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East Ridge approves development agreement for Scooter's Coffee at 1491 Mac Smith Road
Summary
The council unanimously approved a development agreement with Art Holdings Tennessee LLC for 1491 Mac Smith Road (Scooter's Coffee and additional retail), endorsing an 80/20 border-region sales-tax split that would return roughly $3.3 million in border-region revenue to the district over the payout period.
The East Ridge City Council unanimously approved a development agreement on April 9 with Art Holdings Tennessee LLC for property at 1491 Mac Smith Road, the site of a proposed Scooter's Coffee and ancillary retail.
Staff and the city attorney described the agreement as a border-region development that uses state sales-tax returns under the border-region program to reimburse development activity. The recommended deal…
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