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7 Vance (The Oliver) Staff Report.pdf

The-Oliver_REVISED-PILOT_STAFF-MEMO_FINAL_03.06.2023.pdf

Preview of 7 Vance (The Oliver) Staff Report

🔗 Source: downtownmemphis.com

📊 Size: 104 KB

👤 Author: Jaske' Goff

⬇️ Downloads: 64

Summary

Center City Revenue Finance Corporation (CCRFC) received a request to amend a previously-approved Payment In Lieu Of Taxes (PILOT) for 7 Vance (The Oliver), a 210-unit multi-family apartment building. The applicant, Mr. Chance Carlisle, is requesting to expand the project site to include an adjacent parcel (339 S. Front) and add 63 more units. The estimated development budget for Phase II is $21.9M. The Downtown Memphis Commission (DMC) staff supports the amendment, citing the positive impact on the South Main neighborhood and the potential to increase walkability and pedestrian safety Downtown. Staff recommends approving the request, subject to standard approval requirements and conditions.

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Description

Center City Revenue Finance Corporation (CCRFC) received a request to amend a previously-approved Payment In Lieu Of Taxes (PILOT) for 7 Vance (The Oliver), a...

Technical Information

File Format: PDF
File Size: 104 KB
Pages: 2
Language: EN
Author: Jaske' Goff
Total Downloads: 64
Last Updated: 3 months ago

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