Work is expected to start in January on the planned new link from West M.L. King Boulevard to Chattanooga’s waterfront after officials Friday approved a final financing step.
The city’s Industrial Development Board OK’d documents related to a $3.5 million loan to extend M.L. King to the Tennessee River, vastly improving the link to the Riverwalk at the Blue Goose Hollow Trailhead.
Charita Allen, the city’s deputy administrator of economic development, said work is to begin next month with completion set for late fall.
Ground was broken on the project in August by top city and Hamilton County officials, but issues related to the site and a tax-increment financing (TIF) agreement held up full construction.
The $3.5-million project will be done by Highland Building Group, which is affiliated with Cameron Harbor developer Evergreen Real Estate of Nashville. Pinnacle Bank is providing the loan.