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 Jail Booking Report

3 Men With Sledgehammers Robbed Jared's Jewelry On Gunbarrel Road As Part Of Rampage

$1,674,732 Tennessee Cash Jackpot Winner Is in Kingsport


Here is the latest jail booking report from Hamilton County: BARNACK, DENNIS J HOMELESS CHATTANOOGA, 374116001 Age at Arrest: 45 years old Arresting Agency: Hamilton County VANDALISM/MALICIOUS ... (click for more)

Three men with sledgehammers robbed Jared's Jewelers on Gunbarrel Road on Feb. 6 as part of a rampage across parts of the country. Then on Saturday night three men with sledgehammers carried ... (click for more)

A Tennessee Cash player in Kingsport won the $1,674,732 jackpot Friday night by matching all six numbers drawn. This is the 263rd winning ticket of $1 million or more sold since the Tennessee ... (click for more)


Breaking News

Latest Hamilton County Jail Booking Report

Here is the latest jail booking report from Hamilton County: BARNACK, DENNIS J HOMELESS CHATTANOOGA, 374116001 Age at Arrest: 45 years old Arresting Agency: Hamilton County VANDALISM/MALICIOUS MISCHIEF ASSAULT --- BROCK, REYSAM J 908 W 38TH ST CHATTANOOGA, 37410 Age at Arrest: 20 years old Arresting Agency: Chattanooga DOMESTIC ASSAULT RESISTING ARREST ... (click for more)

3 Men With Sledgehammers Robbed Jared's Jewelry On Gunbarrel Road As Part Of Rampage

Three men with sledgehammers robbed Jared's Jewelers on Gunbarrel Road on Feb. 6 as part of a rampage across parts of the country. Then on Saturday night three men with sledgehammers carried out a similar robbery at the Jared's at the Riverchase Galleria in Hoover, Ala., on Saturday night, according to the Hoover Sun. One of the men entered the Hoover store at 6:58 p.m. and ... (click for more)

Opinion

Questions About TVA And Controlling Water Levels - And Response

So in 2003 Chattanooga and Marion County and more people below Chickamauga Dam suffered a 100 year flood because TVA had not prepared for the amount of rain that fell. Since then up until 2018 they have done a great job with controlling the flooding problems. On Feb. 14 they started dumping water at Chickamauga Dam and raising the river, bringing the river level up. Feb 15 it's ... (click for more)

Confusing Racism And Racial Injustice

I guess many people confuse racism with racial injustices. They're only related in the sense when racism is used to make legal and physical racial injustices take place. Racism is an emotion anyone is entitled to. That's their cross to bear. Something the racist will one day have to give an accounting for. Racial injustices takes physical, emotional, psychological and mental actions ... (click for more)

Sports

Baylor, Cleveland Claim State Wrestling Titles

The Cleveland Blue Raiders didn’t leave much room for doubt on the final day of the TSSAA Traditional State wrestling tournament at the Williamson County Agricultural Expo Park in Franklin Saturday. While Cleveland breezed to their title by a 65.5 point margin over runner-up Wilson Central, the competition in the other two divisions was much closer. Baylor had an outstanding ... (click for more)

East Hamilton Girls, Boys Reach Disrict 5-3A Tournament Championship Round

Expected inclement weather will not dampen East Hamilton’s basketball spirits on Monday and Tuesday. That’s because on Saturday, the East Hamilton girls and boys posted semifinal victories and are penciled in as District 5-3A tournament finalists against Bradley Central’s Bearettes and Cleveland’s streaking Blue Raiders, respectively, at Soddy-Daisy High School. The No. 3 ... (click for more)