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IDB approves five-year extension for Riverwalk easement commencement period
Summary
The Industrial Development Board voted by voice to ratify a first amendment extending the commencement period for a Riverwalk easement tied to a North Access Road TIF transaction; the board also approved its December minutes by voice vote.
The Chattanooga Industrial Development Board voted by voice to ratify a first amendment to a Riverwalk easement agreement with NRC LLC that extends the period to commence substantial material construction and finalize the permanent easement area by five years.
Jermaine Freeman, representing Mayor Kelly’s office, told the board the amendment responds to timing needs tied to the North Access Road tax-increment financing (TIF) transaction and would allow more time to build a greenway on the…
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