The River City Company says downtown Chattanooga produced over $32 million dollars in property tax revenue for the City of Chattanooga and Hamilton County in 2017.
It says the figure increases to $44.5 million dollars when the NorthShore is included. The figures come from a newly released report by Metro Idea Project (MIP), commissioned by River City Company. Since 2013, River City says property tax revenues in downtown Chattanooga have grown nearly 39 percent, adding an additional $4.9 million dollars to the city and county tax base.
When River City Company is asked, why should we continue to invest in Downtown or why does the investment matter to me, these figures show investment in our Downtown helps everyone in Hamilton County, said Kim White, CEO of River City Company. Continued, thoughtful investment in our urban core creates a dynamic city and also provides resources for services and amenities for all of our neighbors. These property tax revenues are going to continue going up in the coming years.
In addition to being the highest grossing property tax generator in Hamilton County, Downtown Chattanooga produced the highest amount of revenue ...