East Chattanooga Rising

The city on Thursday will submit its plan for an “East Chattanooga Rising” Tax Increment Financing (TIF) District at the former Harriet Tubman site.The city will be asking the city’s Industrial Bond Board to send the plan on to the City Council for its approval. The project is built around plans by Nippon Paint to invest $59 million on a 28.94-acre site. Some $4 million in infrastructure improvements are planned at the site, and that would be repaid through dedicated taxes from the Nippon Paint facility.

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