CHATTANOOGA, Tenn. (WDEF)- The final plan to fix infrastructure issues at Northgate Mall was unveiled Tuesday.
This plan however, raised some questions.
The proposal presented on Tuesday was a two part plan.
The first part was the tax increment financing portion.
It would use a portion of sales tax revenue generated by new projects on the mall’s campus to replace its aging sewer system, that is privately owned by mall owner CBL.
However, according to an economic study done by a third party source, this would only generate a little over three million dollars on a nearly nine million dollar project.
To fund the rest of it, the city is proposing a local option sales tax of 1.125% to make up that difference.
It would apply to most businesses on Northgate Loop.
However, most of the cit

WDEF-TV

Citizen Tribune
WSMV 4 Nashville
AlterNet
MLB
Atlanta Black Star Entertainment
Las Vegas Review-Journal Politics
Raw Story
Cover Media
People Top Story