Investors Planning $9 Million In Improvements At Run-Down Patten Towers Needs 25-Year Tax Abatement

Tuesday, December 11, 2018

An official of an investor group planning $9 million in improvements at run-down Patten Towers said a 25-year PILOT tax abatement is essential for the project to go forward.

The City Council is asked to vote on the tax break on Dec. 18. The County Commission will be asked to okay a similar resolution.

John Shepard of Nashville-based Elmington said current property taxes at the site at 11th and Market are $146,668, which is the school portion. He said with the improvements that will go up to $181,368 per year.

He said under the lengthy PILOT that the city and county would forfeit a total of about $2.7 million total.

Mr. Shepard said frequent calls to the Patten Towers is costing the city fire department $250,000 per year. He said the update will make the fire suppression and detection system much better.

He said there are a number of mechanical improvements to be made, and he said some of the elevator parts date to the opening of the Hotel Patten in 1908.

Mr. Shepard said the current residents at the facility, which is now 95 percent occupied, will be retained. He said work will take place on a couple of floors at a time. He said if any residents have to temporarily move out of the building they can go to Chestnut Flats, which is also being developed by the same group.

He said it is planned to reopen Bingo's Market and expand it. He said it will offer Patten and nearby residents and workers a food option not now available.

Elmington will be in a 50/50 deal with Belveron, of California, which paid $14.5 million for the property that is assessed at about half that amount.

The Patten Towers is currently on the HUD distress list, and the aim will be to remove it. HUD had to approve the sale. 


Former Grace Baptist Academy Assistant Football Coach Facing Charge Of Sexual Contact With A Minor

Brush Fire On Montlake Road Is Put Out Quickly

Alexander Agrees With Trump Executive Order On Student Loans, But Not On Speech Codes


A former assistant football coach at Grace Baptist Academy has been indicted on several charges, including exploitation of a minor by electronic means, sexual battery by an authority figure, ... (click for more)

A brush fire on Montlake Road neat the Pocket Wilderness on Thursday afternoon was put out quickly. Calls started coming in at 2:15 p.m. with reports of a brush fire near Canyon Rim Road ... (click for more)

Senate education committee Chairman Lamar Alexander on Thursday released the following statement on the Trump Administration’s Higher Education Executive Order: “I agree with the administration ... (click for more)


Breaking News

Former Grace Baptist Academy Assistant Football Coach Facing Charge Of Sexual Contact With A Minor

A former assistant football coach at Grace Baptist Academy has been indicted on several charges, including exploitation of a minor by electronic means, sexual battery by an authority figure, and sexual contact by an authority figure. James Everett Barker, Jr., 30, of 507 Farmway Dr., Cleveland, is charged with unlawfully engaging in sexual contact with a minor between Oct. 28 ... (click for more)

Brush Fire On Montlake Road Is Put Out Quickly

A brush fire on Montlake Road neat the Pocket Wilderness on Thursday afternoon was put out quickly. Calls started coming in at 2:15 p.m. with reports of a brush fire near Canyon Rim Road and Montlake Road. The Mowbray VFD was called out, found the brush fire, and had it put out by 2:34 p.m. (click for more)

Opinion

Keep The Electoral College

In 1950 there were 12 urban areas in the United States that had one million or more citizens. In 2010, 41 had more than one million in population and this number is projected to grow to 53 by 2030 (Source: United Nations Department of Economic and Social Affairs, Population Division). And currently more than 85 percent of our population is clustered into cities. Of the ten most ... (click for more)

Thank You, Senator Alexander, For Protecting Our Health

The American Lung Association in Tennessee is grateful to Senator Alexander for opposing the U.S. Environmental Protection Agency’s proposal to weaken the Mercury and Air Toxics Standards. Mercury causes permanent damage to the brains of babies and unborn children, leading to developmental delays, learning disabilities and birth defects. Power plants also emit more than 80 other ... (click for more)

Sports

Gathering of ‘Scrappy’s Boys’ Celebrate Wright’s Arrival As UTC Coach

For the better part of the past 25 years, there has been a monthly gathering of former University of Tennessee at Chattanooga letterman who value the common thread they all share. The group refers to themselves as “Scrappy’s Boys”, honoring the late Moc football coach A.C. “Scrappy” Moore for whom many of them played during his 37-year coaching tenure in Chattanooga. The get-togethers ... (click for more)

Prep Baseball: Chargers Slip Past Trojans, 4-3, In Ooltewah Invitational

(Story will be updated) Versatile senior John Rhodes can impact a baseball game in multiple ways. Thursday’s Chattanooga Christian game against host Soddy-Daisy in the Ooltewah Invitational was a perfect example. Rhodes started his team’s scoring in the first inning and ended it with alert baserunning in the seventh as the Chargers came away with a 4-3 victory over the ... (click for more)