IDB Asked To Approve $4 Million "East Chattanooga Rising" TIF At Former Harriet Tubman Site

  • Wednesday, October 28, 2020

The city Industrial Development Board on Monday will be asked to approve an "East Chattanooga Rising" Tax Increment Financing (TIF) District at the former Harriet Tubman site.

The TIF project would then go on to the City Council for its approval.

The project is built around plans by Nippon Paint to invest $59 million on a 28.94-acre site.

Some $4 million in infrastructure improvements are planned at the site, and that would be repaid through dedicated taxes from the Nippon facility at 3.5 percent interest over 20 years.

Latest Headlines
Breaking News
Latest Hamilton County Arrest Report
  • 3/29/2024

Here is the latest Hamilton County arrest report: ASBERY, DAVID BENJAMIN 1920 GUNBARREL APT 404 CHATTANOOGA, 37421 Age at Arrest: 48 years old Arresting Agency: Chattanooga PD VANDALISM/MALICIOUS ... more

New Hope Fire Department Disputes TWRA Report On Kayaker Rescues
  • 3/28/2024

New Hope Fire Department Corey Comstock disputed a report by the Tennessee Wildlife Resources Agency about the rescue of 33 kayakers from extremely high winds near Nickajack Cave on Monday. ... more

Woman Dies After Being Seriously Injured In House Fire Thursday Afternoon
Woman Dies After Being Seriously Injured In House Fire Thursday Afternoon
  • 3/28/2024

A woman died after sustaining life-threatening injuries in a house fire on North Moore Road Thursday afternoon and was rescued by Chattanooga firefighters. Hamilton County 911 received a call ... more