JCDA recommends tax increment financing for John Sevier Center
The Johnson City Development Authority moved a step closer toward closing a budget gap Thursday when a Washington County committee recommended up to $751,382 in tax increment financing, mostly for repairs to the John Sevier Center. If approved by the full Washington County Commission, more than half that amount would be for roof repair. The development authority purchased the former hotel in 2019 with the plan of getting new housing built for residents and marketing the building to private developers. Over $1 million in repairs have already been made and LHP Capital is set to break ground on a new 150-unit apartment complex off South Roan Street in late January.