Judge says he'll rule against development deal - WAFF-TV: News, Weather and Sports for Huntsville, AL

Judge says he'll rule against development deal

Posted: Updated:

CHATTANOOGA, Tenn. (AP) - A Tennessee judge has shot down a tax increment financing deal between taxpayers and a group of developers.

The developers wanted government assistance to build an estimated $9 million road through a $500 million golf course development.

The Chattanooga Times Free Press (http://bit.ly/1tzTQrN ) reports that Chancellor Frank Brown on Friday faxed attorneys a handwritten note advising he would officially rule on Monday that the bond agreement between the Industrial Development Board and the developers of Black Creek Mountain is invalid.

Brown indicated his ruling is based on violations of open meetings rules, conflicts of interest and questions over whether the residential project complies with state law.

Information from: Chattanooga Times Free Press, http://www.timesfreepress.com

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Powered by WorldNow

1414 North Memorial Parkway
Huntsville, AL 35801
256-533-4848

WAFF Is a Proud Member
of the Raycom Family of Stations


FCC Public File
EEO Report
Closed Captioning

All content © Copyright 2000 - 2014 Worldnow and WAFF. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.