JECDB receives updates on possible projects
Published 11:43 pm Tuesday, February 13, 2018
Even with the lack of a quorum, ideas were circulating from local leaders.
A handful of members from the Carter County Joint Economic and Community Board (JECDB) met Tuesday inside the County Courthouse for a meeting about different projects circulating throughout the community.
Carter County Mayor Leon Humphrey and City Planning and Development Director Jon Hartman provided updates on a recent hotel feasibility study that has garnered the interest of a possible suitor.
One of the key elements that can assist with attracting a new hotel, according to Humphrey, is the implementation of tax-increment financing (TIF) in the area.
Hartman stated that his office is working on the scheduling a public hearing to discuss the ramifications of the new economic tool. Following a public meeting, which is being eyed in early March, TIF would have to be approved by city, county leaders and go before the Elizabethton Housing and Development Agency for the final step before becoming official.
Humphrey added that a TIF will be beneficial in solidifying a hotel in the region.
In other business, Humphrey announced the county is partnering with Dennis Tumlin with the Dayton community of Tennessee about turning Watauga Lake into a sports-based tourism attraction.
Humphrey shared a video to members that talked about Lake Chickamauga’s economic impact. In the video, it was noted that the community was able to receive millions of dollars worth of tourism-based dollars with their bass tournaments.
Humphrey said that he’s received input from marinas near the Lake and that the endeavor could be beneficial. The mayor added that over the next three months, progress on a design will be made with Tumlin.