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Kim White, CEO of RiverCity Co. in ChattanoogaPhoto by Contributed Photo /Chattanooga Times Free Press.
The City Council is set to vote tonight on whether it will give a 12-year tax abatement to a 74-room, 12-story apartment complex in downtown Chattanooga.
The development would be put in the old Chattanooga Bank Building on 8th and Market streets, said Kim White, CEO of River City Co.
The tax abatement would save the developer — Ray Moss Inc. — about $150,000 a year.
The complex would also have commercial property on the top two floors and retail property on the first floor, White said. Those businesses would still pay taxes.
For more information, read tomorrow’s of the Times Free Press.
Cliff has worked for the Times Free Press for five years and covers Chattanooga city government. He previously covered Rhea County, as well as transportation and growth and development in Southeast Tennessee. A native of Maryville, Tenn., Cliff graduated in 2003 from the University of Tennessee with a bachelor’s degree in communications with an emphasis on journalism. Before coming to Chattanooga, he was a crime reporter with Hernando Today, a supplement of The Tampa (Fla.) ...
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