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Friday, November 13, 2026Nov 13

Business Improvement District collects $686,000 in fees from Chattanooga area property owners

Money tile / photo courtesy of Getty Images
Money tile / photo courtesy of Getty Images Money tile / photo courtesy of Getty Images

The downtown Business Improvement District has collected $686,000 in fees through April 9, and is owed another $226,000, said Gordon Stalans, head of the district’s finance committee, during a meeting of the full board on Wednesday.

The new director of the Business Improvement District, Steve Brookes, will work with a member of River City Company staff to get in touch with owners of the 63 properties that have outstanding fees due, Stalans said.

“It’s better that they do that instead of the board being involved in that process,” he said.

The fees were due along with property taxes on Feb. 29, and the district will follow the city’s policies on penalties and interest, which started March 1, Stalans said. The four nonprofit organizations that have requested exemption from Business Improvement District fees won’t be charged penalties and interest while the board sorts out how to resolve those requests, he added.

A planned meeting of the board’s finance committee to discuss those exemption requests was postponed because of the coronavirus crisis, and it has not been rescheduled. Though the finance committee would like to meet in person to talk about the issue, that may not be possible, said board chair Steve Hunt.