Highland Strip boosters want to establish an economic development zone funded by property tax growth generated by the area's ongoing resurgence.
The University Neighborhood Development Corp. proposes to include 601 tax parcels on or near Highland between Poplar and Park in a University District-Highland Row tax increment-financing or TIF district.
A TIF district, which would require Memphis City Council and Shelby County Commission approval, would divert a portion of increased city and county property taxes into improvements within the district.
The Economic Development Growth Engine of Memphis and Shelby County has scheduled an Aug. 17 public hearing on a proposed economic development plan supporting the University District-Highland Row TIF. EDGE published a public notice about the TIF this week and has a map available at its offices.
"We think we've got a compelling case, especially with the University of Memphis behind us and working in concert with the university and the surrounding neighborhoods," said development corporation president Mike Keeney.