Here’s a look at the business trends for May in the Chattanooga area.
What opened
— Torikaya, the Kals Group’s latest restaurant helmed by executive chef Erick Cielo, opened to the public in mid-May. The restaurant offers a diverse menu of Japanese dishes infused with Southern flair.
What closed
— Bela Lisboa, a Mediterranean and Portuguese restaurant on Frazier Avenue, closed at the end of May after nine years in business.
— Stevarino’s North Shore location on Cherokee Boulevard closed in late May after seven years of operation.
— A second explosion at the Amaero Advanced Materials & Manufacturing plant in Cleveland, Tennessee, prompted a shutdown of the facility in the Spring Brook Industrial Park.
Announced developments
— A Chattanooga company is teaming up with a publicly traded national venue developer to construct a $300 million, 12,500-seat amphitheater along the Tennessee River.
— Erlanger Health broke ground in late May on an expansion and renovation of Erlanger East Hospital on Gunbarrel Road.
— The Chattanooga Lookouts and the Tivoli Theatre Foundation announced a partnership to bring concerts to the new ballpark off Broad Street.
— The Tennessee Valley Authority will reduce pay across the agency by as much as $153 million in response to a directive from President Donald Trump.
— Chattanooga’s Seven States Power Corp. is leveraging $439 million in loans and grants from the U.S. Department of Agriculture to build grid-level batteries across Tennessee.
— Ahead of the stadium’s demolition, the Sports Authority of Chattanooga terminated the Chattanooga Lookouts’ lease at AT&T Field and handed over site responsibility to River City Co.
— Federal grants will fully cover the recent $10 million increase in Walnut Street Bridge repair costs, city officials confirmed in May.
— The former Airport Inn will be transformed into Provident Place, offering 124 beds and 10 cribs for emergency shelter and transitional housing to increase the number of available beds for families experiencing homelessness in Chattanooga.
The Hamilton County Commission voted unanimously to declare the Hamilton County Business Development Center as surplus property.
— Compiled by Kiara Green