TAX INCREMENT FINANCING

Helen Burns Sharp for ATM

The Chattanooga City Council first adopted TIF policies in 2015 with Resolution 28335.

The City Council adopted an updated version in 2023 with Resolution 31631.

ATM recommends these changes to the TIF policies:

• Send the Development Agreement to the City Council as well as to the Industrial Development Board.
• Revisit the provisions for city-initiated TIFs based on lessons learned from the TIF for the new baseball stadium.
• Clarify if TIFs can be used for primarily residential projects and, if so, which board--IDB or the Health and Education Facilities Board--would be the public entity entering into the TIF agreement with the developer. 

August, 2024