Jaxx lease approved
Council also approves tax financing district, change of golf course owner
By NICHOLAS BEADLE
Jackson Sun (Tennessee)
December 3, 2008
Jackson [Tennessee] city councilmen on Tuesday approved a new lease that will keep the West Tenn Diamond Jaxx playing in Pringles Park.
The council also approved creating a tax financing development district that team owners want to use to develop a hotel and conference center project. The Madison County Commission must also approve the district's creation. Like the previous deal, the new lease charges the team $30,000 a year for use of Pringles Park. The new stadium deal heavily references land near the stadium being part of a new Tax Increment Financing district, which collects increases in tax payment to spend on future development.
In other action, city officials approved steering more than $800,000 in federal transportation grant money and passed other measures toward construction of a railroad museum at the Old Country Store property off of the U.S. 45 Bypass.
Keith Donaldson, Jackson's principal planner, said the council had to approve the measures because the grant, distributed through the Tennessee Department of Transportation, cannot go toward a private entity.
|
|
|
 |
 |
 |
|
$9,703,057,884,240.00
|
$31,684.74 Per Citizen |
|
