Coca-Cola bottler gets tax breaks for Chattanooga expansion

photo The Olan Mills facility near Shallowford Rd. and Highway 153.

photo Site of Coca-Cola expansion in Chattanooga.

Coca-Cola Bottling Company United is another step closer to building its $62 million distribution center in Chattanooga after the city's industrial development board approved property tax breaks for the planned expansion.

Under the resolution adopted Tuesday, the Coke bottling plant -- the oldest in the world -- will lease the Olan Mills property from the industrial development board, which is a city agency. This allows for a PILOT (payment in lieu of taxes) agreement to be offered the company, which will pay only a portion of the city and county taxes it would otherwise pay if it owned the property.