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City staff say Northgate Mall project 'needs an incentive'; council set to consider TIF on Dec. 2
Summary
City staff told the Chattanooga City Council that an Industrial Development Board public hearing cleared the way for the Northgate Mall infrastructure TIF and that a staff 'but‑for' analysis found the project requires incentives; the council will revisit the proposal Nov. 18 and vote Dec. 2, with a sales‑tax agreement still being drafted.
Chattanooga city staff told council members on Nov. 4 that the Industrial Development Board (IDB) unanimously approved the economic impact plan and infrastructure tax-increment financing (TIF) proposal for the Northgate Mall site and has forwarded the plan to the city council for consideration.
"The report confirmed what staff believes, which is that the project needs an incentive to be successful," Bridal Allen, senior adviser for economic and workforce development,…
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