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Council’s CRA-backed Cleveland Street Corridor TIF wins unanimous committee support; plan targets blight, housing and mixed‑use development
Summary
The Community Redevelopment Agency and neighborhood partners presented the Cleveland Street Corridor tax increment financing (TIF) plan; the council committee approved findings of blight and advanced TIF creation with unanimous support and scheduled a public hearing.
The City Council’s Community Redevelopment Agency (CRA) review committee and council members moved forward with a proposal to establish the Cleveland Street Corridor tax increment financing district, approving findings of blight and a redevelopment plan for parts of Districts 5, 6 and 7.
Presenters from Crosstown Memphis CDC, Mississippi Boulevard Christian Church and the CRA described a neighborhood‑scale TIF that would cover Cleveland Street from Jackson Avenue to Union and include Washington Bottoms property. Speakers said the corridor contains vacant, blighted and severely underutilized parcels and anchors including Crosstown Concourse, Kroger and Catholic Charities that create redevelopment opportunities.
Todd Richardson and other presenters laid out preliminary development scenarios that would mix single‑family, townhomes and multifamily housing, plus retail and music/arts venues; developers and church leaders described plans for a 23‑acre redevelopment on Mississippi Boulevard including mixed‑use and affordable housing elements. The CRA said consultants completed blight and fiscal analyses, and the CRA board approved the application and recommended the TIF’s next steps.
Council members asked about boundaries, why some parcels such as nonprofit hospitals were not included (because nonprofit status does not produce increment) and how the TIF would capture value from expected redevelopment. The committee voted unanimously to advance the TIF and asked staff to set a public hearing as part of the formal adoption process.
Supporters said the plan would create a pipeline of projects aimed at converting underused parcels into mixed‑income housing and commercial activity while generating tax increment to fund public improvements. The council will conduct the public hearing and subsequent votes required under Tennessee’s redevelopment statutes.
