CHATTANOOGA, Tenn. (AP) - Chattanooga is eyeing a proposed $40 million housing and commercial project as a way to add housing and connect the city's downtown and waterfront areas.
A Nashville development company plans to start working with the Tennessee Valley Authority to gain permits to kick off construction of the project that would add 70 cottage-style homes and 200 apartments.
Evergreen Real Estate official Aaron White told the Chattanooga Times Free Press (http://bit.ly/171fevF ) the project would resolve the issue of Chattanooga's downtown being undersupplied with housing.
The city's planning panel gave a thumbs up to the project last week. A rezoning of the 11-acre area still needs to be approved by the City Council.
If that happens, White says, construction could start next spring on one of the city's largest-ever riverfront mixed-used projects.