CHATTANOOGA, Tenn. — The developer behind ‘The Bend,’ a multibillion-dollar project planned for Chattanooga’s riverfront, has been given more time to avoid defaulting on a public agreement tied to the development.
The Chattanooga Industrial Development Board voted to approve an extension for developer Jimmy White after the board sent him a notice of default in August.
White’s company, Urban Story Ventures, has said the development at The Bend would transform the area with new buildings, a marina and a 12,000-seat amphitheater.
The IDB board says it issued the default notice because it had questions about a change in ownership and control connected to the project…