County Commission Goes Along With City On Tax Break For Patten Towers Remodeling

Wednesday, January 16, 2019

The County Commission on Wednesday approved a 25-year PILOT tax break for investors in a $9 million redo of the rundown Patten Towers.

The only no vote was by Commissioner Tim Boyd, who said "the numbers don't add up" that were provided by the Nashville-based Elmington development group.

He also said the group had used "bully tactics" in saying they would not fix up the property without the PILOT.

Elmington had asked for the issuance of $25 million in multifamily housing revenue bonds in addition to a 25-year PILOT tax break. 

The City Council gave its approval earlier.

The proceeds of the bonds would be loaned to Patten Affordable Partners LP for the acquisition and updating of the one-time Hotel Patten.

The facility will continue to serve low- and moderate-income residents.  

John Shepard of Nashville-based Elmington said current property taxes at the site 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 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. 


Latest Hamilton County Arrest Report

Latest Hamilton County Arrest Report

Anonymous Donor Gives $850,000 For 5-Mile Bicycle Trail At Enterprise South Nature Park


Here is the latest Hamilton County arrest report: ARMSTRONG, TERRIANCE DELANE 7210 RIDGEBAY DR HIXSON, 37343 Age at Arrest: 26 years old Arresting Agency: Chattanooga RESISTING ARREST ... (click for more)

Here is the latest Hamilton County arrest report: AARON, TAMMY RENEE 2425 ASHMORE AVE APT 9 RED BANK, 37415 Age at Arrest: 49 years old Arresting Agency: Red Bank THEFT (UNDER 1000) ... (click for more)

An anonymous donor has given the county $850,000 for a five-mile bicycle trail at Enterprise South Nature Park. Lee Norris, general services administrator, said, "We were approached by this ... (click for more)


Breaking News

Latest Hamilton County Arrest Report

Here is the latest Hamilton County arrest report: ARMSTRONG, TERRIANCE DELANE 7210 RIDGEBAY DR HIXSON, 37343 Age at Arrest: 26 years old Arresting Agency: Chattanooga RESISTING ARREST OR OBSTRUCTION OF LEGAL PROCESS --- BAILEY, HARLEY DAWN 8421 GANN RD SODDY DAISY, 37379 Age at Arrest: 28 years old Arresting Agency: Hamilton County FAILURE TO APPEAR --- ... (click for more)

Latest Hamilton County Arrest Report

Here is the latest Hamilton County arrest report: AARON, TAMMY RENEE 2425 ASHMORE AVE APT 9 RED BANK, 37415 Age at Arrest: 49 years old Arresting Agency: Red Bank THEFT (UNDER 1000) THEFT (UNDER 1000) --- BARBEE, JOSHUA 250 FISHER LANE DECATUR, 37322 Age at Arrest: 32 years old Arresting Agency: Hamilton County POSSESSION OF DRUG PARAPHERNALIA SIMPLE POSSESSION ... (click for more)

Opinion

Earl Freudenberg: Remembering 3 Friends (Glenn Draper, Marshall Roberson And Betsy Anderson)

Waking up this Sunday morning (Father's Day), I learned of the passing of three friends who had an impact on my life - Glenn Draper, Marshall Roberson and Betsy Anderson. Glenn was a guest on my radio program many times. He and his musicians represented Chattanooga around the world. In the 50's, Glenn had a national weekly radio program on NBC. He recorded several dozen CD's ... (click for more)

Roy Exum: What The Indians Knew

‘Flea’ Chambliss, who was a hale-and-hearty friend for my entire life, died at the age of 81 last week and, when the funeral is held at Lookout Mountain’s Church of the Good Shepherd this coming Tuesday (3:30 p.m.), you can bet some glorious stories will be told. After all, ‘Flea’ was indeed a Chambliss – their family Bible proclaiming he was regally known as John Alexander Chambliss ... (click for more)

Sports

CFC Avenges Earlier Loss To Georgia Revolution With 2-1 Win On The Road

With the score between Chattanooga Football Club and the Georgia Revolution tied at one a piece, the saying “it’s sometimes better to be lucky than good” most certainly applied to Chattanooga’s second goal of the game as CFC avenged an earlier loss. It all started with a lackluster clearance by Georgia off of a Chattanooga throw in. The ball flew out to CFC’s sturdy defender ... (click for more)

Mangels Erases Richmond In Red Wolves' 1st Road Win, 2-0

With 83 minutes gone by and a 1-0 lead in his pocket, goalkeeper Andrew Mangels just needed to defend his net for a few more minutes. Those minutes were fraught with danger though, as the Richmond Kickers mounted attack after attack in a desperate effort to equalize the score. But the Red Wolves came out on top for their first road win. The latest onslaught came on a long pass ... (click for more)