The East Ridge City Council approved an incentive agreement with the Chattanooga Red Wolves SC, Thursday at its regular meeting at City Hall.
Earlier in the week, the city’s Industrial Development Board had voted to enter into a development agreement with the Red Wolves that is anticipated to bring the organization about $1.5 million a year in Border Region tax increment money. The City would see its revenues increase about the same amount by virtue of increased property, local sales, and hotel/motel taxes on the $125 million build-out.
Developer Bob Martino is expected to break ground on the site in the next few months. The mixed-use project will include a 5,500 seat soccer stadium, retail stores, office space, condo/apartments, restaurants, a hotel, and a convention center.
The council also welcomed new City Manager Chris Dorsey to the job. Dorsey, a former Red Bank and Signal Mountain City Manager, succeeds J. Scott Miller. Miller retired in November 2018 after serving for almost three years in the position.
Click on the link below to see a video of the City Council Agenda Meeting:, and the regular City Council Meeting: