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Please note that data are cataloged by fiscal years. For more info see our user guide.

City of Memphis, TN Revenue Losses from Subsidy Programs

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YearProgram NameProgram TypeGross Revenue LossReimbursement / offsetNet Revenue LossType of Loss
2017Downtown Memphis Commission: PILOTReal estate development (commercial)$2,374,000$0$2,374,000Active
2018Downtown Memphis Commission: PILOTReal estate development (commercial)$3,949,000$0$3,949,000Active
2019Downtown Memphis Commission: PILOTReal estate development (commercial)$5,744,000$0$5,744,000Active
2020Downtown Memphis Commission: PILOTReal estate development$3,708,000$0$3,708,000Active
2021Downtown Memphis Commission: PILOTReal estate development$8,470,000$0$8,470,000Active
2017Graceland PILOTRedevelopment; Tourism $63,000$0$63,000Active
2017Health, Housing and Education Facilities Board Tax AbatementsAffordable Housing$1,934,000$0$1,934,000Active
2018Health, Housing and Education Facilities Board Tax AbatementsAffordable Housing$2,557,000$0$2,557,000Active
2019Health, Housing and Education Facilities Board Tax AbatementsAffordable Housing$2,575,000$0$2,575,000Active
2020Health, Housing and Education Facilities Board Tax AbatementsAffordable Housing$3,491,000$0$3,491,000Active
2021Health, Housing and Education Facilities Board Tax AbatementsAffordable Housing$4,222,000$0$4,222,000Active
2017University District: Highland StripGeneral Economic Development$82,000$0$82,000Active
2017Various PILOTS: Administered by Economic Development Growth Engine (Industrial Development Board)General Economic Development$7,212,000$0$7,212,000Active
2018Various PILOTS: Administered by Economic Development Growth Engine (Industrial Development Board)General Economic Development$10,237,000$0$10,237,000Active
2019Various PILOTS: Administered by Economic Development Growth Engine (Industrial Development Board)Job Creation/Retention$9,212,000$0$9,212,000Active
2020Various PILOTS: Administered by Economic Development Growth Engine (Industrial Development Board)General Economic Development$9,710,000$0$9,710,000Active
2021Various PILOTS: Administered by Economic Development Growth Engine (Industrial Development Board)General Economic Development$6,084,000$0$6,084,000Active
TABULATED TOTAL$81,624,000$0$81,624,000