Friday, February 14, 2020 08:58 PM

EAST RIDGE COUNCIL OFFERS INCENTIVES TO MARRIOTT DEVELOPER - THE CHATTANOOGAN

The East Ridge City Council approved a resolution authorizing more than a million dollars in incentives to a developer who wishes to build a hotel near Jordan Crossing.

The resolution would provide $1.6 million in Border Region state increment money over a 21-year period to Dynamic East Ridge, LLC and its principal, Roshan Amin, who intends to build a Marriott.

Dynamics project went before the East Ridge Industrial Development Board on Feb. 4, where developers from Exit 1, LLC, who are developing Jordan Crossing and oppose the project, were present.

The board, in an unprecedented move, did not even consider the proposal and took no action.

At Thursdays meeting, Russell Gray, an attorney representing Exit 1, LLC, addressed the council urging it to reject any incentives for the project.

Gray said that his clients have done a great deal for East Ridge and that they have never opposed any other development project. However, this project has unique circumstances.

Gray said that Exit 1, LLC has a pre-existing ground lease with Dynamic East Ridge to develop a Marriott inside Jordan Crossing. His clients have done site work, engineering, and have lined up investors for the project.

Gray said that the City Council offering incentives to a developer ...

News source: GOOGLE NEWS

See also: EastRidgeEyeCenter