close
close

Latest Post

Biocidin Botanicals® hosts free Women’s Health Summit Shock over bride who baked her own wedding cake on the morning of the ceremony

(The Center Square) – Chattanooga is set to receive $3.5 million in grants to help clean up brownfield sites. In total, Tennessee received $5.6 million in federal grants from the U.S. Environmental Protection Agency.

Chattanooga had previously received $5.8 million in EPA grants from the city’s Revolving Loan Fund, which used the funds for nine redevelopment projects.

These include the former US Pipe and Wheland Foundry site and several locations on South Broad Street. The foundry will become the new home of the Chattanooga Lookouts after a $79.5 million stadium, largely funded by taxpayers, is completed.

Up to $80 million in bonds are to be repaid through $49.8 million in property taxes for the site, $17.5 million in lease payments ($1 million per year), an estimated 5 million dollars sales tax The team kept it after it was approved by Tennessee state lawmakers and paid an estimated $3 million in parking fees.

The project is to be built on a 100-acre site on the US Pipe and Wheland Foundry site near Interstate 24 and will include multifamily housing, office space and public recreation areas.

Dunlap will receive $632,807 to redevelop the former Victory Automotive site. The South Central Tennessee Development District will receive $1.5 million to assess brownfield sites in 13 counties – Bedford, Coffee, Franklin, Giles, Hickman, Lawrence, Lewis, Lincoln, Marshall, Maury, Moore, Perry and Wayne.

Leave a Reply

Your email address will not be published. Required fields are marked *