Industrial Development Board Resolution No. IDB-26-02 for Project TIDE 2026-06-23
Industrial Board Approves PILOT Incentive for Project TIDE
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Description
The Industrial Development Board of Portland approved a PILOT incentive for Project TIDE, involving approximately $80.2 million in capital investment. The Board authorized legal counsel to prepare a lease, with performance commitments for jobs and wages, subject to Project TIDE covering all application and legal costs.
Contract Details
Contract Amount
Approximately $80.2 million in capital investment; $1,500 application fee; all legal and closing costs to be paid by Project TIDE
Vendor
PROJECT TIDE
Agency
Portland Housing Authority, TN
Contract Type
OTHER
Document Date
June 20, 2026
Contract Term
To be specified in Lease; performance period includes three (3) years from Certificate of Occupancy for jobs and wage requirements
Renewal Info
Term, renewal, or amendment provisions to be detailed in the final Lease as prepared by legal counsel.
More from Portland Housing Authority
Industrial Development Board Resolution No. IDB-26-02 for Project TIDE 2026-06-23
City of Portland Agenda 2026-06-15
City of Portland Board of Mayor and Aldermen Agenda 2026-06-15
City of Portland Agenda 2026-06-15
City of Portland Agenda 2026-06-15
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