Memphis Commission Approves 10-Year PILOT for Belle Mont’s Second Phase
The Downtown Memphis Commission’s Center City Revenue Finance Corp. approved a 10-year Payment-In-Lieu-Of-Taxes (PILOT) for the second phase of the Belle Mont residential development in Memphis's Crosstown area.
Memphis, TN, October 13, 2026 —
The Downtown Memphis Commission’s Center City Revenue Finance Corp. approved a 10-year Payment-In-Lieu-Of-Taxes, or PILOT, for the second phase of the Belle Mont residential development in Memphis’s Crosstown area.
The approval applies to the development’s second phase. The information provided does not identify the developer, describe the planned housing, or state how many units are included. It also does not give the date of the approval or say when the 10-year period would begin.
Details about the financial terms were not provided. The available information does not specify the amount of any payments, how those payments would be calculated, or how the arrangement compares with taxes otherwise due. It also does not describe any conditions attached to the approval.
The approval is the reported action by the Center City Revenue Finance Corp. No further information was provided about the status of construction, the schedule for the second phase, or the development’s first phase. The information also does not indicate whether additional approvals are required or what steps may follow the corporation’s decision.
As a result, the confirmed details are limited to the approving body, the 10-year PILOT, and its application to the second phase of Belle Mont in Crosstown. Further specifics about the project and the agreement were not included in the information available for this report.
Story summarized from the original created by aashby@dailymemphian.com (Andy Ashby) on dailymemphian.com, see more information here.
