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

Dalton Police Department Seeks Suspects In Car Break-Ins


Here is the latest jail booking report from Hamilton County: BEENE, JASON TODD 203 4TH ST NW FORT PAYNE, 35967 Age at Arrest: 41 years old Arresting Agency: Tenn Highway Patrol DRIVING ... (click for more)

Here is the latest jail booking report from Hamilton County: ADAMS, KENNETH MARK HOMELESS CHATTANOOGA, 37404 Age at Arrest: 47 years old Arresting Agency: Chattanooga CRIMINAL TRESPASSING ... (click for more)

The Dalton Police Department is seeking help from the public to identify two men who broke into three vehicles parked at the Planet Fitness gym on Walnut Avenue. There have been several car ... (click for more)


Breaking News

Latest Hamilton County Arrest Report

Here is the latest jail booking report from Hamilton County: BEENE, JASON TODD 203 4TH ST NW FORT PAYNE, 35967 Age at Arrest: 41 years old Arresting Agency: Tenn Highway Patrol DRIVING UNDER THE INFLUENCE SUSPENDED LICENSE (NONRESIDENT) POSSESSION OF CONTROLLED SUBSTANCE --- BLACK, JOHNATHON JOSEPH 1020 W 37TH ST CHATTANOOGA, 37410 Age at Arrest: 23 years ... (click for more)

Latest Hamilton County Arrest Report

Here is the latest jail booking report from Hamilton County: ADAMS, KENNETH MARK HOMELESS CHATTANOOGA, 37404 Age at Arrest: 47 years old Arresting Agency: Chattanooga CRIMINAL TRESPASSING --- BARCLAY, RONELL HARRIS 108 HOLLYBERRY LN CHATTANOOGA, 374113745 Age at Arrest: 22 years old Arresting Agency: Chattanooga CRIMINAL TRESPASSING RESISTING ARREST OR OBSTRUCTION ... (click for more)

Opinion

Save The Wildlife, Mr. Berke

Why in the world would there be any question regarding the wildlife at East Lake park, and the humane relocation of same? Why would anyone need to beg for the right thing to be done? Maybe if the ducks could ride scooters, there would be money for this. Or maybe if they had means to pay for one of the so-called affordable apartments we have in Chattanooga, they would rate the ... (click for more)

Roy Exum: An Easter Invitation

One of the hardest things a lot of people face is one of the easiest. Every so often someone will ask me about my faith and, while I mention it occasionally in a story, I never want to force my spirituality on anyone. But for some people, just the thought of asking God for forgiveness and His gift of eternal life is scary and it shouldn’t be. It costs nothing yet is priceless. And, ... (click for more)

Sports

Softball: Baylor Beat Summit To Claim Lady Trojan Invitational Gold

Baylor defeated Summit, 3-0, Saturday to win the Lady Trojans Invitational Gold Bracket championship at Warner Park on a cold, windy afternoon. The Lady Red Raiders came up with a run in the third and two more in the fourth of a five-inning showdown. In the third, Cadashia Collins drew a one-out walk and went to second on Emily Rye’s groundout. MaKayla Packer stroked an RBI ... (click for more)

Sale Creek Wins Soggy Yellow Jacket Classic

It was a miserable afternoon to be sitting at Lookout Valley Elementary School’s O’Mary-Conard Field for the last three games of the annual Yellow Jacket Classic softball tournament, but Sale Creek coach Clifford Kirk was just happy for his Sale Creek girls to have a chance to play. It was a worthwhile weekend for the Lady Panthers as they won their pool by winning all three ... (click for more)