Description

On May 13, 2025, Governor Lee signed the Real Estate Infrastructure District Act into law. The Primary Goal of this act is to provide Tennessee cities, counties, and metro governments with mechanisms to finance infrastructure (e.g., roads, utilities, parking, parks...) through Infrastructure Development Districts (IDDs) where property owners pay via assessments and bonds rather than traditional taxes.

Infrastructure Development Districts enhance Tennessee's infrastructure financing toolkit. By establishing economically sensible, transparent, and accountable commercial development districts, the law supports local governments and private developers in managing growth, funding critical infrastructure, and preserving municipal budgets—all while ensuring community oversight and fair cost-sharing.

This event, exclusively for NAIOP members, will allow for one on one consulting and guidance from IDD experts at Winstead PC.  If you are curious to learn more about this new tool and potential for use on a specific project, reserve your time slot now!