University of Wisconsin–Madison

Memphis Blues: How Corporate Property Tax Breaks and Stadium Subsidies are Sapping the City’s Fiscal Strength

Type Policy Brief or Report
Year 2014
Level City or Town
State(s) Tennessee
Policy Areas
The City of Memphis has deliberately avoided its municipal pension obligations at the same time it has granted a series of costly property tax abatements, such as payments in lieu of taxes (PILOTs), to large corporations and sports franchises. For every year between 2009 and 2012, the revenues lost by Memphis to economic development subsidies exceeded the annual cost of funding the city’s pension system. This report outlines the burdens of PILOTs, and ultimately determines that Memphis’ spending on subsidy deals is eroding the revenues needed to adequately fund public services.

Remove Entry

Are you sure you want to remove this?

There was an error communicating with the server.

Please try again later.

There was an error while saving your data.

Please try again later.


Please try again later.

Update Page Content

You are leaving the page

Please make sure you saved all of the modules to avoid losing any data.