Cobblestone Hotel gets first TIF agreement in Carter County
ELIZABETHTON (Sept 25, 2018) — Now that the city’s first tax increment incentive financing district is in place, the first application has been approved by the Board of Directors of the Elizabethton Housing and Development Agency.
The directors unanimously approved the application by Cobblestone Hotel Development during the board’s monthly meeting Tuesday morning.
The board approved the application from Cobblestone Hotel Development for a maximum period of 20 years in the amount of $1,042,352.82. The EHDA Board is the final approval authority for the tax increment incentive, so the agreement became effective upon the approval of the board on Tuesday.
Read the full article in the Johnson City Press.