Memphis has given a stalled downtown apartment conversion a longer tax incentive, betting that an occupied historic tower will deliver more value than another building waiting for financing. On October 13, the Center City Revenue Finance Corp. approved a 20 year tax abatement for Left Lane Development’s Falls Building project. The plan calls for 175 upscale apartments at 22 N. Front St., turning former offices into housing. The approval is real. But calling the arrangement two decades without taxes would…
MarketNational
Memphis Gives Luxury Apartments a 20 Year Tax Break. Now the Developer Has to Deliver.
