Aug 20, 2026BoardMeeting
BoardIndustrial Development Board Board Meeting
The board meeting included the appointment of a new chair and vice chair. The primary agenda item was the discussion and approval of Resolution 2026-8-20, regarding a development project by Ace Hardware of East Ridge Incorporated at 3506 Ringo Road. This project involves a significant capital investment and the consolidation of two properties into a single, larger retail facility. The board analyzed the projected border region sales tax revenues, the 80/20 revenue sharing arrangement between the city and the developer, and the overall economic impact on the west side of the city.