylor coach Sarah Lail paused briefly before saying that she's seen her Lady Red Raider volleyball team play better than they did on Monday, but they did just about everything right as they celebrated Senior Night with an impressive 3-0 victory over the Signal Mountain Lady Eagles. It was a meeting of two of the top three teams in Chattanooga -- too bad that Ooltewah couldn't ... (click for more)

Basketball, Wrestling Mocs Host Ball N' Brawl

It’s party time in the Scenic City. Chattanooga’s team is sending some of its best to close down 3rd Street on Friday, October 10, for Ball N’ Brawl. This inaugural event features the men’s and women’s basketball programs along with the wrestling team. “This was an idea coaches Heath Eslinger (wrestling) and Will Wade (men’s basketball) came up with,” Director of Marketing and ... (click for more)