Hamilton County commissioners on Wednesday approved a property tax incentive for the M.L. King Boulevard extension that will form a $3.5 million gateway to the Tennessee River at Cameron Harbor.
The county joined the city to grant tax increment financing to
Hamilton County commissioners on Wednesday approved a property tax incentive for the M.L. King Boulevard extension that will form a $3.5 million gateway to the Tennessee River at Cameron Harbor.
The county joined the city to grant tax increment financing to extend M.L. King across Riverfront Parkway and create a dramatic entryway to the Blue Goose Hollow trailhead on the Tennessee Riverwalk.
The developer, Evergreen Real Estate, will be able to use a share of property tax money from four properties to pay off a construction loan for the road. The total cost, including interest, is expected to be around $5.2 million.
