Mayor O’Connell proposes Legacy Business grant pilot
Updated
Updated · WZTV · May 1
Mayor O’Connell proposes Legacy Business grant pilot
10 articles · Updated · WZTV · May 1
In Nashville, the plan was unveiled in Wednesday’s state of the city budget address as 12 South Taproom said it will close in late May after nearly 20 years.
Owner Will Shuff said property taxes rose by more than $20,000, while higher operating costs, rents and out-of-state investment made the business unsustainable.
O’Connell said he is not proposing property tax rate cuts because of the assessment timeline, instead expanding grant support for long-time local businesses as Metro Council weighs ways to help neighbourhood favourites.
With property taxes soaring 60%, can a new grant program save Nashville's local businesses from being priced out?
While Nashville offers grants, a 14,000-case backlog stalls tax appeals. Can the city's administration fix the underlying crisis?