The Chattanooga City Council has approved a deal that solidifies a $100 million revitalization project in the city’s South Broad area. The project is centered around the baseball stadium of the Chattanooga Lookouts, a minor league affiliate of Major League Baseball’s (MLB) Cincinnati Reds. “For more than two decades, these 140 acres around us have sat vacant as a sad, rusting reminder of our wasted potential,” Chattanooga Mayor Tim Kelly said in a press conference in June, pitching the revitalization project. “There have been no less than eight studies conducted on this site since 2003, but despite that, our western gateway has remained a blighted brownfield doing absolutely nothing to increase jobs, tourism, or quality of life for our residents.” Previously, the MLB was considering pulling the Lookouts’ affiliation with the League altogether, due to the stadium being in a state of disrepair. But now the entire area will be revitalized, turning from an eyesore to a potential economic boon for the city, which intends to use taxes generated by the new site – including office spaces, retail locations, and restaurants – to fund schools and other government-funded projects. “The City and County leveraged tax increment financing for the project, with…
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