River City Company Wants To Bring More Housing Downtown

Set Text Size SmallSet Text Size MediumSet Text Size LargeSet Text Size X-Large
Share
Updated: 8/09/2012 6:27 pm
Hamilton County commissioners also consider a plan intended to bring more affordable housing downtown.
River City Company wants to bring back a tax incentive program.
The old Chattanooga Bank Building was one of the last projects to get the tax break before it expired.
The tax rate of qualified projects would be frozen for 10 years, despite any new development.
The goal is to increase the number of people living downtown.
Kim White, River City Company, "It's still pretty difficult to do rental housing downtown and with a growing population at UTC, with a growing workforce downtown it really is in demand. We've never even replaced the rental units that were torn down on Cameron Hill when they were gone."
But commissioners aren't so sure about the proposal.
They raised some concerns.
We'll tell you how they vote, next week.
Share
0 Comment(s)
Comments: Show | Hide

Here are the most recent story comments.View All

No comments yet!
LOCAL Deals
www.mortgage-south.com
Click here to learn more about the worry-free mortgage!
www.firstvolunteer.com
Meet the bank with personality to help with your home, car or business dreams today!
Stay Connected with WDEF News 12
 
Inergize Digital This site is hosted and managed by Inergize Digital.