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East Ridge approves tax-sharing deal for 4011 Ringgold Road shopping center
Summary
The East Ridge board on July 17 approved Resolution 2025-7-17, a Border Region sales-tax sharing agreement with developer ER Investment for a three-unit commercial project at 4011 Ringgold Road; the vote was unanimous.
The East Ridge board on July 17 approved Resolution 2025-7-17, authorizing a Border Region sales-tax sharing agreement with ER Investment for a three-unit commercial development at 4011 Ringgold Road in East Ridge, Tennessee. The board voted 5-0 to adopt the measure.
City staff told the board the project is a three-unit shopping center with two units planned for retail use and one likely to be a laundromat. Staff said the total project cost is approximately $2,400,000 and that the city applied an estimated baseline of $17,000 to calculate Border Region revenue eligible for sharing.
The agreement allocates revenue from…
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