Incentives offered for
developing in Downtown Memphis . . .
PILOT Program
Development Loan Program
Historic Tax Credit Program
Main Street Tenent Loan Program
Broker Bonus Program
Bond Issues
Go to download of
PILOT Program Packet and Application
(Requires Adobe Acrobat Reader)
Learn more about
Center City Revenue Finance Corporation
See a map of
Central Business Improvement District
Downtown Historic Districts
|
PILOT tax freeze program
The PILOT (payment-in-lieu-of-taxes) Program is a
financial incentive that is designed to encourage commercial real estate
development in and around the Central Business Improvement District by
“freezing” property taxes at the predevelopment level for a predetermined period
of time.
To be eligible for a PILOT, the value of the building
renovations, site improvements or new construction must be equal to or greater
than sixty percent (60%) of the total project cost.
The program is
administered by the Center City
Revenue Finance Corporation through an application and review
process. For a copy of the application and general policies of the PILOT
Program, download PILOT application or call the Center City Commission at (901)
575-0540.
|
