Construction of a $300 million, 12,500-seat amphitheater at The Bend site in Chattanooga is contingent on the project receiving public incentives, according to Colorado-based developer Venu.
No new public incentives have been announced yet for the amphitheater. State and local officials have either said they are unaware of discussions about incentives or declined to comment.
The Bend, a 120-acre redevelopment site on the Westside, previously received a tax incentive that could reimburse developers with future revenue from property and sales tax.
Venu announced its plans for the amphitheater in May. The company relies on funding from municipalities for 40% of its venue costs, according to an overview online. The public funding comes in the form of real estate, tax incentives and cash, according to Venu.