Sears Crosstown Project Moving Forward
The Sears Crosstown project is moving forward, but there could be a snag.
Crosstown Development expects the City of Memphis to come up with its $15 million that they hope to find in federal or state grants.
City leaders, however, say they’re not sure from where they’ll find that money.
The total price tag to redevelop the building is $175 million.
The concern among some, is whether the project will pay off since many of the organizations that plan to move into the facility are non-profits which do not pay taxes.
There are also questions about whether and new jobs will be created.
Todd Richardson, Co-leader of Crosstown Development Project, joined us to talk about the project.