Former Womens Hospital, Frances Willard Home To Become Student Housing; City Gives Tax Break

Wednesday, December 05, 2012

The City Council voted 9-0 on Tuesday night to give a 12-year tax break to a developer planning to convert two old buildings near the UTC campus for apartments geared toward students.

Kim White, River City Company executive director, said the projects by the Walk to Campus firm would not be feasible without the tax relief.

The locations are the former Frances Willard Building on Lindsay Street between Oak and Vine and the old Womens Hospital (most recently a pizza place) on McCallie Avenue.

The former building will have 48 beds for students and the latter 90 beds.

Rents will range from $625 for a private room to $475 for a room shared with three other students.

The work is set to begin now in order to have the units ready for students to occupy next August.

The firm has done five similar projects in the city.


Fidelity Trust Remains Bullish On Central Business District; Buying Old Krystal Headquarters On Cherry Street

Fidelity Trust Company has a contract to purchase the old Krystal headquarters at 701 Cherry St., Matt McGauley said. He stated, "We're very bullish on the Central Business District. We already have six buildings there, and this will be our seventh." The three-story business block includes the Cherry Street Diner. The building has 19,000 square feet of space. With the ... (click for more)

Real Estate Transfers For Sept. 4-10

NOTICE: The Hamilton County Register’s Office did not publish this data. All information in the Register’s Office is public information as set out in T.C.A. 10-7-503. For questions regarding this report, please call Chattanoogan.com at 423 266-2325. GI numbers, listed when street addresses are not available, refer to the location of transactions (book number and page number) ... (click for more)

Sewell Says City, EPB "Close" On Amount Owed By Utility To City On Street Light Overbilling

City Internal Auditor Stan Sewell told City Council members on Tuesday that EPB and the city are "close" on the amount owed by the utility to the city on street light overbilling. Mr. Sewell said the city computed the amount at about $1.2 million, while he said EPB's auditing firm, Mauldin and Jenkins, has it at $1.5 million for an 89-month period that was audited. Mr. Sewell ... (click for more)

City Council Votes 5-4 On New Process For Naming IDB Members

The City Council voted Tuesday night 5-4 to set up a new process for naming members to the Industrial Development Board (IDB), which currently has four vacancies. The process includes three City Council panels: A (Districts 1, 2, 3), B (Districts 4, 5, 6), and C (Districts 7, 8, 9). Group A will fill two of the vacancies and Groups B and C one each. Agreement ... (click for more)

Dirt Decision At Camp Jordan May Come Back To Haunt East Ridge Councilmen

Wow. I thought the arrival of Bass Pro Shop would help bring East Ridge back to a position of prominence in the Chattanooga area, but the Council proved otherwise last night.  To the council - There is a reason that the developers want that dirt: It's valuable . You currently own it and the developer wants it. Bass Pro has already agreed to set up shop. They were going ... (click for more)

Roy Exum: Goodbye To My Scooter

The month of August turned out to be unkind, with my dog, my favorite aunt and my magnificent mother all dying within three weeks’ time. As I finally begin to push out the three newest dents in my soul, my habit has been to write something akin to a goodbye note to those I have loved. I’m not ready for Aunt Martha and Mother yet – not by a stretch -- but I remembered Scooter with ... (click for more)