Bristol, TN city council approves TIF application for ALDI

Bristol Tenn. City Council approves TIF for new Aldi

Bristol Tennessee City Council voted Monday to approve a TIF request tied to the development of a new Aldi store to the former Volunteer Plaza site.

Bristol, TN city council approves TIF application for ALDI

BRISTOL, Tenn. (WJHL) — The Bristol, Tennessee City Council unanimously approved an amendment that would provide tax increment financing (TIF) to redevelop the former Volunteer Plaza into an ALDI grocery store. TIF allows property taxes to be frozen at a base level that will be paid back in the future. In this case, Godsey Leasing [...]

Bristol, Tenn., approves plan for proposed Aldi off Volunteer Parkway

Bristol, Tennessee, is a step closer to getting a new Aldi on Volunteer Parkway after the Bristol City Council approved a tax-increment financing plan tied to t

Bristol TN paves the way for new ALDI location

The Bristol, Tennessee City Council unanimously approved an amendment that would provide tax increment financing to redevelop the former Volunteer Plaza into an ALDI grocery store. The Godsey Leasing Company is requesting up to $500k for 20 years. Tax Increment Financing, allows property taxes to be frozen at a base level that will be paid back in the future. Since taxes would be frozen, the developer would owe the city money after the ALDI is b…