The community benefits agreement tied to the Chattanooga Lookouts new ballpark calls for up to 400 workforce housing units on the old foundry site for the stadium and for the team to hire 15% of its employees from the South Broad area.
Also, the Lookouts will seek to spend 20% of estimated discretionary annual expenditures with vendors qualified as local Disadvantaged Business Enterprises, including Black-, women- and veteran-owned businesses, the agreement said.
In addition, the landowner of the U.S. Pipe/Wheland Foundry site will conduct a study of future development on traffic for the area, and it will work with CARTA to consider options for a multimodal transit center to serve South Chattanooga.
The agreement is only the second statewide and the first for Lookouts managing owner Jason Freier, who also operates minor league teams in South Carolina and Indiana.