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Editorial Results (free)

1. Hilton Developer Granted Closing Extension -

Developers of the Downtown Memphis Hilton Hotel project were granted a one-year closing extension from the Memphis Center City Revenue Finance Corp. board Tuesday, Oct. 9.

2. Hilton Developer Granted Closing Extension -

Developers of the Downtown Memphis Hilton Hotel project were granted a one-year closing extension from the Memphis Center City Revenue Finance Corp. board Tuesday, Oct. 9.

3. Hotel Developer to Seek Extension From CCRFC -

RPD Hotels LLC, the developer of Downtown Memphis Hilton Hotel project, is preparing to go before the Memphis Center City Revenue Finance Corp. seeking a one-year closing extension of its previously approved 20-year payment-in-lieu-of-taxes.

4. Projects Seeking IDB OK Need More Time -

All of the items on the Memphis-Shelby County Industrial Development Board’s special meeting Friday were lacking one major detail: time.

The board granted U.S. Foodservice Inc. more time for the presentation of its seven-year, $14.3 million payment-in-lieu-of-taxes request for expanding a distribution warehouse it now leases a portion of at 5900 E. Holmes Road.

5. More Time Needed for Projects Seeking IDB Approval -

All of the items on the Memphis-Shelby County Industrial Development Board’s special meeting Friday were lacking one major detail: time.

The board granted U.S. Foodservice Inc. more time for the presentation of its seven-year, $14.3 million payment-in-lieu-of-taxes (PILOT) request for expanding a distribution warehouse it now leases a portion of at 5900 E. Holmes Road.

6. IDB to Consider $14.3M PILOT for US Foodservice -

The Memphis-Shelby County Industrial Development Board will consider a seven-year, $14.3 million payment-in-lieu-of-taxes (PILOT) Friday for a Hickory Hill distribution facility.

Friday’s special meeting will also include an update on two projects still in the running for the $42.5 million of Federal Recovery Zone Facility Bonds allocated to the city and county governments.

7. US Foodservice Seeks $14.3M PILOT for Expansion -

U.S. Foodservice Inc. is considering buying and expanding its Hickory Hill distribution facility.

The company that markets and distributes more than 30,000 brand items from its warehouse at 5900 East Holmes Road is applying for a seven-year, $14.3 million payment-in-lieu-of-taxes (PILOT) program that would save the company $2.1 million in real and personal city and county taxes.

8. IDB Gives Riviana Green Light -

Riviana Foods Inc. told the Memphis-Shelby County Industrial Development Board Wednesday it plans to expand its rice product line, add 22 jobs and invest more than $10 million in its South Memphis manufacturing facility.

9. Riviana Gets IDB Green Light -

Riviana Foods announced a shift in investment for its business model to the Memphis- Shelby County Industrial Development Board Wednesday.

The board approved both Riviana’s additional one-year ramp-up request and the seven-year tax abatement period for its recently consolidated manufacturing and processing facility at 2314 S. Lauderdale St.

10. Cargill $72 M PILOT Gets IDB Green Light -

The Industrial Development Board of Memphis and Shelby County has unanimously granted Cargill Inc. a $72 million retention payment-in-lieu-of-taxes (PILOT) to renovate and expand its Presidents Island corn-milling facility.

11. SoFo Hotel Awarded 20-Year Tax Freeze -

The Center City Revenue Finance Corp. has awarded a tax freeze to developers planning an 11-story, roughly 300-room hotel across from FedExForum that will save the project more than $15 million in taxes.

12. SoFo Hotel Awarded 20-Year Tax Freeze -

The Center City Revenue Finance Corp. has awarded a tax freeze to developers planning an 11-story, roughly 300-room hotel across from FedExForum that will save the project more than $15 million in taxes.

13. IDB Approves $45 Million For Downtown Hilton -

A luxury hotel planned for the corner of Linden Avenue and Fourth Street got a big boost this week with the approval of $45 million in taxable revenue bonds from the Industrial Development Board.

The hotel, which will be branded a Hilton, is a key part of the Triangle Noir development plan for the area south of FedExForum and into South Memphis.

14. IDB Approves $45M in Revenue Bonds for Downtown Hilton -

The Royal Phoenix Hotel project won approval of $45 million in taxable revenue bonds Wednesday afternoon from the Industrial Development Board.

The hotel, which will be branded a Hilton, is a key part of the Triangle Noir development plan for the area south of FedExForum and into South Memphis. The hotel, owned by RPD Hotels LLC, will be financed with a combination of those bonds as well as $7 million in Recovery Zone Facility Bonds awarded earlier by the city.

15. IDB to Consider Trio of Requests -

The Memphis-Shelby County Industrial Development Board is scheduled to take action today on three industrial revenue bond requests, two of which are new and one of which is an amendment to an existing PILOT (payment-in-lieu-of-taxes).

16. $17.5M in Projects Approved by IDB -

A bottling plant, a luxury hotel and a research laboratory will soon see a combined $17.5 million in funding that Shelby County received through federal stimulus recovery zone facility bonds.

The stage is now set for an additional six projects to receive money through the program if the state reallocates unused funds to the area from other counties.