Byline: Hugh G. Willett
Oct. 9--LENOIR CITY -- The Lenoir City Council voted Monday to approve a $20 million tax increment financing proposal to provide infrastructure improvements for the planned Town Creek/Overholt retail, medical and residential development.
"You have to give a little to get a little to get the developers to come into the area in the first place," said City Councilman Gene "Blackie" Johnson before the vote.
"This is going to be a great benefit, assuring the latest medical facilities and the betterment of Lenoir City."
The Lenoir City Industrial Development Board approved the TIF plan Monday just before the council meeting.
The ...