Commission approves tax-increment plan for Merchants Green retail project
The Hamblen County Commission approved an economic impact plan authorizing tax-increment financing for the Merchants Green retail development after the Industrial Development Board and its public hearing recommended approval; developers said no current county tenants will be displaced and parcel IDs are included in the plan.
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Hamblen County commissioners voted May 11 to approve an economic impact plan that will authorize tax-increment financing (TIF) for the proposed Merchants Green retail development. Attorney Jay Moneyhun, acting as counsel to the Industrial Development Board, told commissioners the board reviewed the project's application, held the 14-day-notice public hearing required by state law and received no public objections before forwarding the plan to the county for approval.
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