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East Ridge board approves 20‑year development deal for Scooter's Coffee at 1491 Maxmith Road
Summary
The East Ridge Industrial Development Board on March 30 approved Resolution 2026‑32501, authorizing a 20‑year development agreement with Art Holdings Tennessee LLC for 1491 Maxmith Road. The agreement includes an 80/20 revenue split (developer/city), a $50,000 baseline and projected state tax returns of about $4.3 million over 20 years.
The East Ridge Industrial Development Board on March 30, 2026 voted to approve Resolution 2026‑32501, authorizing a 20‑year development agreement with Art Holdings Tennessee LLC for property at 1491 Maxmith Road that will include a Scooter's Coffee drive‑thru and an adjacent retail unit.
Staff introduced the agreement and said the site plan (attached as an exhibit to the resolution) locates the project at the corner of North Maxmith and Ringle Road. Staff said the agreement uses a $50,000 baseline and projects taxable sales that translate under the Border Region formula to about $144,000 in tax revenue in the first operating year…
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