Chattanooga City Council gives green light to rezone former Alstom site
The Chattanooga City Council has voted to approve Urban Story Ventures’ request to rezone most of the former Alstom manufacturing site along Riverfront Parkway.
The proposal discussed at Tuesday night's meeting will rezone majority of the site from manufacturing to mixed-use, allowing Urban Story Ventures to move forward with The Bend, a development that developers say will significantly revitalize the area between Riverfront Parkway and the Tennessee River.
“We very much appreciate the overwhelming community support we’ve received as our vision for a diverse development comes to fruition,” said Jimmy White, co-owner of Urban Story Ventures. “We are grateful for City Council Chairman Erskine Oglesby’s guidance and expertise throughout this project. In addition, continued support from the Chattanooga City Council, Mayor Andy Berke and Chattanooga-Hamilton County Regional Planning Agency allows us to create this vibrant destination for Chattanooga residents and visitors.”
Urban Story Ventures says the Bend, designed by Dover, Kohl & Partners, is projected to add up to $3 billion in investments, over 5,000 jobs and more than $11 million in annual tax revenue to the city and county. Commercial, residential, office, civic, entertainment and event space will be constructed over the next decade with the first phase beginning as early as 2020.
The Regional Planning Commission recommended the approval of the special zoning for the development last month.
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