Cordova Countrywood development gets $47M
The Economic Development Growth Engine of Memphis and Shelby County increased its funding for the development that includes single family homes near Colonial Country Club.
There are 6 article(s) tagged Legacy at Countrywood:
The Economic Development Growth Engine of Memphis and Shelby County increased its funding for the development that includes single family homes near Colonial Country Club.
“This is a wonderful Christmas present for Cordova,” Memphis City Councilwoman Rhonda Logan said. “This will be the catalyst needed for Cordova … and is a perfect example of a public-private partnership.”
On Wednesday, Sept. 21, Economic Development Growth Engine board members approved the federal eco-friendly incentive for developers.
Heidi Kuhn had sought seven positions but the commission worried it could trigger budget amendments from the other clerks.
The decision was one of several by the Memphis City Council in a Tuesday, July 12, agenda that was heavy with planning and development items.
The 175-acre, $400 million mixed-use development near Colonial Country Club in Cordova is approved for an eight-year tax increment financing (TIF) of up to $23 million.
About 6 results