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Maclellan Building in Chattanooga

The Hamilton County Commission voted this morning to unanimously approve the highly debated 14-year tax break to reconstruct the historic downtown Maclellan Building

With the Commission's vote, the Memphis-based developer, Heritage Land and Development Co.will receive a 14 year waiver of taxes (with a four-year phase-in of taxes at the end of that period) to renovate the Maclellan Building on Broad Street that has remained mainly vacant for 
10 years. 

The developer will pay roughly $1.5 million in property taxes over 14 years, but Hamilton County and the city will waive about $1.3 million over the same period.

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