GERMANTOWN, Tenn. (WMC) – Developers must go back to the drawing board on their pitch to use taxpayer dollars to subsidize the redevelopment of the former mall at Kirby Parkway and Poplar Avenue in Germantown.
City leaders turned down a $14.5 million tax increment financing (TIF) application Monday that, if approved, would have allowed developers to be reimbursed for certain infrastructure costs.
The former shopping center “Carrefour at Kirby Woods” was sold in 2022 and rebranded as “The Standard Germantown,” which has already completed Phase I of converting into a mixed-use development.
The Standard currently consists of about 12,000 square feet of commercial space…