Reacting to concerns of downtowners last month, Memphis Housing and Community Development and MHA Director Robert Lipscomb has issued a detailed explanation of plans for Heritage Trail, the blighted area south of FedEx Forum.
In a letter to city officials and downtown stakeholders, Lipscomb said there have been “misunderstandings” and inaccurate accounts of the proposal that would use Tax Increment Financing (TIF) to pay for improvements with future tax increases from higher property values.
The document is here in PDF form.
