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Industrial Development Board approves Whataburger development agreement at 6521 Ringgold Road
Summary
The Industrial Development Board of the City of East Ridge on Feb. 20, 2025, approved a development agreement with BKW Properties LLC to redevelop the former Wally’s site at 6521 Ringgold Road, with a Whataburger identified as the proposed tenant.
The Industrial Development Board of the City of East Ridge on Feb. 20, 2025, approved a development agreement with BKW Properties LLC to redevelop the former Wally’s site at 6521 Ringgold Road, with a Whataburger identified as the proposed tenant.
City Attorney Mark read the resolution caption and summarized the project, saying the estimated total development cost is about $3,780,000 and that the developer projects roughly $4 million in taxable sales beginning in fiscal 2025 with a conservative 2% annual growth assumption. "This is a great win for the city and the state," Mark said, explaining the agreement is structured to be performance-driven and that the border-region tax allocation is paid only…
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