Tax Increment Financing: The Process and Opportunities
The Bristol Tennessee City Council, in conjunction with the Bristol Tennessee Housing and Redevelopment Authority, has initiated Tax Increment Financing Policies and Procedures to foster the redevelopment of blighted properties and to aid in the development of the Bristol downtown.
A Redevelopment Plan was prepared for the Housing and Redevelopment Authority to identify properties appropriate for redevelopment status, either redevelopment districts, or potential redevelopment areas. This plan was prepared for and adopted by the Housing and Redevelopment Authority to guide development decisions and foster the redevelopment of the identified properties. To date, two redevelopment projects have been approved and implemented, the West Ridge Plaza Redevelopment Project and the Southgate Crossing Redevelopment Project. Both projects were approved for Tax Increment Financing by the City of Bristol and Sullivan County.
Please click here for tax increment financing opportunities available.
To submit a project for consideration, please fill out a TIF Application.
Important Documents:
| Tax Increment Financing Policies and Procedures |
| Redevelopment Plan |
| Tax Increment Financing Application |
Recently Completed TIF Projects in Bristol, Tennessee:
| West Ridge Plaza (former Wal-Mart complex) | Southgate Crossing (former shopping complex) |
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